Procter & Gamble Co (NYSE:PG) insider Steven D. Bishop sold 30,000 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $105.38, for a total value of $3,161,400.00. Following the transaction, the insider now owns 75,031 shares in the company, valued at approximately $7,906,766.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
PG opened at $105.07 on Thursday. Procter & Gamble Co has a fifty-two week low of $71.74 and a fifty-two week high of $107.20. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.60 and a current ratio of 0.79. The firm has a market cap of $265.44 billion, a price-to-earnings ratio of 24.90, a price-to-earnings-growth ratio of 3.42 and a beta of 0.39.
Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $1.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.02. Procter & Gamble had a net margin of 16.44% and a return on equity of 21.61%. The firm had revenue of $16.46 billion for the quarter, compared to the consensus estimate of $16.37 billion. During the same quarter in the previous year, the company earned $1.00 earnings per share. The business’s revenue was up 1.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Procter & Gamble Co will post 4.48 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th will be paid a dividend of $0.7459 per share. The ex-dividend date is Wednesday, April 17th. This represents a $2.98 dividend on an annualized basis and a yield of 2.84%. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.72. Procter & Gamble’s payout ratio is currently 70.62%.
Several equities research analysts have recently issued reports on the stock. Evercore ISI assumed coverage on shares of Procter & Gamble in a research note on Thursday, January 10th. They issued an “outperform” rating and a $105.00 price objective on the stock. Zacks Investment Research downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Wednesday, January 16th. Goldman Sachs Group restated a “neutral” rating and issued a $95.00 price objective on shares of Procter & Gamble in a research note on Wednesday, January 23rd. Wells Fargo & Co restated a “hold” rating and issued a $91.00 price objective on shares of Procter & Gamble in a research note on Wednesday, January 23rd. Finally, Berenberg Bank upgraded shares of Procter & Gamble from a “sell” rating to a “hold” rating and raised their price objective for the stock from $86.00 to $92.00 in a research note on Thursday, January 24th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $101.42.
Institutional investors and hedge funds have recently bought and sold shares of the business. Sompo Japan Nipponkoa Asset Management CO. LTD. lifted its holdings in shares of Procter & Gamble by 17.1% during the third quarter. Sompo Japan Nipponkoa Asset Management CO. LTD. now owns 85,146 shares of the company’s stock valued at $7,087,000 after acquiring an additional 12,410 shares during the period. Windsor Group LTD lifted its holdings in shares of Procter & Gamble by 19.0% during the fourth quarter. Windsor Group LTD now owns 7,712 shares of the company’s stock valued at $709,000 after acquiring an additional 1,233 shares during the period. Chemical Bank lifted its holdings in shares of Procter & Gamble by 2.0% during the third quarter. Chemical Bank now owns 107,731 shares of the company’s stock valued at $8,966,000 after acquiring an additional 2,141 shares during the period. Radnor Capital Management LLC lifted its holdings in shares of Procter & Gamble by 1.2% during the fourth quarter. Radnor Capital Management LLC now owns 60,503 shares of the company’s stock valued at $5,561,000 after acquiring an additional 735 shares during the period. Finally, Telemus Capital LLC lifted its holdings in shares of Procter & Gamble by 6.2% during the third quarter. Telemus Capital LLC now owns 28,618 shares of the company’s stock valued at $2,382,000 after acquiring an additional 1,676 shares during the period. Hedge funds and other institutional investors own 61.56% of the company’s stock.
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Procter & Gamble Company Profile
The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.
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