Insider Selling: Procter & Gamble (NYSE:PG) CFO Sells $5,547,960.00 in Stock

Procter & Gamble Company (The) (NYSE:PG) CFO Andre Schulten sold 33,624 shares of Procter & Gamble stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $165.00, for a total value of $5,547,960.00. Following the completion of the sale, the chief financial officer directly owned 65,618 shares in the company, valued at $10,826,970. This represents a 33.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Andre Schulten also recently made the following trade(s):

• On Monday, October 5th, Andre Schulten sold 3,914 shares of Procter & Gamble stock. The shares were sold at an average price of $145.34, for a total value of $568,860.76.

Procter & Gamble Stock Up 1.8%

Shares of PG stock traded up $2.94 on Thursday, hitting $170.26. 4,935,894 shares of the stock were exchanged, compared to its average volume of 9,729,621. 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 market capitalization of $394.62 billion, a P/E ratio of 25.64, a price-to-earnings-growth ratio of 3.98 and a beta of 0.36. The business has a 50-day moving average of $151.12 and a 200 day moving average of $149.23. Procter & Gamble Company has a fifty-two week low of $137.62 and a fifty-two week high of $170.17.

Procter & Gamble (NYSE:PG) last announced its earnings results on Thursday, October 22nd. The company reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.11. The business had revenue of $23.28 billion for the quarter, compared to analyst estimates of $22.80 billion. Procter & Gamble had a return on equity of 31.02% and a net margin of 18.23%. Procter & Gamble’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.99 EPS. Equities analysts anticipate that Procter & Gamble Company will post 6.99 EPS for the current year.

Procter & Gamble Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Friday, October 23rd will be paid a dividend of $1.0885 per share. This represents a $4.35 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Friday, October 23rd. Procter & Gamble’s dividend payout ratio (DPR) is currently 65.51%.

Hedge Funds Weigh In On Procter & Gamble

Several institutional investors and hedge funds have recently made changes to their positions in the company. Baxter Bros Inc. acquired a new position in shares of Procter & Gamble during the 2nd quarter worth approximately $12,381,000. Empowered Funds LLC bought a new stake in shares of Procter & Gamble in the second quarter valued at approximately $53,549,000. Bank of America Corp DE acquired a new stake in Procter & Gamble during the second quarter worth approximately $3,850,628,000. Capstone Capital Management Ltd acquired a new stake in Procter & Gamble during the third quarter worth approximately $991,000. Finally, Rokos Capital Management LLP bought a new position in Procter & Gamble during the 1st quarter worth $29,914,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Key Headlines Impacting Procter & Gamble

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

• Positive Sentiment: Investors have favored established dividend payers amid political uncertainty, helping P&G reach a new 52-week high. The company’s long record of dividend increases and resilient consumer-staples business underpin its appeal to income-focused investors. Article: Dividend stocks hit highs
• Neutral Sentiment: P&G will webcast its November 19 Investor Day, where executives are expected to discuss strategy and the company’s long-term transformation. The announcement provides a forthcoming opportunity for investors to assess its plans, but no new financial targets were included. Article: P&G Investor Day webcast
• Neutral Sentiment: Bernstein reiterated a Hold rating, suggesting a cautious stance rather than a fresh catalyst for the shares. Article: Bernstein maintains Hold rating
• Negative Sentiment: CFO Andre Schulten sold 33,624 shares for about $5.55 million, reducing his stake by roughly 34%. Insider sales can weigh on sentiment, although the transaction alone does not indicate a change in the company’s outlook. SEC filing: CFO share sale
• Negative Sentiment: Commentary also flags rising costs and value-conscious shoppers as risks to growth in P&G’s premium brands, despite their customer loyalty and innovation. Article: Premium brands amid value-seeking consumers

Analyst Ratings Changes

PG has been the topic of a number of research reports. Wells Fargo & Company boosted their price objective on shares of Procter & Gamble from $164.00 to $180.00 and gave the stock an “overweight” rating in a research report on Friday, October 23rd. Royal Bank Of Canada set a $169.00 price target on shares of Procter & Gamble in a research note on Friday, October 23rd. JPMorgan Chase & Co. increased their price objective on shares of Procter & Gamble from $162.00 to $180.00 and gave the stock an “overweight” rating in a research note on Friday, October 23rd. UBS Group set a $166.00 price objective on shares of Procter & Gamble in a research note on Friday, October 23rd. Finally, HSBC cut Procter & Gamble from a “buy” rating to a “hold” rating and decreased their price objective for the company from $182.00 to $149.00 in a report on Thursday, July 30th. Fifteen investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.