Balaji Purushothaman Sells 12,800 Shares of The Procter & Gamble Company (NYSE:PG) Stock

The Procter & Gamble Company (NYSE:PG) insider Balaji Purushothaman sold 12,800 shares of the stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $168.99, for a total transaction of $2,163,072.00. Following the transaction, the insider now directly owns 11,566 shares in the company, valued at approximately $1,954,538.34. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Balaji Purushothaman also recently made the following trade(s):

• On Thursday, August 1st, Balaji Purushothaman sold 8,842 shares of Procter & Gamble stock. The shares were sold at an average price of $164.90, for a total transaction of $1,458,045.80.

Procter & Gamble Stock Performance

NYSE PG opened at $168.22 on Friday. The company’s 50 day moving average is $171.93 and its 200-day moving average is $167.55. The firm has a market cap of $396.16 billion, a P/E ratio of 29.00, a price-to-earnings-growth ratio of 3.67 and a beta of 0.41. The Procter & Gamble Company has a 12-month low of $142.50 and a 12-month high of $177.94. The company has a quick ratio of 0.55, a current ratio of 0.75 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PG) last posted its earnings results on Friday, October 18th. The company reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.03. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The firm had revenue of $21.74 billion for the quarter, compared to the consensus estimate of $21.99 billion. During the same quarter in the prior year, the business posted $1.83 earnings per share. The business’s quarterly revenue was down .6% on a year-over-year basis. Sell-side analysts predict that The Procter & Gamble Company will post 6.94 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 18th will be given a $1.0065 dividend. The ex-dividend date of this dividend is Friday, October 18th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.39%. Procter & Gamble’s dividend payout ratio (DPR) is currently 69.48%.

Analyst Upgrades and Downgrades

PG has been the topic of a number of research reports. Stifel Nicolaus upped their price target on Procter & Gamble from $157.00 to $161.00 and gave the stock a “hold” rating in a research note on Monday, July 22nd. Dbs Bank downgraded shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 1st. Jefferies Financial Group downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $182.00 to $175.00 in a report on Wednesday, July 24th. DZ Bank raised shares of 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. Finally, Evercore ISI raised their target price on Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Nine analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $177.00.

Institutional Trading of Procter & Gamble

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Voisard Asset Management Group Inc. raised its holdings in shares of Procter & Gamble by 20.2% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 1,170 shares of the company’s stock valued at $203,000 after acquiring an additional 197 shares in the last quarter. Cornerstone Wealth Group LLC raised its stake in Procter & Gamble by 2.2% in the third quarter. Cornerstone Wealth Group LLC now owns 53,264 shares of the company’s stock valued at $9,225,000 after purchasing an additional 1,124 shares in the last quarter. Oak Harvest Investment Services lifted its position in Procter & Gamble by 15.7% during the third quarter. Oak Harvest Investment Services now owns 40,782 shares of the company’s stock valued at $7,063,000 after purchasing an additional 5,546 shares during the last quarter. JFS Wealth Advisors LLC increased its holdings in shares of Procter & Gamble by 63.8% in the 3rd quarter. JFS Wealth Advisors LLC now owns 29,239 shares of the company’s stock worth $5,064,000 after buying an additional 11,385 shares during the last quarter. Finally, SteelPeak Wealth LLC lifted its holdings in shares of Procter & Gamble by 65.0% during the 3rd quarter. SteelPeak Wealth LLC now owns 73,947 shares of the company’s stock worth $12,808,000 after acquiring an additional 29,141 shares during the last quarter. Institutional investors own 65.77% of the company’s stock.

About Procter & Gamble

The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company 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, SK-II, and Native brands.