Investors Sell Procter & Gamble (PG) on Strength on Insider Selling

Investors sold shares of Procter & Gamble Co (NYSE:PG) on strength during trading on Tuesday after an insider sold shares in the company. $93.85 million flowed into the stock on the tick-up and $176.92 million flowed out of the stock on the tick-down, for a money net flow of $83.07 million out of the stock. Of all equities tracked, Procter & Gamble had the 0th highest net out-flow for the day. Procter & Gamble traded up $0.09 for the day and closed at $86.95Specifically, insider Juan Fernando Posada sold 4,878 shares of Procter & Gamble stock in a transaction on Monday, November 20th. The shares were sold at an average price of $89.80, for a total transaction of $438,044.40. Following the completion of the sale, the insider now owns 25,429 shares of the company’s stock, valued at approximately $2,283,524.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Carolyn M. Tastad sold 5,300 shares of Procter & Gamble stock in a transaction on Monday, November 13th. The stock was sold at an average price of $89.18, for a total transaction of $472,654.00. Following the sale, the insider now directly owns 57,191 shares of the company’s stock, valued at approximately $5,100,293.38. The disclosure for this sale can be found here. Insiders sold a total of 70,152 shares of company stock valued at $6,232,571 in the last 90 days. 0.35% of the stock is currently owned by corporate insiders.

A number of research firms have commented on PG. Vetr raised shares of Procter & Gamble from a “buy” rating to a “strong-buy” rating and set a $96.92 target price for the company in a report on Thursday. SunTrust Banks reaffirmed a “hold” rating and set a $90.00 target price on shares of Procter & Gamble in a report on Tuesday, January 23rd. Stifel Nicolaus lifted their target price on shares of Procter & Gamble from $87.00 to $88.00 and gave the stock a “hold” rating in a report on Wednesday, January 24th. Morgan Stanley lifted their target price on shares of Procter & Gamble from $90.00 to $92.00 and gave the stock an “equal weight” rating in a report on Thursday, January 25th. Finally, Goldman Sachs Group raised shares of Procter & Gamble from a “sell” rating to a “neutral” rating and set a $77.00 target price for the company in a report on Tuesday, January 16th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Procter & Gamble currently has an average rating of “Buy” and a consensus target price of $88.38.

The stock has a market cap of $219,040.00, a price-to-earnings ratio of 23.02, a PEG ratio of 2.71 and a beta of 0.67. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 0.41.

Procter & Gamble (NYSE:PG) last announced its earnings results on Tuesday, January 23rd. The company reported $1.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.14 by $0.05. The firm had revenue of $17.40 billion during the quarter, compared to analyst estimates of $17.39 billion. Procter & Gamble had a net margin of 15.34% and a return on equity of 20.66%. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.08 EPS. research analysts anticipate that Procter & Gamble Co will post 4.2 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Friday, January 19th will be paid a $0.6896 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date of this dividend is Thursday, January 18th. Procter & Gamble’s payout ratio is presently 73.60%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Dean Capital Investments Management LLC acquired a new position in Procter & Gamble in the 4th quarter worth $1,418,000. Reik & CO. LLC lifted its position in Procter & Gamble by 4.8% during the 4th quarter. Reik & CO. LLC now owns 16,416 shares of the company’s stock worth $1,508,000 after buying an additional 750 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Procter & Gamble by 5.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,178,774 shares of the company’s stock worth $108,306,000 after buying an additional 63,968 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Procter & Gamble by 2.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 441,083 shares of the company’s stock worth $40,529,000 after buying an additional 11,625 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its position in Procter & Gamble by 0.6% during the 4th quarter. Quadrant Capital Group LLC now owns 101,162 shares of the company’s stock worth $9,272,000 after buying an additional 635 shares in the last quarter. 59.65% of the stock is owned by hedge funds and other institutional investors.

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About Procter & Gamble

The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.

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