Procter & Gamble Co (NYSE:PG) insider R. Alexandra Keith sold 1,463 shares of the firm’s stock in a transaction dated Friday, November 2nd. The stock was sold at an average price of $89.89, for a total value of $131,509.07. Following the completion of the transaction, the insider now owns 45,018 shares of the company’s stock, valued at approximately $4,046,668.02. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Shares of PG traded up $1.39 during trading hours on Monday, reaching $91.20. 12,270,149 shares of the company’s stock traded hands, compared to its average volume of 9,243,010. The company has a market cap of $226.41 billion, a PE ratio of 21.61, a price-to-earnings-growth ratio of 2.95 and a beta of 0.37. The company has a current ratio of 0.80, a quick ratio of 0.62 and a debt-to-equity ratio of 0.40. Procter & Gamble Co has a 12 month low of $70.73 and a 12 month high of $93.14.
Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Friday, October 19th. The company reported $1.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.09 by $0.03. The firm had revenue of $16.69 billion during the quarter, compared to the consensus estimate of $16.45 billion. Procter & Gamble had a return on equity of 21.20% and a net margin of 15.10%. The company’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter last year, the company posted $1.09 EPS. As a group, analysts predict that Procter & Gamble Co will post 4.41 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Friday, October 19th will be issued a dividend of $0.7172 per share. The ex-dividend date is Thursday, October 18th. This represents a $2.87 dividend on an annualized basis and a dividend yield of 3.15%. Procter & Gamble’s dividend payout ratio is 68.01%.
Several brokerages have commented on PG. ValuEngine upgraded Procter & Gamble from a “sell” rating to a “hold” rating in a research note on Friday, August 17th. Citigroup lifted their price target on Procter & Gamble from $93.00 to $99.00 and gave the company a “buy” rating in a research report on Monday, October 22nd. UBS Group lifted their price target on Procter & Gamble from $82.00 to $87.00 and gave the company a “neutral” rating in a research report on Monday, October 22nd. SunTrust Banks lifted their price target on Procter & Gamble to $85.00 and gave the company a “hold” rating in a research report on Monday, October 22nd. Finally, Wells Fargo & Co lifted their price target on Procter & Gamble from $78.00 to $84.00 and gave the company a “market perform” rating in a research report on Monday, October 22nd. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $87.66.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. RPg Family Wealth Advisory LLC increased its stake in Procter & Gamble by 209.4% in the 2nd quarter. RPg Family Wealth Advisory LLC now owns 1,349 shares of the company’s stock worth $105,000 after purchasing an additional 913 shares during the period. Ayalon Holdings Ltd. purchased a new position in Procter & Gamble in the 3rd quarter worth approximately $108,000. CSat Investment Advisory L.P. purchased a new position in Procter & Gamble in the 2nd quarter worth approximately $113,000. Fort L.P. purchased a new position in Procter & Gamble in the 2nd quarter worth approximately $124,000. Finally, Willingdon Wealth Management increased its stake in Procter & Gamble by 4,668.6% in the 3rd quarter. Willingdon Wealth Management now owns 1,669 shares of the company’s stock worth $139,000 after purchasing an additional 1,634 shares during the period. 58.54% of the stock is currently owned by institutional investors.
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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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