Insider Selling: Procter & Gamble (NYSE:PG) Insider Sells 490 Shares of Stock

Key Points

• Procter & Gamble insider Balaji Purushothaman sold 490 shares at an average price of $152.23, reducing his ownership by 3.74%.
• The company's recent quarterly earnings report showed an EPS of $1.48, exceeding analysts' expectations, with revenue of $20.89 billion.
• Procter & Gamble has declared a quarterly dividend of $1.0568, contributing to an annualized dividend yield of 2.8%.

Procter & Gamble Company (The) (NYSE:PG - Get Free Report) insider Balaji Purushothaman sold 490 shares of the stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total transaction of $74,592.70. Following the transaction, the insider directly owned 12,616 shares in the company, valued at approximately $1,920,533.68. This represents a 3.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Balaji Purushothaman also recently made the following trade(s):

• On Tuesday, August 19th, Balaji Purushothaman sold 606 shares of Procter & Gamble stock. The shares were sold at an average price of $157.27, for a total transaction of $95,305.62.

Procter & Gamble Trading Down 1.1%

Shares of PG traded down $1.61 during trading hours on Monday, hitting $150.66. The company had a trading volume of 3,755,593 shares, compared to its average volume of 7,930,397. The company has a quick ratio of 0.49, a current ratio of 0.70 and a debt-to-equity ratio of 0.49. Procter & Gamble Company has a 52-week low of $149.91 and a 52-week high of $180.43. The firm has a market cap of $352.62 billion, a P/E ratio of 23.15, a P/E/G ratio of 4.02 and a beta of 0.36. The stock's 50 day moving average price is $155.51 and its 200 day moving average price is $159.95.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, beating analysts' consensus estimates of $1.42 by $0.06. The company had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.79 billion. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The firm's revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.40 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. On average, research analysts predict that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, July 18th were paid a $1.0568 dividend. This represents a $4.23 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Friday, July 18th. Procter & Gamble's dividend payout ratio is presently 64.82%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on PG shares. BNP Paribas reissued an "outperform" rating and issued a $177.00 target price on shares of Procter & Gamble in a research note on Friday, August 15th. BNP Paribas Exane reduced their price target on Procter & Gamble from $177.00 to $172.00 and set an "outperform" rating for the company in a research report on Tuesday, September 23rd. Evercore ISI reissued an "in-line" rating and set a $170.00 target price (down previously from $190.00) on shares of Procter & Gamble in a research note on Monday, July 14th. JPMorgan Chase & Co. restated a "neutral" rating and set a $170.00 price objective (down previously from $178.00) on shares of Procter & Gamble in a research report on Friday, July 25th. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of Procter & Gamble in a research note on Saturday, September 27th. Eleven equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, Procter & Gamble has an average rating of "Moderate Buy" and an average price target of $173.11.

Hedge Funds Weigh In On Procter & Gamble

A number of institutional investors have recently modified their holdings of the stock. Nova Wealth Management Inc. bought a new stake in Procter & Gamble during the 1st quarter valued at $26,000. Signature Resources Capital Management LLC raised its holdings in shares of Procter & Gamble by 67.9% in the second quarter. Signature Resources Capital Management LLC now owns 178 shares of the company's stock valued at $28,000 after acquiring an additional 72 shares in the last quarter. Quarry LP bought a new position in shares of Procter & Gamble during the first quarter valued at approximately $33,000. Mizuho Securities Co. Ltd. increased its holdings in Procter & Gamble by 566.7% during the first quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company's stock valued at $34,000 after buying an additional 170 shares during the period. Finally, Mid American Wealth Advisory Group Inc. purchased a new stake in Procter & Gamble during the second quarter worth $34,000. 65.77% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Company Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.

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