Procter & Gamble (NYSE:PG) Insider Moses Victor Javier Aguilar Sells 18,812 Shares of Stock

Procter & Gamble Company (The) (NYSE:PG) insider Victor Aguilar sold 18,812 shares of the business’s stock in a transaction on Friday, October 30th. The shares were sold at an average price of $164.43, for a total value of $3,093,257.16. Following the completion of the sale, the insider owned 55,243 shares in the company, valued at approximately $9,083,606.49. The trade was a 25.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Procter & Gamble Stock Down 1.1%

PG stock opened at $161.80 on Wednesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.53 and a current ratio of 0.72. The company has a market capitalization of $375.02 billion, a price-to-earnings ratio of 24.37, a PEG ratio of 4.02 and a beta of 0.36. Procter & Gamble Company has a fifty-two week low of $137.62 and a fifty-two week high of $167.25. The stock has a fifty day moving average of $150.68 and a 200-day moving average of $149.12.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Thursday, October 22nd. The company reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.11. Procter & Gamble had a return on equity of 31.02% and a net margin of 18.23%. The company had revenue of $23.28 billion during the quarter, compared to analyst estimates of $22.80 billion. During the same quarter last year, the firm posted $1.99 EPS. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. As a group, equities research analysts predict that Procter & Gamble Company will post 6.99 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Friday, October 23rd will be given a dividend of $1.0885 per share. This represents a $4.35 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Friday, October 23rd. Procter & Gamble’s dividend payout ratio (DPR) is currently 65.51%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on PG. TD Cowen boosted their price target on shares of Procter & Gamble from $150.00 to $166.00 and gave the company a “hold” rating in a research report on Friday, October 23rd. JPMorgan Chase & Co. raised their price objective on shares of Procter & Gamble from $162.00 to $180.00 and gave the stock an “overweight” rating in a report on Friday, October 23rd. The Goldman Sachs Group reiterated a “neutral” rating and issued a $161.00 price objective on shares of Procter & Gamble in a research note on Thursday, October 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Procter & Gamble in a report on Monday, September 21st. Finally, Argus downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Friday, August 7th. Fifteen investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $170.57.

Trending Headlines about Procter & Gamble

Here are the key news stories impacting Procter & Gamble this week:

• Positive Sentiment: P&G has raised its dividend for 70 consecutive years, a track record that supports its appeal to income-focused investors. Article: Procter & Gamble dividend history
• Neutral Sentiment: The company closed a €3.25 billion euro-note offering. The financing provides capital but adds debt obligations; the available report does not specify how the proceeds will be used. Article: Euro note offering
• Negative Sentiment: Analysts note that rising costs and shoppers’ focus on value could make it harder for P&G to sustain growth in premium brands, despite strong loyalty and innovation. Article: Premium brands in a value-seeking market
• Negative Sentiment: Several executives and the chief accounting officer reported share sales. Such transactions can add near-term concern, though insider sales alone do not establish a negative outlook. SEC filing: Insider transaction

Institutional Investors Weigh In On Procter & Gamble

Large investors have recently added to or reduced their stakes in the business. Baxter Bros Inc. bought a new position in Procter & Gamble in the 2nd quarter worth $12,381,000. Empowered Funds LLC purchased a new position in Procter & Gamble in the 2nd quarter worth approximately $53,549,000. Bank of America Corp DE bought a new position in Procter & Gamble in the 2nd quarter worth approximately $3,850,628,000. Capstone Capital Management Ltd purchased a new stake in Procter & Gamble during the 3rd quarter valued at approximately $991,000. Finally, Rokos Capital Management LLP purchased a new stake in Procter & Gamble during the 1st quarter valued at approximately $29,914,000. Institutional investors own 65.77% of the company’s stock.

About Procter & Gamble

Procter & Gamble Company (NYSE: PG) is a global consumer products company that develops, manufactures and markets branded products used in households and personal care. Its portfolio includes personal health and grooming products, beauty and skin care items, baby, feminine and family care products, fabric and home care products, and oral care products.

The company’s well-known brands include Pampers, Tide, Gillette, Crest, Oral-B, Head & Shoulders, Pantene, Olay, Old Spice, Dawn, Febreze and Mr.