The Procter & Gamble Company (NYSE:PG) COO Shailesh Jejurikar Sells 31,859 Shares

The Procter & Gamble Company (NYSE:PG - Get Free Report) COO Shailesh Jejurikar sold 31,859 shares of the firm's stock in a transaction on Monday, May 6th. The stock was sold at an average price of $164.90, for a total transaction of $5,253,549.10. Following the completion of the sale, the chief operating officer now owns 9,739 shares in the company, valued at $1,605,961.10. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Shailesh Jejurikar also recently made the following trade(s):

• On Tuesday, April 30th, Shailesh Jejurikar sold 31,000 shares of Procter & Gamble stock. The shares were sold at an average price of $162.90, for a total transaction of $5,049,900.00.

Procter & Gamble Trading Up 0.8 %

Shares of PG traded up $1.32 on Tuesday, reaching $165.76. 6,374,243 shares of the company's stock were exchanged, compared to its average volume of 6,896,868. The business has a 50 day moving average price of $160.23 and a two-hundred day moving average price of $154.49. The Procter & Gamble Company has a 12 month low of $141.45 and a 12 month high of $166.04. The stock has a market capitalization of $391.22 billion, a P/E ratio of 27.09, a price-to-earnings-growth ratio of 3.34 and a beta of 0.43. The company has a current ratio of 0.69, a quick ratio of 0.48 and a debt-to-equity ratio of 0.49.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings results on Friday, April 19th. The company reported $1.52 earnings per share for the quarter, beating analysts' consensus estimates of $1.42 by $0.10. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The company had revenue of $20.20 billion for the quarter, compared to the consensus estimate of $20.43 billion. During the same quarter in the prior year, the business posted $1.37 EPS. The firm's quarterly revenue was up .6% on a year-over-year basis. Research analysts anticipate that The Procter & Gamble Company will post 6.55 earnings per share for the current year.

Procter & Gamble Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, April 19th will be given a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.43%. This is an increase from Procter & Gamble's previous quarterly dividend of $0.94. The ex-dividend date of this dividend is Thursday, April 18th. Procter & Gamble's dividend payout ratio (DPR) is currently 65.85%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of PG. Demars Financial Group LLC lifted its stake in Procter & Gamble by 4.4% in the 4th quarter. Demars Financial Group LLC now owns 1,497 shares of the company's stock valued at $219,000 after buying an additional 63 shares in the last quarter. LCM Capital Management Inc increased its holdings in Procter & Gamble by 1.1% in the 1st quarter. LCM Capital Management Inc now owns 5,701 shares of the company's stock valued at $925,000 after purchasing an additional 63 shares in the last quarter. Emerald Advisors LLC increased its holdings in Procter & Gamble by 1.8% in the 4th quarter. Emerald Advisors LLC now owns 3,775 shares of the company's stock valued at $553,000 after purchasing an additional 65 shares in the last quarter. O Brien Wealth Partners LLC grew its stake in shares of Procter & Gamble by 3.3% during the fourth quarter. O Brien Wealth Partners LLC now owns 2,062 shares of the company's stock valued at $302,000 after acquiring an additional 65 shares in the last quarter. Finally, Mechanics Financial Corp grew its stake in shares of Procter & Gamble by 0.4% during the fourth quarter. Mechanics Financial Corp now owns 16,184 shares of the company's stock valued at $2,372,000 after acquiring an additional 65 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Truist Financial upgraded shares of Procter & Gamble from a "hold" rating to a "buy" rating and lifted their target price for the company from $160.00 to $175.00 in a research report on Monday, March 11th. Jefferies Financial Group lifted their target price on shares of Procter & Gamble from $175.00 to $182.00 and gave the company a "buy" rating in a research report on Monday, April 22nd. Royal Bank of Canada boosted their price target on shares of Procter & Gamble from $156.00 to $157.00 and gave the company a "sector perform" rating in a research report on Wednesday, January 24th. The Goldman Sachs Group initiated coverage on shares of Procter & Gamble in a research report on Friday, March 1st. They issued a "neutral" rating and a $168.00 price target on the stock. Finally, UBS Group boosted their price target on shares of Procter & Gamble from $172.00 to $178.00 and gave the company a "buy" rating in a research report on Wednesday, January 24th. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $169.76.

Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.