Procter & Gamble (NYSE:PG) Stock: Insider Andre Schulten Sells 30,677 Shares

Key Points

• CFO Andre Schulten sold 30,677 Procter & Gamble shares at an average of $169, worth about $5.18 million, reducing his holdings by 31.86% to 65,618 shares. He also sold 33,624 shares the previous day.
• P&G beat quarterly expectations, reporting EPS of $2.00 versus the $1.89 consensus and revenue of $23.28 billion, up 4% year over year.
• The company declared a quarterly dividend of $1.0885 per share, equivalent to an annualized yield of about 2.6%; analysts’ average rating was “Moderate Buy,” with an average price target of $170.57.

Procter & Gamble Company (The) (NYSE:PG - Get Free Report) CFO Andre Schulten sold 30,677 shares of the business's stock in a transaction that occurred on Thursday, November 5th. The stock was sold at an average price of $169.00, for a total transaction of $5,184,413.00. Following the completion of the transaction, the chief financial officer owned 65,618 shares in the company, valued at $11,089,442. This trade represents a 31.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Andre Schulten also recently made the following trade(s):

• On Wednesday, November 4th, Andre Schulten sold 33,624 shares of Procter & Gamble stock. The shares were sold at an average price of $165.00, for a total transaction of $5,547,960.00.
• On Monday, October 5th, Andre Schulten sold 3,914 shares of Procter & Gamble stock. The stock was sold at an average price of $145.34, for a total transaction of $568,860.76.

Procter & Gamble Trading Up 1.4%

NYSE PG traded up $2.35 during mid-day trading on Monday, reaching $167.75. 3,556,017 shares of the stock were exchanged, compared to its average volume of 9,748,201. Procter & Gamble Company has a one year low of $137.62 and a one year high of $170.52. The stock has a 50 day simple moving average of $152.01 and a 200-day simple moving average of $149.43. The stock has a market cap of $388.82 billion, a P/E ratio of 25.27, a P/E/G 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 earnings results on Thursday, October 22nd. The company reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.11. The business had revenue of $23.28 billion for the quarter, compared to analyst estimates of $22.80 billion. Procter & Gamble had a net margin of 18.23% and a return on equity of 31.02%. Procter & Gamble's revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.99 earnings per share. On average, analysts anticipate that Procter & Gamble Company will post 6.99 EPS for the current year.

Procter & Gamble Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on PG. UBS Group set a $166.00 target price on shares of Procter & Gamble in a research note on Friday, October 23rd. JPMorgan Chase & Co. raised their price target on shares of Procter & Gamble from $162.00 to $180.00 and gave the company an "overweight" rating in a research report on Friday, October 23rd. The Goldman Sachs Group reissued a "neutral" rating and set a $161.00 price target on shares of Procter & Gamble in a research report on Thursday, October 22nd. TD Cowen boosted their price target on shares of Procter & Gamble from $150.00 to $166.00 and gave the stock a "hold" rating in a report on Friday, October 23rd. Finally, Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $149.00 price objective on shares of Procter & Gamble in a research report on Monday, August 24th. Fifteen investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $170.57.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new position in Procter & Gamble in the 2nd quarter worth $27,862,105,000. State Street Corp increased its stake in shares of Procter & Gamble by 1.0% in the second quarter. State Street Corp now owns 102,216,308 shares of the company's stock worth $14,988,999,000 after buying an additional 965,461 shares during the period. Bank of America Corp DE purchased a new position in shares of Procter & Gamble in the second quarter worth $3,850,628,000. Bank of New York Mellon Corp bought a new stake in Procter & Gamble during the 2nd quarter valued at $2,281,505,000. Finally, Fisher Asset Management LLC boosted its position in Procter & Gamble by 7.5% during the 3rd quarter. Fisher Asset Management LLC now owns 12,084,656 shares of the company's stock valued at $1,755,659,000 after buying an additional 845,717 shares during the period. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Key Procter & Gamble News

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.

Procter & Gamble Company Profile

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