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

The Procter & Gamble Company (NYSE:PG - Get Free Report) traded down 1.1% during trading on Thursday following insider selling activity. The company traded as low as $159.05 and last traded at $160.78. 1,429,334 shares were traded during mid-day trading, a decline of 80% from the average session volume of 7,138,002 shares. The stock had previously closed at $162.57.

Specifically, CEO Jennifer L. Davis sold 1,000 shares of the business's stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total value of $161,380.00. Following the completion of the sale, the chief executive officer now directly owns 51,965 shares in the company, valued at approximately $8,386,111.70. The trade was a 1.89 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Analyst Ratings Changes

Several analysts have weighed in on PG shares. Erste Group Bank raised Procter & Gamble from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. Raymond James cut their price objective on Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Truist Financial cut their price objective on Procter & Gamble from $185.00 to $180.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. UBS Group reaffirmed a "buy" rating on shares of Procter & Gamble in a research report on Monday, February 10th. Finally, Wells Fargo & Company lifted their target price on shares of Procter & Gamble from $176.00 to $180.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $179.80.

Procter & Gamble Trading Down 1.3 %

The stock has a fifty day moving average of $167.81 and a 200-day moving average of $168.17. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76. The company has a market cap of $376.31 billion, a PE ratio of 25.56, a PEG ratio of 3.76 and a beta of 0.43.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, topping analysts' consensus estimates of $1.53 by $0.01. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The company had revenue of $19.78 billion during the quarter, compared to analyst estimates of $20.42 billion. During the same period in the prior year, the firm earned $1.52 earnings per share. The firm's revenue for the quarter was down 2.1% compared to the same quarter last year. Sell-side analysts anticipate that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, April 21st will be paid a dividend of $1.0568 per share. The ex-dividend date is Monday, April 21st. This is an increase from Procter & Gamble's previous quarterly dividend of $1.01. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.63%. Procter & Gamble's dividend payout ratio (DPR) is currently 66.98%.

Institutional Trading of Procter & Gamble

Several hedge funds and other institutional investors have recently made changes to their positions in PG. Quest 10 Wealth Builders Inc. boosted its holdings in Procter & Gamble by 50.3% in the first quarter. Quest 10 Wealth Builders Inc. now owns 245 shares of the company's stock worth $42,000 after acquiring an additional 82 shares in the last quarter. Lane & Associates LLC boosted its stake in Procter & Gamble by 24.8% in the 1st quarter. Lane & Associates LLC now owns 17,107 shares of the company's stock worth $2,915,000 after purchasing an additional 3,395 shares in the last quarter. Austin Wealth Management LLC boosted its stake in Procter & Gamble by 7.4% in the 1st quarter. Austin Wealth Management LLC now owns 1,929 shares of the company's stock worth $308,000 after purchasing an additional 133 shares in the last quarter. Callahan Advisors LLC boosted its stake in Procter & Gamble by 10.9% in the 1st quarter. Callahan Advisors LLC now owns 103,980 shares of the company's stock worth $17,720,000 after purchasing an additional 10,247 shares in the last quarter. Finally, SteelPeak Wealth LLC raised its position in Procter & Gamble by 13.2% during the 1st quarter. SteelPeak Wealth LLC now owns 76,562 shares of the company's stock worth $13,048,000 after buying an additional 8,911 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company's stock.

About Procter & Gamble

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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