Procter & Gamble (NYSE:PG) Stock Price Down 0.1% After Insider Selling

The Procter & Gamble Company (NYSE:PG - Get Free Report)'s stock price fell 0.1% on Wednesday after an insider sold shares in the company. The stock traded as low as $162.22 and last traded at $163.08. 1,647,706 shares traded hands during trading, a decline of 76% from the average session volume of 6,877,036 shares. The stock had previously closed at $163.20.

Specifically, insider Susan Street Whaley sold 3,865 shares of the business's stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $160.60, for a total transaction of $620,719.00. Following the transaction, the insider now owns 11,886 shares in the company, valued at $1,908,891.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Procter & Gamble news, insider Susan Street Whaley sold 3,865 shares of the firm's stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $160.60, for a total transaction of $620,719.00. Following the completion of the transaction, the insider now owns 11,886 shares of the company's stock, valued at $1,908,891.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO R. Alexandra Keith sold 776 shares of the business's stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $158.11, for a total transaction of $122,693.36. Following the sale, the chief executive officer now directly owns 4,859 shares in the company, valued at approximately $768,256.49. The disclosure for this sale can be found here. Insiders have sold a total of 86,865 shares of company stock worth $14,059,180 over the last quarter. Corporate insiders own 0.17% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on PG shares. UBS Group increased their price objective 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. Truist Financial raised Procter & Gamble from a "hold" rating to a "buy" rating and lifted their target price for the stock from $160.00 to $175.00 in a report on Monday, March 11th. Royal Bank of Canada upped their price target on Procter & Gamble from $156.00 to $157.00 and gave the company a "sector perform" rating in a report on Wednesday, January 24th. Argus lifted their price target on shares of Procter & Gamble from $180.00 to $185.00 and gave the stock a "buy" rating in a research note on Thursday, April 25th. Finally, JPMorgan Chase & Co. cut their target price on shares of Procter & Gamble from $169.00 to $162.00 and set an "overweight" rating for the company in a research report on Thursday, January 18th. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $169.76.

Procter & Gamble Stock Performance

The company has a quick ratio of 0.48, a current ratio of 0.69 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $385.60 billion, a PE ratio of 26.70, a PEG ratio of 3.28 and a beta of 0.44. The firm has a 50-day moving average of $159.88 and a two-hundred day moving average of $153.97.

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

Procter & Gamble Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, April 19th will be issued a $1.0065 dividend. This represents a $4.03 annualized dividend and a yield of 2.46%. The ex-dividend date of this dividend is Thursday, April 18th. This is a positive change from Procter & Gamble's previous quarterly dividend of $0.94. Procter & Gamble's payout ratio is presently 65.85%.

Hedge Funds Weigh In On Procter & Gamble

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Advantage Trust Co acquired a new position in Procter & Gamble in the 4th quarter valued at $28,000. Wyrmwood Management LLC acquired a new stake in shares of Procter & Gamble in the fourth quarter valued at about $29,000. Naples Money Management LLC purchased a new position in shares of Procter & Gamble in the fourth quarter worth about $29,000. Transcendent Capital Group LLC purchased a new stake in Procter & Gamble during the 4th quarter valued at about $31,000. Finally, Criterion Capital Advisors LLC purchased a new position in Procter & Gamble in the 4th quarter worth approximately $33,000. 65.77% of the stock is owned by hedge funds and other institutional investors.

About Procter & Gamble

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.