Procter & Gamble Company (The) (NYSE:PG – Get Free Report) CEO Ma. Fatima Francisco sold 5,549 shares of Procter & Gamble stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $165.29, for a total value of $917,194.21. Following the sale, the chief executive officer directly owned 1,029 shares of the company’s stock, valued at approximately $170,083.41. This trade represents a 84.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Ma. Fatima Francisco also recently made the following trade(s):
- On Wednesday, February 4th, Ma. Fatima Francisco sold 8,000 shares of Procter & Gamble stock. The shares were sold at an average price of $158.00, for a total value of $1,264,000.00.
Procter & Gamble Trading Down 1.8%
Shares of NYSE PG traded down $3.08 during midday trading on Monday, reaching $164.12. The company had a trading volume of 4,809,552 shares, compared to its average volume of 11,715,346. The stock has a market cap of $381.42 billion, a PE ratio of 24.31, a price-to-earnings-growth ratio of 5.59 and a beta of 0.37. Procter & Gamble Company has a one year low of $137.62 and a one year high of $179.99. The firm’s fifty day moving average price is $150.95 and its 200-day moving average price is $151.05. The company has a quick ratio of 0.51, a current ratio of 0.72 and a debt-to-equity ratio of 0.49.
Procter & Gamble Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Friday, January 23rd were issued a $1.0568 dividend. The ex-dividend date was Friday, January 23rd. This represents a $4.23 dividend on an annualized basis and a yield of 2.6%. Procter & Gamble’s dividend payout ratio is 62.67%.
Hedge Funds Weigh In On Procter & Gamble
A number of institutional investors and hedge funds have recently modified their holdings of PG. Brighton Jones LLC raised its stake in shares of Procter & Gamble by 51.5% in the fourth quarter. Brighton Jones LLC now owns 40,068 shares of the company’s stock worth $6,717,000 after purchasing an additional 13,617 shares during the last quarter. Taylor Financial Group Inc. grew its stake in Procter & Gamble by 10.6% in the 1st quarter. Taylor Financial Group Inc. now owns 2,891 shares of the company’s stock valued at $493,000 after acquiring an additional 277 shares during the period. Sivia Capital Partners LLC raised its position in shares of Procter & Gamble by 19.8% during the 2nd quarter. Sivia Capital Partners LLC now owns 6,144 shares of the company’s stock worth $979,000 after purchasing an additional 1,016 shares during the last quarter. Auxano Advisors LLC boosted its stake in shares of Procter & Gamble by 10.8% in the second quarter. Auxano Advisors LLC now owns 7,315 shares of the company’s stock worth $1,165,000 after acquiring an additional 714 shares during the last quarter. Finally, Schnieders Capital Management LLC. raised its position in shares of Procter & Gamble by 2.8% in the second quarter. Schnieders Capital Management LLC. now owns 30,182 shares of the company’s stock valued at $4,809,000 after buying an additional 809 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.
Analysts Set New Price Targets
A number of analysts have recently commented on PG shares. TD Cowen lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating and lifted their price target for the stock from $150.00 to $156.00 in a research note on Tuesday, January 27th. Jefferies Financial Group upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and boosted their target price for the company from $156.00 to $179.00 in a research report on Tuesday, December 16th. Deutsche Bank Aktiengesellschaft decreased their target price on Procter & Gamble from $176.00 to $171.00 and set a “buy” rating on the stock in a report on Monday, December 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Procter & Gamble in a research report on Monday, December 29th. Finally, Rothschild & Co Redburn lifted their price target on shares of Procter & Gamble from $155.00 to $157.00 and gave the company a “neutral” rating in a report on Friday, January 23rd. Fourteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $168.33.
View Our Latest Research Report on Procter & Gamble
About Procter & Gamble
Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.
P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.
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