Insider Selling: Procter & Gamble (NYSE:PG) CEO Sells $379,057.50 in Stock

Key Points

• CEO El Hak Hesham Abd sold 2,250 Procter & Gamble shares at an average $168.47, totaling $379,057.50. The sale reduced his holdings by 20.06% to 8,968 shares.
• In its latest quarter, P&G reported EPS of $2.00, beating the $1.89 analyst consensus, and revenue of $23.28 billion, up 4% year over year.
• P&G’s quarterly dividend is $1.0885 per share, equivalent to an annualized $4.35 and a 2.6% yield; analysts give the stock a “Moderate Buy” consensus rating.

Procter & Gamble Company (The) (NYSE:PG - Get Free Report) CEO El Hak Hesham Abd sold 2,250 shares of the business's stock in a transaction on Thursday, November 12th. The shares were sold at an average price of $168.47, for a total value of $379,057.50. Following the completion of the sale, the chief executive officer owned 8,968 shares of the company's stock, valued at $1,510,838.96. This trade represents a 20.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Procter & Gamble Stock Performance

PG stock traded up $0.35 during trading hours on Thursday, hitting $168.02. 7,165,829 shares of the stock were exchanged, compared to its average volume of 9,746,771. Procter & Gamble Company has a 12 month low of $137.62 and a 12 month high of $170.52. The company has a current ratio of 0.72, a quick ratio of 0.53 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $389.43 billion, a P/E ratio of 25.30, a P/E/G ratio of 4.15 and a beta of 0.36. The company has a 50-day simple moving average of $153.80 and a two-hundred day simple moving average of $149.82.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its earnings results on Thursday, October 22nd. The company reported $2.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.89 by $0.11. Procter & Gamble had a net margin of 18.23% and a return on equity of 31.02%. The company had revenue of $23.28 billion during the quarter, compared to analysts' expectations of $22.80 billion. During the same quarter in the previous year, the business posted $1.99 earnings per share. Procter & Gamble's quarterly revenue was up 4.0% on a year-over-year basis. On average, analysts forecast that Procter & Gamble Company will post 6.99 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Friday, October 23rd will be issued 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 yield of 2.6%. Procter & Gamble's payout ratio is currently 65.51%.

Institutional Trading of Procter & Gamble

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Baxter Bros Inc. acquired a new position in shares of Procter & Gamble during the second quarter worth $12,381,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of Procter & Gamble by 11.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 305,774 shares of the company's stock valued at $44,016,000 after acquiring an additional 32,100 shares in the last quarter. Empowered Funds LLC acquired a new stake in shares of Procter & Gamble during the 2nd quarter valued at $53,549,000. Capstone Capital Management Ltd bought a new stake in Procter & Gamble during the 3rd quarter worth $991,000. Finally, Bank of America Corp DE bought a new stake in Procter & Gamble during the 2nd quarter worth $3,850,628,000. Institutional investors own 65.77% of the company's stock.

Latest Procter & Gamble News

Here's some of the latest news about PG:

• Positive Sentiment: A bullish dividend-focused article highlights PG’s 70 consecutive years of dividend increases and a recently reported yield of about 2.6%, reinforcing its appeal to income-oriented investors. Article: Procter & Gamble Has Raised Its Dividend for 70 Straight Years
• Neutral Sentiment: A valuation discussion asks whether PG’s share price—about $167.67 in the article—is justified by expected future cash generation; the available summary does not provide its DCF conclusion. Article: Is Procter & Gamble Worth More Than Its Price Today?
• Negative Sentiment: One investor quoted in a market article favored Nvidia over PG, describing PG at roughly 23 times earnings as less attractive by comparison. This highlights a potential valuation and opportunity-cost concern, rather than new negative company-specific news. Article: Nvidia at 11X Earnings?

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. BNP Paribas Exane lifted their price target on shares of Procter & Gamble from $177.00 to $189.00 and gave the company an "outperform" rating in a research report on Friday, October 23rd. DZ Bank downgraded Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, October 27th. TD Cowen raised their price objective on Procter & Gamble from $150.00 to $166.00 and gave the stock a "hold" rating in a research note on Friday, October 23rd. Freedom Broker upgraded Procter & Gamble from a "hold" rating to a "buy" rating and set a $176.00 price objective on the stock in a research note on Friday, October 23rd. Finally, Deutsche Bank reaffirmed a "buy" rating on shares of Procter & Gamble in a report on Friday, October 23rd. Fifteen research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, Procter & Gamble has an average rating of "Moderate Buy" and an average price target of $170.57.

About Procter & Gamble

The Procter & Gamble Company is a consumer goods company that develops, manufactures and markets products for everyday use. Founded in 1837 by William Procter and James Gamble, the company is headquartered in Cincinnati, Ohio. Its products span beauty, grooming, health care, fabric and home care, and baby, feminine and family care. Well-known brands include Tide, Pampers, Gillette, Pantene, Olay, Oral-B, Crest, Dawn, Charmin and Bounty. Procter & Gamble sells its products in markets around the world through retail stores, e-commerce platforms and other distribution channels.

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