Matthew Janzaruk Sells 359 Shares of Procter & Gamble (NYSE:PG) Stock

Key Points

• Insider sale: Procter & Gamble CAO Matthew Janzaruk sold 359 shares at an average price of $145.24, reducing his direct ownership by 22.02% to 1,271 shares.
• Stock and earnings: PG traded at $146.61, with a market capitalization of roughly $340.8 billion. The company reported quarterly EPS of $1.43, beating estimates, while revenue rose 1.5% year over year but fell short of expectations.
• Dividend and outlook: P&G pays an annualized dividend of $4.35 per share, yielding about 3.0%. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $161.19.

Procter & Gamble Company (The) (NYSE:PG - Get Free Report) CAO Matthew Janzaruk sold 359 shares of the company's stock in a transaction on Monday, August 24th. The shares were sold at an average price of $145.24, for a total value of $52,141.16. Following the completion of the transaction, the chief accounting officer directly owned 1,271 shares in the company, valued at approximately $184,600.04. The trade was a 22.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Procter & Gamble Stock Performance

Procter & Gamble stock traded up $1.93 during trading hours on Monday, hitting $146.61. 6,983,917 shares of the stock traded hands, compared to its average volume of 9,967,860. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.68 and a quick ratio of 0.47. The firm's 50 day moving average price is $147.73 and its 200-day moving average price is $148.66. The stock has a market capitalization of $340.78 billion, a price-to-earnings ratio of 22.15, a P/E/G ratio of 4.46 and a beta of 0.39. Procter & Gamble Company has a 1 year low of $137.62 and a 1 year high of $167.25.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.02. The firm had revenue of $21.20 billion during the quarter, compared to analysts' expectations of $21.38 billion. Procter & Gamble had a return on equity of 31.36% and a net margin of 18.44%.The company's revenue for the quarter was up 1.5% compared to the same quarter last year. 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 analysts expect that Procter & Gamble Company will post 6.98 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

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

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in PG. California State Teachers Retirement System raised its position in shares of Procter & Gamble by 14,323.0% during the 2nd quarter. California State Teachers Retirement System now owns 516,914,798 shares of the company's stock worth $75,800,386,000 after purchasing an additional 513,330,829 shares during the last quarter. Vanguard Group Inc. increased its stake in Procter & Gamble by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 237,459,756 shares of the company's stock worth $34,030,358,000 after buying an additional 2,829,151 shares in the last quarter. BlackRock Inc. acquired a new position in shares of Procter & Gamble during the second quarter valued at approximately $27,862,105,000. State Street Corp lifted its position in shares of Procter & Gamble by 1.0% in the fourth quarter. State Street Corp now owns 101,618,926 shares of the company's stock valued at $14,563,008,000 after acquiring an additional 984,102 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Procter & Gamble by 3.3% in the fourth quarter. Geode Capital Management LLC now owns 62,647,882 shares of the company's stock worth $8,962,689,000 after acquiring an additional 1,974,556 shares during the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Wells Fargo & Company increased their price target on Procter & Gamble from $158.00 to $164.00 and gave the stock an "overweight" rating in a research report on Monday, April 27th. Weiss Ratings reiterated a "hold (c)" rating on shares of Procter & Gamble in a research report on Wednesday, June 24th. Argus lowered Procter & Gamble from a "buy" rating to a "hold" rating in a research report on Friday, August 7th. HSBC reaffirmed a "hold" rating and set a $149.00 price objective (down from $182.00) on shares of Procter & Gamble in a research note on Thursday, July 30th. Finally, Rothschild & Co Redburn decreased their target price on shares of Procter & Gamble from $157.00 to $155.00 and set a "neutral" rating for the company in a research note on Monday, April 27th. Thirteen investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $161.19.

Procter & Gamble Company Profile

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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