Insider Selling: Procter & Gamble (NYSE:PG) Insider Sells $579,473.70 in Stock

Key Points

• Procter & Gamble insider Marc Pritchard sold 4,030 shares for approximately $579,474 to cover tax withholding related to vested equity awards, reducing his direct ownership by 2.11% to 187,001 shares.
• PG shares recently traded at $145.71, near the lower half of their 52-week range, while the company reported quarterly EPS of $1.43—beating estimates—but revenue of $21.20 billion fell short of expectations.
• Procter & Gamble maintains a quarterly dividend of $1.0885, equating to an annualized $4.35 payout and a 3.0% yield. Analysts give the stock a “Moderate Buy” consensus rating with an average price target of $161.19.

Procter & Gamble Company (The) (NYSE:PG - Get Free Report) insider Marc Pritchard sold 4,030 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $143.79, for a total transaction of $579,473.70. Following the transaction, the insider directly owned 187,001 shares of the company's stock, valued at $26,888,873.79. This represents a 2.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Procter & Gamble Stock Performance

Shares of NYSE:PG traded up $1.02 during mid-day trading on Monday, reaching $145.71. The company had a trading volume of 2,139,759 shares, compared to its average volume of 9,938,932. Procter & Gamble Company has a one year low of $137.62 and a one year high of $167.25. The company has a current ratio of 0.68, a quick ratio of 0.47 and a debt-to-equity ratio of 0.43. The company's 50-day moving average price is $147.73 and its 200-day moving average price is $148.66. The firm has a market cap of $338.68 billion, a price-to-earnings ratio of 22.01, a PEG ratio of 4.46 and a beta of 0.39.

Procter & Gamble (NYSE:PG - Get Free Report) last released its earnings results on Wednesday, July 29th. The company reported $1.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.41 by $0.02. The business had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $21.38 billion. Procter & Gamble had a return on equity of 31.36% and a net margin of 18.44%.The business's revenue for the quarter was up 1.5% on a year-over-year basis. During the same period last year, the business posted $1.48 earnings per share. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. As a group, equities research analysts anticipate that Procter & Gamble Company will post 6.98 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Friday, July 24th were issued a $1.0885 dividend. The ex-dividend date of this dividend was Friday, July 24th. This represents a $4.35 annualized dividend and a yield of 3.0%. Procter & Gamble's dividend payout ratio (DPR) is 65.71%.

Institutional Trading of Procter & Gamble

Several institutional investors and hedge funds have recently bought and sold shares of the company. Baxter Bros Inc. purchased a new stake in shares of Procter & Gamble during the second quarter worth approximately $12,381,000. Cibc World Market Inc. lifted its stake in Procter & Gamble by 40.6% in the fourth quarter. Cibc World Market Inc. now owns 511,833 shares of the company's stock worth $73,351,000 after acquiring an additional 147,701 shares during the last quarter. World Investment Advisors grew its holdings in Procter & Gamble by 15.9% during the 4th quarter. World Investment Advisors now owns 105,915 shares of the company's stock worth $15,179,000 after acquiring an additional 14,492 shares in the last quarter. Resources Management Corp CT ADV increased its position in shares of Procter & Gamble by 41.8% in the 4th quarter. Resources Management Corp CT ADV now owns 81,511 shares of the company's stock valued at $11,681,000 after purchasing an additional 24,010 shares during the last quarter. Finally, Indivisible Partners acquired a new stake in shares of Procter & Gamble in the 4th quarter valued at $2,120,000. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on PG shares. Sanford C. Bernstein reiterated a "market perform" rating and issued a $149.00 target price on shares of Procter & Gamble in a research note on Monday. Wells Fargo & Company upped their price target on shares of Procter & Gamble from $158.00 to $164.00 and gave the company an "overweight" rating in a research note on Monday, April 27th. TD Cowen raised their price objective on shares of Procter & Gamble from $142.00 to $150.00 and gave the stock a "hold" rating in a report on Monday, April 27th. Argus cut shares of Procter & Gamble from a "buy" rating to a "hold" rating in a report on Friday, August 7th. Finally, Citigroup dropped their target price on Procter & Gamble from $181.00 to $170.00 and set a "buy" rating on the stock in a research report on Thursday, July 30th. Thirteen analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $161.19.

About Procter & Gamble

Procter & Gamble NYSE: PG is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world's largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G's product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.

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