Insider Selling: Procter & Gamble Co (PG) CEO Sells 63,113 Shares of Stock

Procter & Gamble Co (NYSE:PG) CEO David S. Taylor sold 63,113 shares of the stock in a transaction dated Friday, November 9th. The stock was sold at an average price of $91.68, for a total transaction of $5,786,199.84. Following the completion of the sale, the chief executive officer now directly owns 226,393 shares in the company, valued at $20,755,710.24. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

David S. Taylor also recently made the following trade(s):

  • On Wednesday, August 22nd, David S. Taylor sold 21,029 shares of Procter & Gamble stock. The stock was sold at an average price of $83.52, for a total transaction of $1,756,342.08.

PG stock traded up $1.05 during trading on Friday, hitting $92.41. 10,713,479 shares of the company’s stock traded hands, compared to its average volume of 13,474,850. The firm has a market cap of $230.14 billion, a price-to-earnings ratio of 21.90, a PEG ratio of 2.99 and a beta of 0.37. The company has a quick ratio of 0.62, a current ratio of 0.80 and a debt-to-equity ratio of 0.40. Procter & Gamble Co has a 1 year low of $70.73 and a 1 year high of $93.14.

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, beating the Thomson Reuters’ consensus estimate of $1.09 by $0.03. The company had revenue of $16.69 billion for the quarter, compared to analyst estimates of $16.45 billion. Procter & Gamble had a net margin of 15.10% and a return on equity of 21.20%. Procter & Gamble’s revenue was up .2% compared to the same quarter last year. During the same period last year, the company posted $1.09 earnings per share. Analysts anticipate that Procter & Gamble Co will post 4.41 EPS for the current fiscal year.

The firm 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. This represents a $2.87 annualized dividend and a yield of 3.10%. The ex-dividend date is Thursday, October 18th. Procter & Gamble’s payout ratio is 68.01%.

A number of equities analysts have recently commented on PG shares. Citigroup reduced their target price on shares of Procter & Gamble from $98.00 to $89.00 and set a “buy” rating on the stock in a research report on Friday, July 20th. ValuEngine raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Wednesday, October 24th. SunTrust Banks raised their target price on shares of Procter & Gamble to $80.00 and gave the stock a “hold” rating in a research report on Wednesday, August 1st. Deutsche Bank raised their target price on shares of Procter & Gamble from $81.00 to $84.00 and gave the stock a “hold” rating in a research report on Wednesday, August 1st. Finally, Morgan Stanley raised their target price on shares of Procter & Gamble from $80.00 to $85.00 and gave the stock a “hold” rating in a research report on Wednesday, August 1st. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $88.38.

Hedge funds have recently modified their holdings of the stock. Moody Aldrich Partners LLC acquired a new stake in Procter & Gamble in the second quarter valued at approximately $73,142,000. Ayalon Holdings Ltd. acquired a new stake in Procter & Gamble in the third quarter valued at approximately $108,000. First Mercantile Trust Co. acquired a new stake in Procter & Gamble in the third quarter valued at approximately $111,000. RPg Family Wealth Advisory LLC boosted its stake in 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 acquiring an additional 913 shares in the last quarter. Finally, CSat Investment Advisory L.P. acquired a new stake in Procter & Gamble in the second quarter valued at approximately $113,000. 58.54% of the stock is currently owned by institutional investors.

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Procter & Gamble Company Profile

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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Insider Buying and Selling by Quarter for Procter & Gamble (NYSE:PG)

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