Procter & Gamble Co (NYSE:PG) Chairman Sells $10,457,562.76 in Stock

Procter & Gamble Co (NYSE:PG) Chairman David S. Taylor sold 87,643 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $119.32, for a total transaction of $10,457,562.76. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

PG stock traded up $0.22 during trading on Thursday, reaching $119.42. The company had a trading volume of 4,414,013 shares, compared to its average volume of 8,126,572. Procter & Gamble Co has a 52 week low of $78.49 and a 52 week high of $121.76. The company has a market cap of $300.87 billion, a P/E ratio of 26.42, a PEG ratio of 3.48 and a beta of 0.45. The business has a 50 day moving average of $115.80 and a 200 day moving average of $107.07. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.75 and a quick ratio of 0.58.

Procter & Gamble (NYSE:PG) last announced its earnings results on Tuesday, July 30th. The company reported $1.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.04. Procter & Gamble had a net margin of 5.76% and a return on equity of 23.03%. The business had revenue of $17.09 billion during the quarter, compared to the consensus estimate of $16.86 billion. During the same quarter last year, the firm earned $0.94 earnings per share. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. Research analysts expect that Procter & Gamble Co will post 4.84 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Friday, July 19th were paid a dividend of $0.7459 per share. This represents a $2.98 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date was Thursday, July 18th. Procter & Gamble’s dividend payout ratio is 65.93%.

A number of research firms have recently weighed in on PG. Morgan Stanley set a $129.00 target price on shares of Procter & Gamble and gave the stock a “buy” rating in a report on Monday, August 12th. Stifel Nicolaus set a $117.00 target price on shares of Procter & Gamble and gave the stock a “hold” rating in a report on Wednesday, July 31st. Barclays upgraded shares of Procter & Gamble from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $94.00 to $112.00 in a report on Wednesday, April 24th. UBS Group set a $122.00 target price on shares of Procter & Gamble and gave the stock a “hold” rating in a report on Wednesday, July 31st. Finally, SunTrust Banks increased their price target on shares of Procter & Gamble to $120.00 and gave the stock a “hold” rating in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $108.15.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of Procter & Gamble by 1.8% during the second quarter. Vanguard Group Inc. now owns 218,459,217 shares of the company’s stock valued at $23,954,054,000 after purchasing an additional 3,786,962 shares in the last quarter. BlackRock Inc. increased its stake in shares of Procter & Gamble by 1.5% during the second quarter. BlackRock Inc. now owns 167,930,647 shares of the company’s stock valued at $18,413,594,000 after purchasing an additional 2,470,382 shares in the last quarter. Phocas Financial Corp. increased its stake in shares of Procter & Gamble by 999,937.0% during the second quarter. Phocas Financial Corp. now owns 71,062,629 shares of the company’s stock valued at $77,920,000 after purchasing an additional 71,055,523 shares in the last quarter. FMR LLC increased its stake in shares of Procter & Gamble by 26.4% during the first quarter. FMR LLC now owns 35,400,538 shares of the company’s stock valued at $3,683,425,000 after purchasing an additional 7,389,251 shares in the last quarter. Finally, Northern Trust Corp increased its stake in shares of Procter & Gamble by 0.9% during the second quarter. Northern Trust Corp now owns 33,064,470 shares of the company’s stock valued at $3,625,519,000 after purchasing an additional 295,521 shares in the last quarter. 62.57% of the stock is owned by institutional investors and hedge funds.

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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