Jennifer L. Davis Sells 1,000 Shares of The Procter & Gamble Company (NYSE:PG) Stock

The Procter & Gamble Company (NYSE:PG - Get Free Report) CEO Jennifer L. Davis sold 1,000 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total value of $161,380.00. Following the completion of the transaction, the chief executive officer now directly owns 51,965 shares in the company, valued at approximately $8,386,111.70. This represents a 1.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Procter & Gamble Price Performance

PG traded up $0.30 during midday trading on Friday, hitting $160.28. The company had a trading volume of 2,245,194 shares, compared to its average volume of 8,305,495. The Procter & Gamble Company has a twelve month low of $156.58 and a twelve month high of $180.43. The company has a market capitalization of $375.78 billion, a PE ratio of 25.52, a P/E/G ratio of 3.76 and a beta of 0.43. 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 firm's 50-day simple moving average is $167.61 and its 200-day simple moving average is $168.08.

Procter & Gamble (NYSE:PG - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.53 by $0.01. The company had revenue of $19.78 billion during the quarter, compared to analysts' expectations of $20.42 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The business's revenue for the quarter was down 2.1% on a year-over-year basis. During the same period last year, the firm earned $1.52 EPS. Equities research analysts predict that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, April 21st will be paid a $1.0568 dividend. The ex-dividend date is Monday, April 21st. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.64%. This is an increase from Procter & Gamble's previous quarterly dividend of $1.01. Procter & Gamble's dividend payout ratio is 66.98%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. UBS Group restated a "buy" rating on shares of Procter & Gamble in a research note on Monday, February 10th. Morgan Stanley set a $180.00 target price on Procter & Gamble and gave the stock an "overweight" rating in a research report on Friday, April 25th. Bank of America lowered their price target on shares of Procter & Gamble from $190.00 to $180.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Truist Financial reduced their price objective on shares of Procter & Gamble from $185.00 to $180.00 and set a "buy" rating for the company in a report on Friday, April 25th. Finally, Erste Group Bank cut shares of Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, seven have given a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $179.80.

Institutional Investors Weigh In On Procter & Gamble

A number of institutional investors have recently made changes to their positions in the stock. PAX Financial Group LLC lifted its stake in Procter & Gamble by 23.1% in the first quarter. PAX Financial Group LLC now owns 2,761 shares of the company's stock valued at $471,000 after buying an additional 518 shares during the period. Wealthfront Advisers LLC increased its stake in shares of Procter & Gamble by 4.4% in the 1st quarter. Wealthfront Advisers LLC now owns 226,574 shares of the company's stock valued at $38,613,000 after acquiring an additional 9,645 shares during the last quarter. Mosaic Family Wealth Partners LLC raised its position in shares of Procter & Gamble by 1.6% in the 1st quarter. Mosaic Family Wealth Partners LLC now owns 8,834 shares of the company's stock valued at $1,506,000 after acquiring an additional 135 shares during the period. Pinkerton Retirement Specialists LLC boosted its stake in Procter & Gamble by 5.2% during the 1st quarter. Pinkerton Retirement Specialists LLC now owns 27,084 shares of the company's stock worth $4,616,000 after acquiring an additional 1,339 shares during the last quarter. Finally, Patrick Mauro Investment Advisor INC. grew its holdings in Procter & Gamble by 0.5% during the first quarter. Patrick Mauro Investment Advisor INC. now owns 29,444 shares of the company's stock valued at $5,018,000 after purchasing an additional 137 shares during the period. 65.77% of the stock is owned by institutional investors and hedge funds.

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.