The Procter & Gamble Company (NYSE:PG) COO Sells $5,049,900.00 in Stock

The Procter & Gamble Company (NYSE:PG) COO Shailesh Jejurikar sold 31,000 shares of the stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $162.90, for a total value of $5,049,900.00. Following the transaction, the chief operating officer now directly owns 9,739 shares of the company’s stock, valued at $1,586,483.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Procter & Gamble Price Performance

Shares of PG stock opened at $164.46 on Friday. The Procter & Gamble Company has a 52-week low of $141.45 and a 52-week high of $164.71. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.48 and a current ratio of 0.69. The firm has a market capitalization of $388.15 billion, a P/E ratio of 26.87, a P/E/G ratio of 3.32 and a beta of 0.43. The stock has a 50 day moving average price of $159.94 and a 200 day moving average price of $154.04.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Friday, April 19th. The company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.10. The firm had revenue of $20.20 billion during the quarter, compared to analyst estimates of $20.43 billion. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. Procter & Gamble’s quarterly revenue was up .6% compared to the same quarter last year. During the same period last year, the company earned $1.37 EPS. As a group, sell-side analysts predict that The Procter & Gamble Company will post 6.55 earnings per share for the current year.

Procter & Gamble Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th will be issued a dividend of $1.0065 per share. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 annualized dividend and a yield of 2.45%. The ex-dividend date is Thursday, April 18th. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.69%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of PG. Wendell David Associates Inc. increased its holdings in Procter & Gamble by 0.5% during the 3rd quarter. Wendell David Associates Inc. now owns 93,825 shares of the company’s stock worth $13,685,000 after purchasing an additional 491 shares during the period. Mitchell Mcleod Pugh & Williams Inc. increased its holdings in Procter & Gamble by 9.3% during the 3rd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 23,924 shares of the company’s stock worth $3,490,000 after purchasing an additional 2,043 shares during the period. FARMERS & MERCHANTS TRUST Co OF LONG BEACH increased its holdings in shares of Procter & Gamble by 10.8% in the 3rd quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 20,677 shares of the company’s stock valued at $3,016,000 after acquiring an additional 2,011 shares during the period. Modus Advisors LLC increased its holdings in shares of Procter & Gamble by 1.4% in the 3rd quarter. Modus Advisors LLC now owns 15,310 shares of the company’s stock valued at $2,233,000 after acquiring an additional 214 shares during the period. Finally, Signet Investment Advisory Group Inc. increased its holdings in shares of Procter & Gamble by 1.2% in the 3rd quarter. Signet Investment Advisory Group Inc. now owns 20,571 shares of the company’s stock valued at $3,000,000 after acquiring an additional 244 shares during the period. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. StockNews.com lowered Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th. Truist Financial raised Procter & Gamble from a “hold” rating to a “buy” rating and increased their price target for the company from $160.00 to $175.00 in a research note on Monday, March 11th. Stifel Nicolaus raised their price objective on Procter & Gamble from $155.00 to $157.00 and gave the company a “hold” rating in a research note on Wednesday, January 24th. Argus raised their price objective on Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Finally, Jefferies Financial Group raised their price objective on Procter & Gamble from $175.00 to $182.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, Procter & Gamble has a consensus rating of “Moderate Buy” and a consensus target price of $169.76.

Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.