Procter & Gamble Co (NYSE:PG) insider Juan Fernando Posada sold 1,068 shares of Procter & Gamble stock in a transaction dated Friday, November 30th. The stock was sold at an average price of $93.66, for a total value of $100,028.88. Following the transaction, the insider now owns 26,739 shares of the company’s stock, valued at approximately $2,504,374.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Juan Fernando Posada also recently made the following trade(s):
- On Monday, November 12th, Juan Fernando Posada sold 30,000 shares of Procter & Gamble stock. The stock was sold at an average price of $92.79, for a total value of $2,783,700.00.
Shares of NYSE:PG opened at $93.55 on Friday. Procter & Gamble Co has a 12-month low of $70.73 and a 12-month high of $94.86. The company has a market cap of $235.23 billion, a PE ratio of 22.17, a PEG ratio of 3.06 and a beta of 0.37. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.80 and a quick ratio of 0.62.
Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Friday, October 19th. The company reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.03. Procter & Gamble had a return on equity of 21.20% and a net margin of 15.10%. The company had revenue of $16.69 billion during the quarter, compared to analysts’ expectations of $16.45 billion. During the same quarter in the previous year, the company posted $1.09 earnings per share. The business’s revenue was up .2% on a year-over-year basis. As a group, sell-side analysts predict that Procter & Gamble Co will post 4.41 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Stockholders of record on Friday, October 19th were issued a dividend of $0.7172 per share. This represents a $2.87 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date of this dividend was Thursday, October 18th. Procter & Gamble’s dividend payout ratio is presently 68.01%.
Several large investors have recently modified their holdings of the company. RPg Family Wealth Advisory LLC raised its position in shares of Procter & Gamble by 209.4% in the second quarter. RPg Family Wealth Advisory LLC now owns 1,349 shares of the company’s stock valued at $105,000 after buying an additional 913 shares in the last quarter. Ayalon Holdings Ltd. acquired a new stake in shares of Procter & Gamble in the third quarter valued at approximately $108,000. First Mercantile Trust Co. acquired a new stake in shares of Procter & Gamble in the third quarter valued at approximately $111,000. Willingdon Wealth Management raised its position in shares of Procter & Gamble by 4,668.6% in the third quarter. Willingdon Wealth Management now owns 1,669 shares of the company’s stock valued at $139,000 after buying an additional 1,634 shares in the last quarter. Finally, Polaris Greystone Financial Group LLC raised its position in shares of Procter & Gamble by 224.9% in the third quarter. Polaris Greystone Financial Group LLC now owns 1,722 shares of the company’s stock valued at $143,000 after buying an additional 1,192 shares in the last quarter. Institutional investors own 58.78% of the company’s stock.
A number of equities analysts recently commented on PG shares. Deutsche Bank lifted their price target on Procter & Gamble from $84.00 to $85.00 and gave the stock a “hold” rating in a report on Thursday, August 16th. Wells Fargo & Co reiterated a “hold” rating and set a $78.00 price target on shares of Procter & Gamble in a report on Thursday, August 16th. ValuEngine upgraded Procter & Gamble from a “sell” rating to a “hold” rating in a report on Friday, August 17th. Atlantic Securities started coverage on Procter & Gamble in a report on Thursday, September 20th. They set an “overweight” rating and a $94.00 price target for the company. Finally, Bank of America lifted their price target on Procter & Gamble from $82.00 to $89.00 and gave the stock a “neutral” rating in a report on Thursday, October 4th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $88.38.
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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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