Procter & Gamble Company (NYSE:PG – Get Free Report) CEO Jon R. Moeller sold 31,797 shares of the company’s stock in a transaction on Tuesday, August 20. The stock was sold at an average price of $169.22, for a total value of $5,380,688.34. Following the completion of the transaction, the CEO now owns 300,777 shares of the company’s stock, valued at approximately $50,897,483.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, available at this link.

Procter & Gamble Stock Return

NYSE:PG opened at $170.16 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.73 and a quick ratio of 0.53. The Procter & Gamble Company has a one-year low of $141.45 and a one-year high of $171.89. The stock’s 50-day simple moving average is $167.25 and its 200-day simple moving average is $163.54. The company has a market cap of $401.60 billion, a price-to-earnings ratio of 27.80, a PEG ratio of 3.64 and a beta of 0.41.

Procter & Gamble (NYSE:PG – Get Free Report) last released its quarterly earnings results on Tuesday, July 30. The company reported $1.40 earnings per share (EPS) for the quarter, which topped analysts’ consensus estimates of $1.37 by $0.03. Procter & Gamble had a return on equity of 33.46% and a net margin of 17.71%. The company had revenue of $20.53 billion for the quarter, compared to the consensus estimate of $20.69 billion. In the year-ago quarter, the company posted $1.37 EPS. The company’s revenue decreased 0.1% from the year-ago quarter. As a group, equities analysts expect The Procter & Gamble Company to post 6.97 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Friday, July 19th were given a dividend of $1.0065 per share. This represents an annualized dividend of $4.03 and a dividend yield of 2.37%. The ex-dividend date for this dividend was Friday, July 19th. Procter & Gamble’s dividend payout ratio currently stands at 65.85%.

Hedge Funds Weigh in on Procter & Gamble

Several large investors have recently modified their PG holdings. Norges Bank purchased a new position in shares of Procter & Gamble during the 4th quarter worth approximately $3,956,117,000. Wulff Hansen & CO. increased its shares in Procter & Gamble by 16,292.0% during the 2nd quarter. Wulff Hansen & CO. now owns 3,675,902 shares of the company’s stock worth $606,230,000 after acquiring an additional 3,653,477 shares during the period. TD Asset Management Inc increased its shares in Procter & Gamble by 114.9% during the 1st quarter. TD Asset Management Inc now owns 3,568,671 shares of the company’s stock, worth $579,017,000, after acquiring an additional 1,907,716 shares during the period. Swedbank AB bought a new position in Procter & Gamble during the 1st quarter worth $233,788,000. Finally, Ilex Capital Partners UK LLP bought a new position in Procter & Gamble during the 1st quarter worth $228,212,000. Institutional investors own 65.77% of the company’s shares.

Changes in analyst ratings

Several equities analysts have recently weighed in on PG stock. JPMorgan Chase & Co. lowered their price target on Procter & Gamble from $181.00 to $179.00 and set an “overweight” rating on the company in a report on Wednesday, July 31st. Barclays lowered their price target on Procter & Gamble from $174.00 to $163.00 and set an “overweight” rating on the company in a report on Thursday, August 1st. StockNews.com lowered Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Dbs Bank lowered Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Procter & Gamble from $171.00 to $176.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Nine analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $173.95.

Read our latest analysis on Procter & Gamble

Company Profile Procter & Gamble

(Get free report)

The Procter & Gamble Company is a global leader in branded consumer products. 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 and SK-II brands.

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