The Procter & Gamble Company (NYSE:PG) CEO Sells $6,078,800.00 in Stock

The Procter & Gamble Company (NYSE:PG) CEO Gary A. Coombe sold 35,000 shares of the company’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $173.68, for a total transaction of $6,078,800.00. Following the completion of the transaction, the chief executive officer now owns 22,051 shares in the company, valued at approximately $3,829,817.68. This trade represents a 61.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Procter & Gamble Price Performance

Shares of PG stock opened at $173.02 on Wednesday. The business has a fifty day simple moving average of $166.52 and a 200 day simple moving average of $169.65. The company has a market cap of $405.72 billion, a P/E ratio of 27.55, a P/E/G ratio of 3.76 and a beta of 0.45. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a twelve month low of $153.52 and a twelve month high of $180.43.

Procter & Gamble (NYSE:PG) last posted its earnings results on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.02. The firm had revenue of $21.88 billion during the quarter, compared to analysts’ expectations of $21.66 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.84 earnings per share. On average, sell-side analysts forecast that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th were paid a dividend of $1.0065 per share. The ex-dividend date of this dividend was Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.33%. Procter & Gamble’s payout ratio is presently 64.01%.

Wall Street Analyst Weigh In

Several research firms have recently commented on PG. DA Davidson reaffirmed a “buy” rating and issued a $209.00 target price on shares of Procter & Gamble in a research report on Thursday, January 23rd. Barclays upped their price objective on Procter & Gamble from $155.00 to $159.00 and gave the company an “equal weight” rating in a report on Thursday, January 23rd. Wells Fargo & Company lifted their target price on Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Piper Sandler decreased their price target on shares of Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating on the stock in a research note on Monday, February 24th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $164.00 price target on shares of Procter & Gamble in a research report on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned 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 $181.11.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Smith Shellnut Wilson LLC ADV grew its holdings in shares of Procter & Gamble by 2.1% during the fourth quarter. Smith Shellnut Wilson LLC ADV now owns 7,356 shares of the company’s stock worth $1,233,000 after purchasing an additional 150 shares during the last quarter. Siemens Fonds Invest GmbH boosted its position in Procter & Gamble by 221.5% during the 4th quarter. Siemens Fonds Invest GmbH now owns 216,557 shares of the company’s stock worth $36,306,000 after buying an additional 149,190 shares during the period. GHE LLC grew its holdings in Procter & Gamble by 1.9% during the 4th quarter. GHE LLC now owns 8,887 shares of the company’s stock worth $1,490,000 after acquiring an additional 163 shares during the last quarter. American Investment Services Inc. increased its position in Procter & Gamble by 4.3% in the 4th quarter. American Investment Services Inc. now owns 5,449 shares of the company’s stock valued at $914,000 after acquiring an additional 225 shares during the period. Finally, Park Square Financial Group LLC bought a new position in shares of Procter & Gamble during the fourth quarter valued at $196,000. 65.77% of the stock is currently owned by institutional investors.

About Procter & Gamble

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.