Shailesh Jejurikar Sells 31,859 Shares of The Procter & Gamble Company (NYSE:PG) Stock

The Procter & Gamble Company (NYSE:PG) COO Shailesh Jejurikar sold 31,859 shares of the business’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $164.90, for a total transaction of $5,253,549.10. Following the sale, the chief operating officer now directly owns 9,739 shares in the company, valued at approximately $1,605,961.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shailesh Jejurikar also recently made the following trade(s):

• On Tuesday, April 30th, Shailesh Jejurikar sold 31,000 shares of Procter & Gamble stock. The stock was sold at an average price of $162.90, for a total value of $5,049,900.00.

Procter & Gamble Stock Performance

NYSE:PG opened at $165.05 on Thursday. The firm has a market capitalization of $389.54 billion, a P/E ratio of 26.97, a P/E/G ratio of 3.34 and a beta of 0.43. The Procter & Gamble Company has a twelve month low of $141.45 and a twelve month high of $166.37. The company has a fifty day moving average of $160.23 and a 200-day moving average of $154.49. The company has a quick ratio of 0.48, a current ratio of 0.69 and a debt-to-equity ratio of 0.49.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Friday, April 19th. The company reported $1.52 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $20.43 billion. During the same quarter in the prior year, the business earned $1.37 earnings per share. The business’s quarterly revenue was up .6% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Procter & Gamble Company will post 6.55 EPS for the current year.

Procter & Gamble Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th will be given a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.44%. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date is Thursday, April 18th. Procter & Gamble’s dividend payout ratio is presently 65.69%.

Analyst Upgrades and Downgrades

PG has been the topic of several research reports. Royal Bank of Canada boosted their price target on Procter & Gamble from $156.00 to $157.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 24th. Jefferies Financial Group raised their price target on shares of Procter & Gamble from $175.00 to $182.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. Barclays boosted their price objective on shares of Procter & Gamble from $168.00 to $170.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 23rd. JPMorgan Chase & Co. lowered their target price on Procter & Gamble from $169.00 to $162.00 and set an “overweight” rating for the company in a research report on Thursday, January 18th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Procter & Gamble from $172.00 to $171.00 and set a “buy” rating for the company in a research note on Monday, April 22nd. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $169.76.

Institutional Trading of Procter & Gamble

Several hedge funds have recently bought and sold shares of the business. Advantage Trust Co bought a new stake in shares of Procter & Gamble during the fourth quarter worth about $28,000. Naples Money Management LLC bought a new stake in Procter & Gamble during the 4th quarter worth approximately $29,000. Ruedi Wealth Management Inc. raised its stake in shares of Procter & Gamble by 64.7% in the first quarter. Ruedi Wealth Management Inc. now owns 196 shares of the company’s stock worth $32,000 after purchasing an additional 77 shares during the last quarter. Wyrmwood Management LLC bought a new position in shares of Procter & Gamble in the fourth quarter valued at approximately $29,000. Finally, Transcendent Capital Group LLC bought a new stake in Procter & Gamble during the fourth quarter worth $31,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Company Profile

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.