The Procter & Gamble Company (NYSE:PG) CEO Jon R. Moeller Sells 7,007 Shares

The Procter & Gamble Company (NYSE:PG) CEO Jon R. Moeller sold 7,007 shares of the stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $171.65, for a total transaction of $1,202,751.55. Following the transaction, the chief executive officer now directly owns 269,172 shares in the company, valued at approximately $46,203,373.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Procter & Gamble Stock Down 1.1 %

PG stock opened at $170.06 on Friday. The Procter & Gamble Company has a fifty-two week low of $141.45 and a fifty-two week high of $177.94. The company has a market capitalization of $401.37 billion, a price-to-earnings ratio of 27.79, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41. The business’s 50 day moving average price is $171.15 and its two-hundred day moving average price is $166.43. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.53 and a current ratio of 0.73.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.03. The company had revenue of $20.53 billion for the quarter, compared to analysts’ expectations of $20.69 billion. Procter & Gamble had a return on equity of 33.46% and a net margin of 17.71%. The firm’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.37 earnings per share. As a group, analysts forecast that The Procter & Gamble Company will post 6.97 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Friday, July 19th were paid a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a yield of 2.37%. The ex-dividend date was Friday, July 19th. Procter & Gamble’s payout ratio is currently 65.85%.

Hedge Funds Weigh In On Procter & Gamble

A number of institutional investors and hedge funds have recently made changes to their positions in PG. Legal & General Group Plc raised its stake in Procter & Gamble by 0.6% during the second quarter. Legal & General Group Plc now owns 21,632,054 shares of the company’s stock valued at $3,567,556,000 after buying an additional 122,190 shares during the last quarter. Fisher Asset Management LLC boosted its stake in Procter & Gamble by 5.5% in the 4th quarter. Fisher Asset Management LLC now owns 10,552,081 shares of the company’s stock worth $1,546,302,000 after purchasing an additional 554,451 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Procter & Gamble by 8.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 9,691,925 shares of the company’s stock valued at $1,598,510,000 after purchasing an additional 733,440 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Procter & Gamble by 9.7% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 6,161,507 shares of the company’s stock worth $999,705,000 after buying an additional 545,601 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its stake in shares of Procter & Gamble by 1.3% in the first quarter. Janus Henderson Group PLC now owns 6,008,938 shares of the company’s stock worth $974,914,000 after buying an additional 79,665 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

Wall Street Analyst Weigh In

PG has been the topic of a number of recent research reports. StockNews.com cut Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. DZ Bank upgraded Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 price target on the stock in a research report on Thursday, August 29th. TD Cowen assumed coverage on Procter & Gamble in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $189.00 price objective for the company. Jefferies Financial Group cut shares of Procter & Gamble from a “buy” rating to a “hold” rating and cut their target price for the stock from $182.00 to $175.00 in a report on Wednesday, July 24th. Finally, Wolfe Research upgraded shares of Procter & Gamble to a “strong-buy” rating in a report on Friday, August 23rd. Nine equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $175.89.

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.