Procter & Gamble (NYSE:PG) CEO De Azevedo Juliana Mont Santos Sells 5,370 Shares of Company Stock

Key Points

• P&G’s CEO sold 5,370 shares at an average price of $169, for $907,530. After the sale, the CEO retained 21,361 shares, a 20.09% reduction in their position.
• The company reported quarterly earnings of $2.00 per share, beating the $1.89 consensus estimate, while revenue of $23.28 billion also exceeded expectations and rose 4% year over year.
• P&G declared a quarterly dividend of $1.0885 per share, equivalent to an annualized yield of about 2.6%. Analysts’ consensus rating was “Moderate Buy,” with an average price target of $170.57.

Procter & Gamble Company (The) (NYSE:PG - Get Free Report) CEO De Azevedo Juliana Mont Santos sold 5,370 shares of the firm's stock in a transaction that occurred on Thursday, November 5th. The shares were sold at an average price of $169.00, for a total transaction of $907,530.00. Following the completion of the sale, the chief executive officer owned 21,361 shares in the company, valued at $3,610,009. This represents a 20.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Procter & Gamble Price Performance

Shares of NYSE PG traded up $2.35 during mid-day trading on Monday, hitting $167.75. 3,556,017 shares of the stock traded hands, compared to its average volume of 9,748,201. The firm has a 50 day simple moving average of $152.01 and a two-hundred day simple moving average of $149.43. Procter & Gamble Company has a twelve month low of $137.62 and a twelve month high of $170.52. The company has a market cap of $388.82 billion, a PE ratio of 25.27, a price-to-earnings-growth ratio of 4.07 and a beta of 0.36. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.72 and a quick ratio of 0.53.

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

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Friday, October 23rd will be issued a dividend of $1.0885 per share. This represents a $4.35 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Friday, October 23rd. Procter & Gamble's payout ratio is 65.51%.

Key Stories Impacting Procter & Gamble

Here are the key news stories impacting Procter & Gamble this week:

• Positive Sentiment: A recent article notes that P&G has raised its dividend for 70 consecutive years and currently pays $1.0885 per quarter, emphasizing the resilience of its payout through past recessions. This may reinforce PG’s defensive, income-stock appeal, though it is not a new dividend announcement. Read More.
• Neutral Sentiment: PG is receiving elevated investor attention, according to Zacks, but the article does not provide a new company-specific catalyst or recommendation. Read More.
• Negative Sentiment: P&G’s CFO reportedly sold about $5.55 million in company stock. Insider sales can weigh on sentiment, although the report does not establish the reason for the sale. Read More.
• Negative Sentiment: Zacks Research reportedly expects weaker earnings for P&G, a potential concern for investors if it signals pressure on future results. Read More.
• Negative Sentiment: In a challenge brought by P&G, the National Advertising Division found Unilever’s challenged Dove body-wash moisturizing claims supported. This is an unfavorable outcome in a competitive advertising dispute, though the article does not indicate a material financial impact. Read More.

Institutional Investors Weigh In On Procter & Gamble

Hedge funds and other institutional investors have recently modified their holdings of the company. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Procter & Gamble in the 2nd quarter valued at about $26,000. Montgomery Financial Services LLC purchased a new position in Procter & Gamble during the 2nd quarter worth approximately $28,000. Paladin Partners LLC purchased a new position in Procter & Gamble during the 2nd quarter worth approximately $29,000. Toews Corp ADV acquired a new position in Procter & Gamble during the second quarter worth approximately $37,000. Finally, Evergreen Advisors LLC acquired a new position in Procter & Gamble during the first quarter worth approximately $37,000. Institutional investors own 65.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on PG. Freedom Broker upgraded Procter & Gamble from a "hold" rating to a "buy" rating and set a $176.00 target price on the stock in a report on Friday, October 23rd. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Procter & Gamble in a research note on Friday, October 23rd. Royal Bank Of Canada set a $169.00 price target on shares of Procter & Gamble in a research report on Friday, October 23rd. UBS Group set a $166.00 price objective on Procter & Gamble in a research report on Friday, October 23rd. Finally, TD Cowen increased their price target on Procter & Gamble from $150.00 to $166.00 and gave the stock a "hold" rating in a report on Friday, October 23rd. Fifteen investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company's stock. According to MarketBeat, Procter & Gamble currently has an average rating of "Moderate Buy" and a consensus price target of $170.57.

Procter & Gamble Company Profile

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