The Procter & Gamble Company (NYSE:PG) COO Sells $5,049,900.00 in Stock

The Procter & Gamble Company (NYSE:PG) COO Shailesh Jejurikar sold 31,000 shares of the stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $162.90, for a total transaction of $5,049,900.00. Following the transaction, the chief operating officer now directly owns 9,739 shares in the company, valued at approximately $1,586,483.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Procter & Gamble Trading Up 0.3 %

PG opened at $163.84 on Friday. The stock has a market cap of $386.69 billion, a PE ratio of 26.77, a PEG ratio of 3.31 and a beta of 0.43. The business has a 50 day moving average of $159.94 and a 200-day moving average of $154.04. The Procter & Gamble Company has a 52 week low of $141.45 and a 52 week high of $164.49. The company has a quick ratio of 0.48, a current ratio of 0.69 and a debt-to-equity ratio of 0.49.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Friday, April 19th. The company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.42 by $0.10. The business had revenue of $20.20 billion during the quarter, compared to analyst estimates of $20.43 billion. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The company’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter last year, the firm posted $1.37 earnings per share. Equities research analysts predict that The Procter & Gamble Company will post 6.55 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th will be issued a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a dividend yield of 2.46%. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend is Thursday, April 18th. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.85%.

Institutional Trading of Procter & Gamble

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wendell David Associates Inc. increased its stake in Procter & Gamble by 0.5% during the 3rd quarter. Wendell David Associates Inc. now owns 93,825 shares of the company’s stock valued at $13,685,000 after purchasing an additional 491 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. increased its position in shares of Procter & Gamble by 9.3% during the third quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 23,924 shares of the company’s stock valued at $3,490,000 after acquiring an additional 2,043 shares in the last quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH lifted its position in Procter & Gamble by 10.8% in the 3rd quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 20,677 shares of the company’s stock valued at $3,016,000 after acquiring an additional 2,011 shares in the last quarter. Modus Advisors LLC boosted its stake in Procter & Gamble by 1.4% during the 3rd quarter. Modus Advisors LLC now owns 15,310 shares of the company’s stock valued at $2,233,000 after purchasing an additional 214 shares during the last quarter. Finally, Signet Investment Advisory Group Inc. increased its holdings in shares of Procter & Gamble by 1.2% in the 3rd quarter. Signet Investment Advisory Group Inc. now owns 20,571 shares of the company’s stock worth $3,000,000 after purchasing an additional 244 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Wall Street Analysts Forecast Growth

PG has been the topic of a number of recent research reports. Barclays raised their price objective on Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a research note on Tuesday, April 23rd. Truist Financial raised Procter & Gamble from a “hold” rating to a “buy” rating and lifted their price target for the stock from $160.00 to $175.00 in a research note on Monday, March 11th. JPMorgan Chase & Co. cut their target price on shares of Procter & Gamble from $169.00 to $162.00 and set an “overweight” rating on the stock in a report on Thursday, January 18th. StockNews.com lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. Finally, Stifel Nicolaus boosted their price objective on shares of Procter & Gamble from $155.00 to $157.00 and gave the company a “hold” rating in a research report on Wednesday, January 24th. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $169.76.

About Procter & Gamble

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.