R. Alexandra Keith Sells 33,968 Shares of The Procter & Gamble Company (NYSE:PG) Stock

The Procter & Gamble Company (NYSE:PGGet Rating) CEO R. Alexandra Keith sold 33,968 shares of the firm’s stock in a transaction that occurred on Tuesday, November 8th. The stock was sold at an average price of $137.44, for a total transaction of $4,668,561.92. Following the completion of the sale, the chief executive officer now owns 38,990 shares in the company, valued at approximately $5,358,785.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Procter & Gamble Stock Performance

Shares of NYSE PG opened at $141.18 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.41 and a current ratio of 0.62. The company has a market cap of $336.78 billion, a P/E ratio of 24.47, a P/E/G ratio of 3.91 and a beta of 0.41. The firm’s fifty day moving average is $132.78 and its two-hundred day moving average is $141.50. The Procter & Gamble Company has a 52-week low of $122.18 and a 52-week high of $165.35.

Procter & Gamble (NYSE:PGGet Rating) last announced its quarterly earnings results on Wednesday, October 19th. The company reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $0.02. Procter & Gamble had a net margin of 18.11% and a return on equity of 32.66%. The company had revenue of $20.61 billion for the quarter, compared to the consensus estimate of $20.37 billion. During the same period in the previous year, the firm posted $1.61 EPS. Procter & Gamble’s revenue for the quarter was up 1.3% compared to the same quarter last year. As a group, analysts anticipate that The Procter & Gamble Company will post 5.83 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Friday, October 21st will be issued a $0.9133 dividend. The ex-dividend date of this dividend is Thursday, October 20th. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.91. This represents a $3.65 dividend on an annualized basis and a dividend yield of 2.59%. Procter & Gamble’s payout ratio is 63.26%.

Institutional Trading of Procter & Gamble

A number of large investors have recently made changes to their positions in PG. Win Advisors Inc. increased its holdings in shares of Procter & Gamble by 91.5% in the 2nd quarter. Win Advisors Inc. now owns 180 shares of the company’s stock worth $26,000 after buying an additional 86 shares during the last quarter. Lansing Street Advisors purchased a new position in shares of Procter & Gamble during the 1st quarter worth about $37,000. Dravo Bay LLC purchased a new position in shares of Procter & Gamble during the 1st quarter worth about $40,000. Retirement Group LLC boosted its stake in shares of Procter & Gamble by 48.2% during the 1st quarter. Retirement Group LLC now owns 283 shares of the company’s stock worth $43,000 after purchasing an additional 92 shares during the period. Finally, IAG Wealth Partners LLC boosted its stake in shares of Procter & Gamble by 31.0% during the 1st quarter. IAG Wealth Partners LLC now owns 317 shares of the company’s stock worth $48,000 after purchasing an additional 75 shares during the period. 63.45% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

PG has been the topic of several analyst reports. Raymond James dropped their price target on shares of Procter & Gamble from $175.00 to $155.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 12th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Procter & Gamble from $155.00 to $156.00 and gave the stock a “buy” rating in a research note on Thursday, October 20th. Barclays lifted their price target on shares of Procter & Gamble from $139.00 to $145.00 and gave the stock an “overweight” rating in a research note on Thursday, October 20th. Morgan Stanley lowered their target price on shares of Procter & Gamble from $177.00 to $160.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 4th. Finally, StockNews.com began coverage on shares of Procter & Gamble in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Five research analysts have rated the stock with a hold rating and six have issued a buy 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 $151.85.

About Procter & Gamble

(Get Rating)

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.

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Insider Buying and Selling by Quarter for Procter & Gamble (NYSE:PG)

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