Procter & Gamble (NYSE:PG) CEO Paul Gama Sells 2,894 Shares of Stock

Procter & Gamble Company (The) (NYSE:PG) CEO Paul Gama sold 2,894 shares of the firm’s stock in a transaction on Friday, October 30th. The stock was sold at an average price of $165.00, for a total transaction of $477,510.00. Following the completion of the sale, the chief executive officer directly owned 43,899 shares in the company, valued at approximately $7,243,335. This trade represents a 6.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Paul Gama also recently made the following trade(s):

• On Friday, October 23rd, Paul Gama sold 4,331 shares of Procter & Gamble stock. The shares were sold at an average price of $161.27, for a total transaction of $698,460.37.
• On Monday, October 5th, Paul Gama sold 2,225 shares of Procter & Gamble stock. The shares were sold at an average price of $145.34, for a total transaction of $323,381.50.

Procter & Gamble Stock Performance

Procter & Gamble stock opened at $161.80 on Wednesday. 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 firm has a 50-day moving average of $150.68 and a 200-day moving average of $149.12. The firm has a market cap of $375.02 billion, a P/E ratio of 24.37, a P/E/G ratio of 4.02 and a beta of 0.36. Procter & Gamble Company has a 1-year low of $137.62 and a 1-year high of $167.25.

Procter & Gamble (NYSE:PG) last posted its earnings results on Thursday, October 22nd. The company reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.11. Procter & Gamble had a return on equity of 31.02% and a net margin of 18.23%. The company had revenue of $23.28 billion for the quarter, compared to analysts’ expectations of $22.80 billion. During the same period last year, the firm earned $1.99 earnings per share. Procter & Gamble’s quarterly revenue was up 4.0% on a year-over-year basis. Sell-side analysts expect that Procter & Gamble Company will post 6.99 EPS for the current year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Friday, October 23rd will be issued a $1.0885 dividend. The ex-dividend date is Friday, October 23rd. This represents a $4.35 annualized dividend and a yield of 2.7%. Procter & Gamble’s dividend payout ratio (DPR) is 65.51%.

Institutional Trading of Procter & Gamble

Several large investors have recently bought and sold shares of PG. University of Texas Texas AM Investment Management Co. grew its position in shares of Procter & Gamble by 23.4% in the 3rd quarter. University of Texas Texas AM Investment Management Co. now owns 2,612 shares of the company’s stock worth $379,000 after buying an additional 496 shares during the period. Family Capital Management Inc. lifted its position in Procter & Gamble by 9.0% during the 3rd quarter. Family Capital Management Inc. now owns 1,631 shares of the company’s stock valued at $237,000 after acquiring an additional 135 shares during the period. Johnson & White Wealth Management LLC lifted its position in Procter & Gamble by 6.2% during the 3rd quarter. Johnson & White Wealth Management LLC now owns 7,715 shares of the company’s stock valued at $1,121,000 after acquiring an additional 451 shares during the period. M Holdings Securities Inc. purchased a new position in Procter & Gamble during the 3rd quarter valued at about $19,564,000. Finally, Avantax Planning Partners Inc. boosted its stake in Procter & Gamble by 3.6% during the third quarter. Avantax Planning Partners Inc. now owns 55,457 shares of the company’s stock worth $8,057,000 after acquiring an additional 1,932 shares in the last quarter. 65.77% of the stock is owned by institutional investors.

Key Procter & Gamble News

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

• Positive Sentiment: P&G has raised its dividend for 70 consecutive years, a track record that supports its appeal to income-focused investors. Article: Procter & Gamble dividend history
• Neutral Sentiment: The company closed a €3.25 billion euro-note offering. The financing provides capital but adds debt obligations; the available report does not specify how the proceeds will be used. Article: Euro note offering
• Negative Sentiment: Analysts note that rising costs and shoppers’ focus on value could make it harder for P&G to sustain growth in premium brands, despite strong loyalty and innovation. Article: Premium brands in a value-seeking market
• Negative Sentiment: Several executives and the chief accounting officer reported share sales. Such transactions can add near-term concern, though insider sales alone do not establish a negative outlook. SEC filing: Insider transaction

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. HSBC cut Procter & Gamble from a “buy” rating to a “hold” rating and reduced their target price for the company from $182.00 to $149.00 in a research note on Thursday, July 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Procter & Gamble in a research note on Monday, September 21st. BNP Paribas Exane lifted their price target on shares of Procter & Gamble from $177.00 to $189.00 and gave the company an “outperform” rating in a report on Friday, October 23rd. Piper Sandler boosted their price objective on shares of Procter & Gamble from $145.00 to $167.00 and gave the company a “neutral” rating in a research report on Monday, October 26th. Finally, TD Cowen boosted their price objective on shares of Procter & Gamble from $150.00 to $166.00 and gave the company a “hold” rating in a research report on Friday, October 23rd. Fifteen analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $170.57.

Procter & Gamble Company Profile

Procter & Gamble Company (NYSE: PG) is a global consumer products company that develops, manufactures and markets branded products used in households and personal care. Its portfolio includes personal health and grooming products, beauty and skin care items, baby, feminine and family care products, fabric and home care products, and oral care products.

The company’s well-known brands include Pampers, Tide, Gillette, Crest, Oral-B, Head & Shoulders, Pantene, Olay, Old Spice, Dawn, Febreze and Mr.