Procter & Gamble (NYSE:PG) Stock: Insider Andre Schulten Sells 30,677 Shares

Procter & Gamble Company (The) (NYSE:PG – Get Free Report) CFO Andre Schulten sold 30,677 shares of the firm’s stock in a transaction dated Thursday, November 5th. The stock was sold at an average price of $169.00, for a total transaction of $5,184,413.00. Following the completion of the sale, the chief financial officer directly owned 65,618 shares of the company’s stock, valued at approximately $11,089,442. The trade was a 31.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Andre Schulten also recently made the following trade(s):

  • On Wednesday, November 4th, Andre Schulten sold 33,624 shares of Procter & Gamble stock. The shares were sold at an average price of $165.00, for a total value of $5,547,960.00.
  • On Monday, October 5th, Andre Schulten sold 3,914 shares of Procter & Gamble stock. The shares were sold at an average price of $145.34, for a total value of $568,860.76.

Procter & Gamble Trading Up 0.1%

Shares of NYSE PG opened at $168.43 on Wednesday. Procter & Gamble Company has a fifty-two week low of $137.62 and a fifty-two week high of $170.52. 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 cap of $390.38 billion, a price-to-earnings ratio of 25.37, a PEG ratio of 4.14 and a beta of 0.36. The business’s 50 day moving average price is $152.95 and its 200-day moving average price is $149.64.

Procter & Gamble (NYSE:PG – Get Free Report) last posted its quarterly earnings data on Thursday, October 22nd. The company reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.11. The company had revenue of $23.28 billion during the quarter, compared to analysts’ expectations of $22.80 billion. Procter & Gamble had a return on equity of 31.02% and a net margin of 18.23%. Procter & Gamble’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.99 EPS. On average, sell-side analysts expect that Procter & Gamble Company will post 6.99 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Friday, October 23rd will be paid a dividend of $1.0885 per share. This represents a $4.35 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Friday, October 23rd. Procter & Gamble’s payout ratio is currently 65.51%.

Analysts Set New Price Targets

PG has been the topic of several research reports. Royal Bank Of Canada set a $169.00 price target on Procter & Gamble in a research note on Friday, October 23rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Procter & Gamble in a research report on Friday, October 23rd. Morgan Stanley increased their price objective on Procter & Gamble from $166.00 to $185.00 and gave the company an “overweight” rating in a report on Friday, October 23rd. Piper Sandler boosted their price objective on shares of Procter & Gamble from $145.00 to $167.00 and gave the company a “neutral” rating in a report on Monday, October 26th. Finally, Citigroup lifted their price objective on Procter & Gamble from $180.00 to $187.00 and gave the company a “buy” rating in a research note on Friday, October 23rd. Fifteen research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $170.57.

Check Out Our Latest Stock Report on Procter & Gamble

Hedge Funds Weigh In On Procter & Gamble

Institutional investors have recently bought and sold shares of the company. Ellis Investment Partners LLC raised its position in Procter & Gamble by 0.7% in the third quarter. Ellis Investment Partners LLC now owns 8,816 shares of the company’s stock valued at $1,281,000 after purchasing an additional 64 shares during the period. Clark Wealth Partners grew its holdings in shares of Procter & Gamble by 20.6% during the 3rd quarter. Clark Wealth Partners now owns 387 shares of the company’s stock worth $56,000 after purchasing an additional 66 shares during the period. Kuhn & Co Investment Counsel grew its holdings in shares of Procter & Gamble by 1.0% during the 3rd quarter. Kuhn & Co Investment Counsel now owns 6,555 shares of the company’s stock worth $952,000 after purchasing an additional 66 shares during the period. BCGM Wealth Management LLC increased its position in shares of Procter & Gamble by 2.4% during the 3rd quarter. BCGM Wealth Management LLC now owns 2,820 shares of the company’s stock worth $410,000 after purchasing an additional 66 shares during the last quarter. Finally, Whelan Financial increased its position in shares of Procter & Gamble by 1.9% during the 3rd quarter. Whelan Financial now owns 3,689 shares of the company’s stock worth $536,000 after purchasing an additional 68 shares during the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Procter & Gamble

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About Procter & Gamble

(Get Free Report)

The Procter & Gamble Company is a consumer goods company that develops, manufactures and markets products for everyday use. Founded in 1837 by William Procter and James Gamble, the company is headquartered in Cincinnati, Ohio. Its products span beauty, grooming, health care, fabric and home care, and baby, feminine and family care. Well-known brands include Tide, Pampers, Gillette, Pantene, Olay, Oral-B, Crest, Dawn, Charmin and Bounty. Procter & Gamble sells its products in markets around the world through retail stores, e-commerce platforms and other distribution channels.

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Insider Buying and Selling by Quarter for Procter & Gamble (NYSE:PG)

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