Procter & Gamble (NYSE:PG) CEO Sells $538,133.05 in Stock

Key Points

• Procter & Gamble's CEO, Gary Coombe, sold 3,535 shares of company stock for a total of $538,133.05, reducing his ownership by 9.22% to approximately $5.3 million.
• The company reported $1.48 earnings per share for its last quarter, surpassing analysts' expectations by $0.06, with revenue of $20.89 billion.
• Procter & Gamble has announced a quarterly dividend of $1.0568 per share, representing an annualized yield of 2.8%.

Procter & Gamble Company (The) (NYSE:PG - Get Free Report) CEO Gary Coombe sold 3,535 shares of the firm's stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total transaction of $538,133.05. Following the completion of the transaction, the chief executive officer directly owned 34,816 shares in the company, valued at approximately $5,300,039.68. The trade was a 9.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Procter & Gamble Stock Down 1.1%

PG traded down $1.61 during trading on Monday, hitting $150.66. The company had a trading volume of 3,755,593 shares, compared to its average volume of 7,930,397. The company has a quick ratio of 0.49, a current ratio of 0.70 and a debt-to-equity ratio of 0.49. Procter & Gamble Company has a one year low of $149.91 and a one year high of $180.43. The firm's 50-day moving average price is $155.51 and its 200 day moving average price is $159.95. The company has a market capitalization of $352.62 billion, a PE ratio of 23.15, a PEG ratio of 4.02 and a beta of 0.36.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.06. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The company had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.79 billion. During the same period in the previous year, the business earned $1.40 EPS. Procter & Gamble's revenue for the quarter was up 1.7% compared to the same quarter last year. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. As a group, equities analysts expect that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, July 18th were paid a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Friday, July 18th. Procter & Gamble's dividend payout ratio (DPR) is currently 64.82%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on PG. Weiss Ratings reissued a "hold (c+)" rating on shares of Procter & Gamble in a research report on Saturday, September 27th. Barclays cut their price target on shares of Procter & Gamble from $164.00 to $153.00 and set an "equal weight" rating on the stock in a report on Wednesday, October 1st. Evercore ISI reissued an "in-line" rating and set a $170.00 price target (down from $190.00) on shares of Procter & Gamble in a research report on Monday, July 14th. JPMorgan Chase & Co. restated a "neutral" rating and set a $170.00 target price (down from $178.00) on shares of Procter & Gamble in a research report on Friday, July 25th. Finally, Wells Fargo & Company lowered their price target on shares of Procter & Gamble from $173.00 to $170.00 and set an "overweight" rating on the stock in a report on Thursday, September 25th. Eleven analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $173.11.

Institutional Investors Weigh In On Procter & Gamble

Hedge funds have recently modified their holdings of the company. Stableford Capital II LLC raised its holdings in Procter & Gamble by 1.1% in the first quarter. Stableford Capital II LLC now owns 5,817 shares of the company's stock valued at $993,000 after acquiring an additional 61 shares in the last quarter. Bernard Wealth Management Corp. increased its holdings in shares of Procter & Gamble by 20.2% in the 1st quarter. Bernard Wealth Management Corp. now owns 375 shares of the company's stock valued at $64,000 after acquiring an additional 63 shares during the period. B & T Capital Management DBA Alpha Capital Management increased its holdings in shares of Procter & Gamble by 2.3% in the 1st quarter. B & T Capital Management DBA Alpha Capital Management now owns 2,795 shares of the company's stock valued at $476,000 after acquiring an additional 63 shares during the period. Private Management Group Inc. grew its position in Procter & Gamble by 4.8% in the 1st quarter. Private Management Group Inc. now owns 1,384 shares of the company's stock valued at $236,000 after buying an additional 64 shares during the last quarter. Finally, Lantz Financial LLC grew its position in Procter & Gamble by 1.2% in the 2nd quarter. Lantz Financial LLC now owns 5,237 shares of the company's stock valued at $834,000 after buying an additional 64 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company's stock.

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.

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