Procter & Gamble (NYSE:PG) CFO Sells $5,184,413.00 in Stock

Procter & Gamble Company (The) (NYSE:PG) CFO Andre Schulten sold 30,677 shares of Procter & Gamble stock in a transaction that occurred on Thursday, November 5th. The stock was sold at an average price of $169.00, for a total value of $5,184,413.00. Following the completion of the sale, the chief financial officer owned 65,618 shares in the company, valued at approximately $11,089,442. This represents a 31.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible 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 Stock Performance

Shares of PG stock opened at $167.79 on Thursday. The firm has a market capitalization of $388.91 billion, a price-to-earnings ratio of 25.27, a PEG ratio of 4.15 and a beta of 0.36. The stock has a fifty day moving average of $153.39 and a 200 day moving average of $149.73. Procter & Gamble Company has a 52 week low of $137.62 and a 52 week high of $170.52. The company has a quick ratio of 0.53, a current ratio of 0.72 and a debt-to-equity ratio of 0.40.

Procter & Gamble (NYSE:PG) last issued 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. Procter & Gamble had a net margin of 18.23% and a return on equity of 31.02%. The business had revenue of $23.28 billion for the quarter, compared to the consensus estimate of $22.80 billion. During the same period in the previous year, the firm earned $1.99 EPS. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. As a group, research analysts expect that Procter & Gamble Company will post 6.99 earnings per share for the current year.

Procter & Gamble Dividend Announcement

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

Institutional Trading of Procter & Gamble

A number of institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of Procter & Gamble during the second quarter valued at approximately $27,862,105,000. State Street Corp boosted its stake in Procter & Gamble by 1.0% during the 2nd quarter. State Street Corp now owns 102,216,308 shares of the company’s stock valued at $14,988,999,000 after purchasing an additional 965,461 shares during the last quarter. Bank of America Corp DE purchased a new stake in Procter & Gamble during the 2nd quarter valued at $3,850,628,000. Bank of New York Mellon Corp bought a new stake in shares of Procter & Gamble in the 2nd quarter worth $2,281,505,000. Finally, Fisher Asset Management LLC increased its holdings in shares of Procter & Gamble by 7.5% in the 3rd quarter. Fisher Asset Management LLC now owns 12,084,656 shares of the company’s stock worth $1,755,659,000 after purchasing an additional 845,717 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

PG has been the topic of several research reports. DZ Bank lowered shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 27th. HSBC downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating and decreased their target price for the company from $182.00 to $149.00 in a research note on Thursday, July 30th. Argus lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Friday, August 7th. Sanford C. Bernstein reissued a “market perform” rating and issued a $149.00 price target on shares of Procter & Gamble in a research report on Monday, August 24th. Finally, Royal Bank Of Canada set a $169.00 price target on Procter & Gamble in a research note on Friday, October 23rd. Fifteen equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $170.57.

About Procter & Gamble

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.