The Procter & Gamble Company (NYSE:PG) Insider Marc S. Pritchard Sells 90,450 Shares

The Procter & Gamble Company (NYSE:PG - Get Free Report) insider Marc S. Pritchard sold 90,450 shares of the company's stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the sale, the insider now directly owns 172,814 shares of the company's stock, valued at approximately $28,313,845.76. This represents a 34.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Procter & Gamble Stock Up 3.3 %

PG traded up $5.45 during trading on Monday, reaching $169.57. The company had a trading volume of 9,169,629 shares, compared to its average volume of 7,839,583. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.76 and a quick ratio of 0.55. The Procter & Gamble Company has a 12 month low of $153.52 and a 12 month high of $180.43. The business's fifty day moving average price is $168.85 and its 200 day moving average price is $169.39. The company has a market cap of $399.34 billion, a P/E ratio of 27.00, a PEG ratio of 3.69 and a beta of 0.45.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.86 by $0.02. Procter & Gamble had a net margin of 18.35% and a return on equity of 32.88%. The company had revenue of $21.88 billion for the quarter, compared to the consensus estimate of $21,657,595.49 billion. During the same period last year, the company earned $1.84 earnings per share. The firm's revenue was up 2.1% compared to the same quarter last year. Equities analysts anticipate that The Procter & Gamble Company will post 6.94 EPS for the current year.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 24th will be issued a dividend of $1.0065 per share. The ex-dividend date of this dividend is Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a yield of 2.37%. Procter & Gamble's payout ratio is 64.17%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on PG shares. DA Davidson restated a "buy" rating and issued a $209.00 price objective on shares of Procter & Gamble in a research note on Thursday. UBS Group dropped their price objective on shares of Procter & Gamble from $196.00 to $189.00 and set a "buy" rating for the company in a research note on Thursday, January 16th. Royal Bank of Canada restated a "sector perform" rating and issued a $164.00 price objective on shares of Procter & Gamble in a research note on Thursday. Stifel Nicolaus increased their price objective on shares of Procter & Gamble from $161.00 to $165.00 and gave the company a "hold" rating in a research note on Thursday. Finally, Morgan Stanley increased their price objective on shares of Procter & Gamble from $174.00 to $191.00 and gave the company an "overweight" rating in a research note on Monday, October 21st. Eight equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Procter & Gamble currently has a consensus rating of "Moderate Buy" and an average target price of $180.53.

Hedge Funds Weigh In On Procter & Gamble

Institutional investors have recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC bought a new position in Procter & Gamble during the third quarter worth $33,000. Bay Harbor Wealth Management LLC boosted its position in Procter & Gamble by 972.0% during the fourth quarter. Bay Harbor Wealth Management LLC now owns 268 shares of the company's stock worth $45,000 after purchasing an additional 243 shares during the period. New Wave Wealth Advisors LLC bought a new position in Procter & Gamble during the fourth quarter worth $46,000. Costello Asset Management INC boosted its position in Procter & Gamble by 2,142.9% during the third quarter. Costello Asset Management INC now owns 314 shares of the company's stock worth $54,000 after purchasing an additional 300 shares during the period. Finally, William B. Walkup & Associates Inc. bought a new position in Procter & Gamble during the second quarter worth $58,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

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.