Insider Selling: The Procter & Gamble Company (NYSE:PG) CEO Sells 855 Shares of Stock

The Procter & Gamble Company (NYSE:PG) CEO R. Alexandra Keith sold 855 shares of Procter & Gamble stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $158.50, for a total value of $135,517.50. Following the sale, the chief executive officer now directly owns 4,004 shares in the company, valued at $634,634. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

R. Alexandra Keith also recently made the following trade(s):

• On Monday, March 4th, R. Alexandra Keith sold 776 shares of Procter & Gamble stock. The stock was sold at an average price of $158.11, for a total value of $122,693.36.

Procter & Gamble Stock Performance

NYSE:PG opened at $162.58 on Thursday. The Procter & Gamble Company has a 1 year low of $141.45 and a 1 year high of $163.14. The firm has a 50 day moving average of $159.46 and a 200-day moving average of $153.32. The company has a current ratio of 0.69, a quick ratio of 0.48 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $383.71 billion, a P/E ratio of 26.57, a price-to-earnings-growth ratio of 3.23 and a beta of 0.44.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Friday, April 19th. The company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.10. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. The firm had revenue of $20.20 billion during the quarter, compared to analysts’ expectations of $20.43 billion. During the same quarter in the previous year, the company posted $1.37 EPS. Procter & Gamble’s revenue was up .6% on a year-over-year basis. As a group, sell-side analysts anticipate that The Procter & Gamble Company will post 6.54 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, April 19th will be given a $1.0065 dividend. This represents a $4.03 annualized dividend and a yield of 2.48%. The ex-dividend date is Thursday, April 18th. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.94. Procter & Gamble’s payout ratio is 65.85%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Advantage Trust Co acquired a new stake in Procter & Gamble during the 4th quarter worth $28,000. Wyrmwood Management LLC acquired a new stake in Procter & Gamble during the 4th quarter worth $29,000. Naples Money Management LLC acquired a new stake in Procter & Gamble during the 4th quarter worth $29,000. Transcendent Capital Group LLC acquired a new stake in Procter & Gamble during the 4th quarter worth $31,000. Finally, Criterion Capital Advisors LLC acquired a new stake in Procter & Gamble during the 4th quarter worth $33,000. Institutional investors own 65.77% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on PG shares. Truist Financial raised Procter & Gamble from a “hold” rating to a “buy” rating and lifted their target price for the stock from $160.00 to $175.00 in a research report on Monday, March 11th. Raymond James lifted their target price on Procter & Gamble from $170.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Procter & Gamble from $172.00 to $171.00 and set a “buy” rating for the company in a research note on Monday. Barclays raised their price target on shares of Procter & Gamble from $168.00 to $170.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, UBS Group raised their price target on shares of Procter & Gamble from $172.00 to $178.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Procter & Gamble currently has an average rating of “Moderate Buy” and an average target price of $168.81.

About Procter & Gamble

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.