The Procter & Gamble Company (NYSE:PG) CEO Gary A. Coombe Sells 35,000 Shares of Stock

The Procter & Gamble Company (NYSE:PG) CEO Gary A. Coombe sold 35,000 shares of the company’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $173.68, for a total value of $6,078,800.00. Following the transaction, the chief executive officer now directly owns 22,051 shares in the company, valued at $3,829,817.68. This represents a 61.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Procter & Gamble Stock Performance

PG opened at $175.50 on Tuesday. The stock has a market cap of $411.52 billion, a P/E ratio of 27.95, a P/E/G ratio of 3.76 and a beta of 0.45. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55. The firm has a fifty day moving average price of $166.44 and a 200 day moving average price of $169.61. The Procter & Gamble Company has a 1 year low of $153.52 and a 1 year high of $180.43.

Procter & Gamble (NYSE:PG) last posted its earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.02. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The business had revenue of $21.88 billion for the quarter, compared to analyst estimates of $21.66 billion. During the same period in the prior year, the company posted $1.84 EPS. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. Equities research analysts anticipate that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th were given a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend was Friday, January 24th. Procter & Gamble’s dividend payout ratio (DPR) is presently 64.01%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. NewSquare Capital LLC lifted its holdings in Procter & Gamble by 933.3% during the fourth quarter. NewSquare Capital LLC now owns 155 shares of the company’s stock valued at $26,000 after purchasing an additional 140 shares in the last quarter. Navigoe LLC acquired a new position in shares of Procter & Gamble during the 4th quarter worth about $31,000. Capital A Wealth Management LLC purchased a new position in Procter & Gamble in the 4th quarter valued at about $31,000. RPg Family Wealth Advisory LLC acquired a new stake in Procter & Gamble in the 3rd quarter worth about $33,000. Finally, Hoey Investments Inc. increased its stake in Procter & Gamble by 321.7% during the 4th quarter. Hoey Investments Inc. now owns 194 shares of the company’s stock worth $33,000 after buying an additional 148 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Wells Fargo & Company upped their price objective on shares of Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Stifel Nicolaus upped their price target on shares of Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. DA Davidson reiterated a “buy” rating and set a $209.00 price objective on shares of Procter & Gamble in a research note on Thursday, January 23rd. Piper Sandler cut their target price on Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating on the stock in a research report on Monday, February 24th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $164.00 target price on shares of Procter & Gamble in a research note on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $181.11.

About Procter & Gamble

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.