Procter & Gamble (NYSE:PG) Shares Down 1.1% After Insider Selling

Key Points

• Procter & Gamble shares fell 1.1% to about $165.31 after several executives disclosed stock sales. CFO Andre Schulten sold 33,624 shares for about $5.55 million, reducing his holding by roughly 34%.
• Analysts maintain a Moderate Buy consensus, with an average price target of $170.57; 15 rate the stock Buy and 11 Hold.
• P&G beat quarterly earnings and revenue estimates, with EPS of $2.00 and revenue of $23.28 billion. It also declared a quarterly dividend of $1.0885 per share, equivalent to an annualized yield of about 2.6%.

Procter & Gamble Company (The) (NYSE:PG - Get Free Report)'s stock price dropped 1.1% during trading on Friday following insider selling activity. The stock traded as low as $162.13 and last traded at $165.3110. 7,859,453 shares changed hands during mid-day trading, a decline of 20% from the average session volume of 9,765,581 shares. The stock had previously closed at $167.10.

Specifically, CFO Andre Schulten sold 33,624 shares of the stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $165.00, for a total value of $5,547,960.00. Following the completion of the sale, the chief financial officer owned 65,618 shares of the company's stock, valued at approximately $10,826,970. This represents a 33.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Matthew Janzaruk sold 9,479 shares of Procter & Gamble stock in a transaction dated Tuesday, November 3rd. The shares were sold at an average price of $163.00, for a total transaction of $1,545,077.00. Following the completion of the transaction, the chief accounting officer directly owned 1,271 shares of the company's stock, valued at approximately $207,173. This trade represents a 88.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In other Procter & Gamble news, CEO Sundar Raman sold 38,253 shares of the business's stock in a transaction that occurred on Friday, October 30th. The stock was sold at an average price of $165.00, for a total transaction of $6,311,745.00. Following the transaction, the chief executive officer owned 47,745 shares of the company's stock, valued at $7,877,925. The trade was a 44.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Analyst Upgrades and Downgrades

PG has been the topic of several research analyst reports. Royal Bank Of Canada set a $169.00 price objective on shares of Procter & Gamble in a research report on Friday, October 23rd. Citigroup lifted their target price on shares of Procter & Gamble from $180.00 to $187.00 and gave the stock a "buy" rating in a report on Friday, October 23rd. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Procter & Gamble in a report on Monday, September 21st. TD Cowen upped their price target on shares of Procter & Gamble from $150.00 to $166.00 and gave the company a "hold" rating in a research note on Friday, October 23rd. Finally, Freedom Broker raised shares of Procter & Gamble from a "hold" rating to a "buy" rating and set a $176.00 price target on the stock in a report on Friday, October 23rd. Fifteen investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $170.57.

Trending Headlines about Procter & Gamble

Here are the key news stories impacting Procter & Gamble this week:

• Positive Sentiment: P&G has raised its dividend for 70 consecutive years. Its quarterly payout is about $1.09 per share, equivalent to an indicated yield of roughly 2.6%, supporting its appeal to income-focused investors. Article: P&G dividend history and yield
• Positive Sentiment: Recent coverage describes investors rotating toward consumer-staples stocks as technology shares weaken. That defensive-sector interest may help underpin demand for P&G, though the comparison with Coca-Cola focuses on income appeal rather than a specific new company catalyst. Article: Coca-Cola versus P&G
• Neutral Sentiment: P&G will webcast its November 19 Investor Day, when executives are expected to discuss strategy and the company’s long-term transformation. Investors may look for more detail on growth plans and execution. Article: P&G Investor Day webcast
• Negative Sentiment: CFO Andre Schulten sold 33,624 shares for about $5.55 million, reducing his direct holding by approximately 34%. Insider sales can raise concerns, although they do not by themselves establish a change in the company’s outlook. Article: CFO share sale
• Negative Sentiment: Zacks Research made mixed earnings-estimate changes, including cuts to several FY2027 and FY2028 quarterly forecasts and a slight reduction to its FY2027 estimate. It raised some later-period estimates, including FY2029, but the nearer-term revisions could temper optimism. Reference: P&G analyst estimates

Procter & Gamble Stock Performance

The company has a 50 day moving average price of $151.56 and a 200-day moving average price of $149.34. The company has a current ratio of 0.72, a quick ratio of 0.53 and a debt-to-equity ratio of 0.40. The company has a market cap of $383.16 billion, a P/E ratio of 24.90, a price-to-earnings-growth ratio of 4.11 and a beta of 0.36.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings data on Thursday, October 22nd. The company reported $2.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.89 by $0.11. The business had revenue of $23.28 billion during the quarter, compared to analysts' expectations of $22.80 billion. Procter & Gamble had a net margin of 18.23% and a return on equity of 31.02%. The firm's quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.99 EPS. On average, equities analysts expect that Procter & Gamble Company will post 6.99 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Friday, October 23rd will be given a dividend of $1.0885 per share. The ex-dividend date is Friday, October 23rd. This represents a $4.35 annualized dividend and a dividend yield of 2.6%. Procter & Gamble's dividend payout ratio is 65.51%.

Institutional Trading of Procter & Gamble

A number of large investors have recently bought and sold shares of the business. Money Concepts Capital Corp increased its position in Procter & Gamble by 5.6% during the 3rd quarter. Money Concepts Capital Corp now owns 64,802 shares of the company's stock valued at $9,415,000 after purchasing an additional 3,418 shares during the period. Allworth Financial LP raised its holdings in shares of Procter & Gamble by 10.5% in the 3rd quarter. Allworth Financial LP now owns 434,448 shares of the company's stock valued at $63,707,000 after purchasing an additional 41,411 shares in the last quarter. Fisher Asset Management LLC lifted its position in shares of Procter & Gamble by 7.5% in the 3rd quarter. Fisher Asset Management LLC now owns 12,084,656 shares of the company's stock worth $1,755,659,000 after purchasing an additional 845,717 shares during the period. Private Advisory Group LLC lifted its position in shares of Procter & Gamble by 10.6% in the 3rd quarter. Private Advisory Group LLC now owns 2,873 shares of the company's stock worth $417,000 after purchasing an additional 275 shares during the period. Finally, Warburton Capital Management LLC bought a new position in Procter & Gamble in the third quarter worth approximately $186,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

About Procter & Gamble

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