Procter & Gamble (NYSE:PG) Stock: Insider Shailesh Jejurikar Sells 35,000 Shares

Key Points

• CEO Shailesh Jejurikar sold 35,000 Procter & Gamble shares at an average price of $163.09, generating approximately $5.71 million and reducing his ownership by 38.72%.
• Procter & Gamble exceeded quarterly expectations, reporting $2.00 in earnings per share 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, equivalent to an annualized $4.35 and a 2.7% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $170.57.

Procter & Gamble Company (The) (NYSE:PG - Get Free Report) CEO Shailesh Jejurikar sold 35,000 shares of the stock in a transaction that occurred on Friday, October 23rd. The stock was sold at an average price of $163.09, for a total transaction of $5,708,150.00. Following the sale, the chief executive officer owned 55,391 shares in the company, valued at approximately $9,033,718.19. This trade represents a 38.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Procter & Gamble Stock Down 0.7%

PG traded down $1.06 on Monday, hitting $159.96. 8,879,418 shares of the company were exchanged, compared to its average volume of 9,763,012. The firm has a 50-day moving average price of $148.41 and a two-hundred day moving average price of $147.12. 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 company has a market cap of $370.75 billion, a price-to-earnings ratio of 24.09, a price-to-earnings-growth ratio of 4.00 and a beta of 0.39. Procter & Gamble Company has a twelve month low of $137.62 and a twelve month high of $167.25.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its earnings results on Thursday, October 22nd. The company reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.11. Procter & Gamble had a net margin of 18.23% and a return on equity of 31.02%. The firm had revenue of $23.28 billion for the quarter, compared to analysts' expectations of $22.80 billion. During the same quarter last year, the company earned $1.99 earnings per share. The firm's revenue was up 4.0% compared to the same quarter last year. On average, equities analysts predict that Procter & Gamble Company will post 6.98 earnings per share for the current year.

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Friday, October 23rd will be issued a $1.0885 dividend. The ex-dividend date is Friday, October 23rd. This represents a $4.35 dividend on an annualized basis and a dividend yield of 2.7%. Procter & Gamble's dividend payout ratio is presently 65.51%.

More Procter & Gamble News

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

• Positive Sentiment: Analysts remain bullish on Procter & Gamble, with JPMorgan raising its price target and TD Cowen, BNP Paribas Exane, and Citigroup forecasting additional upside. Freedom Broker also upgraded the stock to Buy. JPMorgan price target article
• Positive Sentiment: Investment commentary highlights PG as a relatively defensive, high-yield dividend stock. Its leading household-product brands and strong market shares may provide resilience during economic uncertainty, making it attractive to income-focused and retirement investors. High-yield dividend stock article
• Positive Sentiment: A comparison with Colgate-Palmolive notes that both companies recently raised dividends and exceeded earnings expectations, reinforcing PG’s appeal as a dependable consumer-staples holding. PG versus Colgate-Palmolive article
• Neutral Sentiment: Articles comparing dividend stocks with TIPS and Treasury bills point out that PG offers potential dividend growth and equity appreciation, but its income is subject to market volatility and business risk. TIPS versus dividend stocks article
• Negative Sentiment: Two insiders reported selling shares: CEO Paul Gama sold 4,331 shares for about $698,000, while Balaji Purushothaman sold 4,181 shares for approximately $672,000. Although insiders retained substantial holdings, the transactions could create modest near-term selling pressure. CEO insider sale filing

Wall Street Analyst Weigh In

Several research firms recently weighed in on PG. The Goldman Sachs Group restated a "neutral" rating and set a $161.00 target price on shares of Procter & Gamble in a research note on Thursday. Barclays increased their price target on shares of Procter & Gamble from $152.00 to $165.00 and gave the company an "equal weight" rating in a research note on Monday. JPMorgan Chase & Co. raised their price objective on shares of Procter & Gamble from $162.00 to $180.00 and gave the stock an "overweight" rating in a report on Friday. Royal Bank Of Canada set a $169.00 target price on shares of Procter & Gamble in a report on Friday. Finally, Freedom Broker upgraded shares of Procter & Gamble from a "hold" rating to a "buy" rating and set a $176.00 target price for the company in a report on Friday. Fifteen investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $170.57.

Hedge Funds Weigh In On Procter & Gamble

A number of hedge funds have recently modified their holdings of the business. AGH Wealth Advisors LLC increased its holdings in shares of Procter & Gamble by 2.7% in the 3rd quarter. AGH Wealth Advisors LLC now owns 2,787 shares of the company's stock valued at $405,000 after acquiring an additional 73 shares during the period. Flagship Harbor Advisors LLC boosted its stake in Procter & Gamble by 4.0% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 42,869 shares of the company's stock worth $6,228,000 after purchasing an additional 1,652 shares during the period. apricus wealth LLC boosted its stake in Procter & Gamble by 12.4% during the 3rd quarter. apricus wealth LLC now owns 2,720 shares of the company's stock worth $395,000 after purchasing an additional 300 shares during the period. Westover Capital Advisors LLC purchased a new position in Procter & Gamble during the 3rd quarter worth $289,000. Finally, Peterson Wealth Services grew its position in Procter & Gamble by 42.8% during the 3rd quarter. Peterson Wealth Services now owns 2,000 shares of the company's stock worth $291,000 after purchasing an additional 599 shares during the last quarter. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Procter & Gamble Company Profile

Procter & Gamble Company NYSE: PG is a global consumer products company that develops, manufactures and markets branded products used in households and personal care. Its portfolio includes personal health and grooming products, beauty and skin care items, baby, feminine and family care products, fabric and home care products, and oral care products.

The company's well-known brands include Pampers, Tide, Gillette, Crest, Oral-B, Head & Shoulders, Pantene, Olay, Old Spice, Dawn, Febreze and Mr.

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