Procter & Gamble (NYSE:PG) Insider Sells $671,928.51 in Stock

Procter & Gamble Company (The) (NYSE:PG) insider Balaji Purushothaman sold 4,181 shares of the business’s stock in a transaction dated Friday, October 23rd. The stock was sold at an average price of $160.71, for a total transaction of $671,928.51. Following the transaction, the insider owned 11,296 shares in the company, valued at $1,815,380.16. The trade was a 27.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Procter & Gamble Price Performance

PG stock opened at $158.38 on Thursday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.72 and a quick ratio of 0.53. The business has a 50 day simple moving average of $149.30 and a 200-day simple moving average of $148.76. The firm has a market capitalization of $367.10 billion, a PE ratio of 23.85, a price-to-earnings-growth ratio of 4.00 and a beta of 0.39. Procter & Gamble Company has a 1 year low of $137.62 and a 1 year high of $167.25.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Thursday, October 22nd. The company reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.11. The firm had revenue of $23.28 billion for the quarter, compared to the consensus estimate of $22.80 billion. Procter & Gamble had a return on equity of 31.02% and a net margin of 18.23%. The firm’s revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.99 earnings per share. Equities research analysts anticipate that Procter & Gamble Company will post 6.98 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Friday, October 23rd will be paid a $1.0885 dividend. The ex-dividend date of this dividend is Friday, October 23rd. This represents a $4.35 dividend on an annualized basis and a dividend yield of 2.7%. Procter & Gamble’s dividend payout ratio (DPR) is 65.51%.

More Procter & Gamble News

Here are the key news stories impacting Procter & Gamble this week:

• Positive Sentiment: P&G’s latest quarter exceeded expectations, with earnings per share of $2.00 versus the $1.89 consensus and revenue of $23.28 billion versus $22.80 billion expected. Sales increased 4% year over year, while organic sales growth was supported primarily by higher product volumes rather than price increases. P&G Stock May Be Undervalued
• Positive Sentiment: Analysts and investment commentary remain broadly constructive. One analysis estimates PG may be about 23% undervalued, while Freedom Broker upgraded the stock from Hold to Buy. P&G’s leading household brands and dependable dividend continue to support its defensive-investment appeal. Freedom Broker Upgrade
• Positive Sentiment: The company’s quarterly dividend remains an important support for income-focused investors: the annualized payout is approximately $4.35 per share, representing a yield near 2.7% based on the cited stock data. P&G Dividend Analysis
• Neutral Sentiment: P&G has outperformed the broader market this year, but commentary questions how long that outperformance can continue. With shares trading well above their 50-day and 200-day moving averages, some investors may be taking profits. P&G Outperformance Analysis
• Negative Sentiment: Higher commodity, oil, packaging and transportation costs could pressure margins if P&G cannot offset them through pricing, productivity gains or favorable product mix. Investors are watching whether the company’s growth can continue while protecting profitability. P&G Commodity Costs
• Negative Sentiment: Recent insider selling, including a 4,181-share transaction valued at roughly $672,000, may add a modest sentiment overhang, although such sales do not necessarily indicate deteriorating business conditions. P&G Insider Sale

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on PG. Weiss Ratings reissued a “hold (c)” rating on shares of Procter & Gamble in a research report on Monday, September 21st. Piper Sandler raised their price objective on shares of Procter & Gamble from $145.00 to $167.00 and gave the stock a “neutral” rating in a research report on Monday. The Goldman Sachs Group restated a “neutral” rating and set a $161.00 price objective on shares of Procter & Gamble in a research report on Thursday, October 22nd. Argus downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Friday, August 7th. Finally, BNP Paribas Exane boosted their target price on shares of Procter & Gamble from $177.00 to $189.00 and gave the company an “outperform” rating in a report on Friday, October 23rd. Fifteen research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, Procter & Gamble currently has a consensus rating of “Moderate Buy” and an average price target of $170.57.

Institutional Trading of Procter & Gamble

Several institutional investors and hedge funds have recently bought and sold shares of PG. Mowery & Schoenfeld Wealth Management LLC acquired a new position in Procter & Gamble during the second quarter worth $26,000. Montgomery Financial Services LLC purchased a new position in shares of Procter & Gamble during the second quarter worth $28,000. Paladin Partners LLC acquired a new stake in shares of Procter & Gamble in the second quarter valued at $29,000. Evergreen Advisors LLC acquired a new stake in shares of Procter & Gamble in the first quarter valued at $37,000. Finally, Toews Corp ADV purchased a new stake in shares of Procter & Gamble in the 2nd quarter valued at $37,000. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Procter & Gamble Company Profile

Procter & Gamble Company (NYSE: PG) is a global consumer products company that develops, manufactures and markets branded products used in households and personal care. Its portfolio includes personal health and grooming products, beauty and skin care items, baby, feminine and family care products, fabric and home care products, and oral care products.

The company’s well-known brands include Pampers, Tide, Gillette, Crest, Oral-B, Head & Shoulders, Pantene, Olay, Old Spice, Dawn, Febreze and Mr.