The Procter & Gamble Company (NYSE:PG) Insider Marc S. Pritchard Sells 90,450 Shares of Stock

The Procter & Gamble Company (NYSE:PG) insider Marc S. Pritchard sold 90,450 shares of Procter & Gamble stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total value of $14,819,328.00. Following the completion of the sale, the insider now owns 172,814 shares of the company’s stock, valued at $28,313,845.76. The trade was a 34.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Procter & Gamble Trading Up 3.3 %

Procter & Gamble stock opened at $169.57 on Tuesday. The Procter & Gamble Company has a 1 year low of $153.52 and a 1 year high of $180.43. The firm’s 50 day moving average price is $168.85 and its 200-day moving average price is $169.39. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.76 and a quick ratio of 0.55. The stock has a market cap of $399.34 billion, a P/E ratio of 27.00, a PEG ratio of 3.69 and a beta of 0.45.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, topping the consensus estimate of $1.86 by $0.02. The business had revenue of $21.88 billion for the quarter, compared to analysts’ expectations of $21,657,595.49 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 32.88%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.84 EPS. On average, equities analysts predict that The Procter & Gamble Company will post 6.94 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th will be paid a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date of this dividend is Friday, January 24th. Procter & Gamble’s payout ratio is 64.17%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Consolidated Portfolio Review Corp raised its stake in Procter & Gamble by 141.1% during the fourth quarter. Consolidated Portfolio Review Corp now owns 28,482 shares of the company’s stock valued at $4,775,000 after purchasing an additional 16,671 shares in the last quarter. GHP Investment Advisors Inc. increased its holdings in shares of Procter & Gamble by 1.9% in the 4th quarter. GHP Investment Advisors Inc. now owns 86,716 shares of the company’s stock worth $14,538,000 after buying an additional 1,638 shares during the last quarter. Rik Saylor Financial Inc. purchased a new stake in shares of Procter & Gamble during the 4th quarter valued at about $1,017,000. McHugh Group LLC purchased a new position in Procter & Gamble in the fourth quarter worth about $517,000. Finally, Buck Wealth Strategies LLC increased its stake in Procter & Gamble by 37.0% during the fourth quarter. Buck Wealth Strategies LLC now owns 50,932 shares of the company’s stock worth $8,539,000 after acquiring an additional 13,756 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Wells Fargo & Company boosted their price objective on shares of Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. DA Davidson reissued a “buy” rating and set a $209.00 price target on shares of Procter & Gamble in a report on Thursday, January 23rd. Stifel Nicolaus lifted their price objective on Procter & Gamble from $161.00 to $165.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. lowered their target price on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. Finally, Morgan Stanley boosted their price target on Procter & Gamble from $174.00 to $191.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Eight investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $180.53.

Procter & Gamble Company Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.