Procter & Gamble Co (NYSE:PG) CEO R. Alexandra Keith Sells 62,930 Shares of Stock

Procter & Gamble Co (NYSE:PG) CEO R. Alexandra Keith sold 62,930 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $119.98, for a total transaction of $7,550,341.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Shares of NYSE:PG traded down $0.32 during midday trading on Thursday, hitting $118.88. The company had a trading volume of 673,401 shares, compared to its average volume of 9,203,291. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.75 and a quick ratio of 0.58. The company has a market cap of $300.87 billion, a price-to-earnings ratio of 26.30, a PEG ratio of 3.48 and a beta of 0.45. Procter & Gamble Co has a 12-month low of $78.49 and a 12-month high of $121.76. The company has a fifty day moving average of $115.80 and a two-hundred day moving average of $107.07.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $1.10 EPS for the quarter, topping the consensus estimate of $1.06 by $0.04. The firm had revenue of $17.09 billion during the quarter, compared to analyst estimates of $16.86 billion. Procter & Gamble had a return on equity of 23.03% and a net margin of 5.76%. Procter & Gamble’s revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.94 EPS. Research analysts expect that Procter & Gamble Co will post 4.84 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Friday, July 19th were paid a $0.7459 dividend. The ex-dividend date was Thursday, July 18th. This represents a $2.98 annualized dividend and a dividend yield of 2.51%. Procter & Gamble’s dividend payout ratio (DPR) is 65.93%.

A number of equities research analysts have weighed in on the stock. Credit Suisse Group boosted their target price on shares of Procter & Gamble from $108.00 to $117.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Royal Bank of Canada reiterated a “neutral” rating and set a $89.00 target price on shares of Procter & Gamble in a research note on Tuesday, July 30th. Stifel Nicolaus set a $117.00 target price on shares of Procter & Gamble and gave the company a “hold” rating in a research note on Wednesday, July 31st. Deutsche Bank boosted their target price on shares of Procter & Gamble from $106.00 to $109.00 and gave the company a “hold” rating in a research note on Monday, June 17th. Finally, Goldman Sachs Group upgraded shares of Procter & Gamble from a “neutral” rating to a “buy” rating and boosted their target price for the company from $114.00 to $125.00 in a research note on Thursday, June 27th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $108.15.

Several large investors have recently bought and sold shares of PG. Phocas Financial Corp. increased its stake in shares of Procter & Gamble by 999,937.0% in the 2nd quarter. Phocas Financial Corp. now owns 71,062,629 shares of the company’s stock worth $779,000 after purchasing an additional 71,055,523 shares in the last quarter. Nuveen Asset Management LLC increased its stake in shares of Procter & Gamble by 6,899.0% in the 2nd quarter. Nuveen Asset Management LLC now owns 18,416,894 shares of the company’s stock worth $2,019,412,000 after purchasing an additional 18,153,758 shares in the last quarter. FMR LLC increased its stake in shares of Procter & Gamble by 26.4% in the 1st quarter. FMR LLC now owns 35,400,538 shares of the company’s stock worth $3,683,425,000 after purchasing an additional 7,389,251 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Procter & Gamble by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 218,459,217 shares of the company’s stock worth $23,954,054,000 after purchasing an additional 3,786,962 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of Procter & Gamble by 49.8% in the 2nd quarter. AQR Capital Management LLC now owns 9,086,135 shares of the company’s stock worth $996,295,000 after purchasing an additional 3,019,494 shares in the last quarter. Hedge funds and other institutional investors own 62.57% of the company’s stock.

About Procter & Gamble

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.

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