Insider Selling: The Procter & Gamble Company (NYSE:PG) COO Sells $2,382,692.52 in Stock

The Procter & Gamble Company (NYSE:PG) COO Shailesh Jejurikar sold 14,034 shares of Procter & Gamble stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $169.78, for a total transaction of $2,382,692.52. Following the transaction, the chief operating officer now directly owns 9,856 shares in the company, valued at $1,673,351.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shailesh Jejurikar also recently made the following trade(s):

• On Tuesday, August 20th, Shailesh Jejurikar sold 10,623 shares of Procter & Gamble stock. The shares were sold at an average price of $169.22, for a total transaction of $1,797,624.06.

Procter & Gamble Stock Down 0.1 %

Shares of Procter & Gamble stock opened at $169.10 on Thursday. The stock has a market capitalization of $399.10 billion, a price-to-earnings ratio of 27.63, a PEG ratio of 3.64 and a beta of 0.41. The Procter & Gamble Company has a twelve month low of $141.45 and a twelve month high of $171.89. The company has a current ratio of 0.73, a quick ratio of 0.53 and a debt-to-equity ratio of 0.51. The business’s 50 day simple moving average is $167.36 and its 200-day simple moving average is $163.85.

Procter & Gamble (NYSE:PG) last posted its earnings results on Tuesday, July 30th. The company reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.03. The company had revenue of $20.53 billion for the quarter, compared to analysts’ expectations of $20.69 billion. Procter & Gamble had a return on equity of 33.46% and a net margin of 17.71%. The firm’s quarterly revenue was down .1% compared to the same quarter last year. During the same period last year, the business posted $1.37 earnings per share. Equities research analysts forecast that The Procter & Gamble Company will post 6.97 earnings per share for the current year.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Friday, July 19th were given a $1.0065 dividend. This represents a $4.03 annualized dividend and a yield of 2.38%. The ex-dividend date of this dividend was Friday, July 19th. Procter & Gamble’s dividend payout ratio (DPR) is 65.69%.

Wall Street Analyst Weigh In

Several research analysts have commented on PG shares. Dbs Bank lowered Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 1st. Stifel Nicolaus boosted their price target on Procter & Gamble from $157.00 to $161.00 and gave the stock a “hold” rating in a research report on Monday, July 22nd. Jefferies Financial Group downgraded Procter & Gamble from a “buy” rating to a “hold” rating and lowered their target price for the company from $182.00 to $175.00 in a research note on Wednesday, July 24th. Barclays cut their price target on Procter & Gamble from $174.00 to $163.00 and set an “overweight” rating on the stock in a research note on Thursday, August 1st. Finally, TD Cowen started coverage on Procter & Gamble in a research note on Tuesday, July 23rd. They set a “buy” rating and a $189.00 price objective for the company. Nine equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $173.95.

Institutional Investors Weigh In On Procter & Gamble

Hedge funds have recently made changes to their positions in the business. Advantage Trust Co bought a new stake in Procter & Gamble during the 4th quarter valued at $28,000. Itau Unibanco Holding S.A. acquired a new position in shares of Procter & Gamble during the second quarter valued at $28,000. Fairway Wealth LLC bought a new stake in shares of Procter & Gamble during the second quarter valued at about $29,000. Transcendent Capital Group LLC bought a new stake in shares of Procter & Gamble during the fourth quarter valued at about $31,000. Finally, Ruedi Wealth Management Inc. lifted its holdings in Procter & Gamble by 64.7% in the first quarter. Ruedi Wealth Management Inc. now owns 196 shares of the company’s stock worth $32,000 after purchasing an additional 77 shares during the period. Institutional investors own 65.77% of the company’s stock.

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.