David S. Taylor Sells 23,045 Shares of Procter & Gamble Co (PG) Stock

Procter & Gamble Co (NYSE:PG) Chairman David S. Taylor sold 23,045 shares of Procter & Gamble stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $107.95, for a total value of $2,487,707.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

NYSE:PG traded down $0.66 on Friday, hitting $107.45. 6,369,717 shares of the stock were exchanged, compared to its average volume of 6,911,172. The stock has a market capitalization of $272.55 billion, a P/E ratio of 24.74, a P/E/G ratio of 3.48 and a beta of 0.39. Procter & Gamble Co has a 52 week low of $72.80 and a 52 week high of $108.68. The company has a current ratio of 0.79, a quick ratio of 0.60 and a debt-to-equity ratio of 0.39.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $1.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.02. The firm had revenue of $16.46 billion during the quarter, compared to analysts’ expectations of $16.37 billion. Procter & Gamble had a return on equity of 21.61% and a net margin of 16.44%. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.00 EPS. As a group, equities analysts predict that Procter & Gamble Co will post 4.48 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th were paid a $0.7459 dividend. The ex-dividend date was Wednesday, April 17th. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.72. This represents a $2.98 dividend on an annualized basis and a dividend yield of 2.78%. Procter & Gamble’s dividend payout ratio is 70.62%.

Hedge funds have recently made changes to their positions in the company. Princeton Global Asset Management LLC acquired a new position in shares of Procter & Gamble in the 4th quarter valued at approximately $27,000. Covenant Multifamily Offices LLC acquired a new position in shares of Procter & Gamble in the 1st quarter valued at approximately $33,000. Pearl River Capital LLC acquired a new position in shares of Procter & Gamble in the 1st quarter valued at approximately $38,000. IMA Wealth Inc. grew its position in shares of Procter & Gamble by 357.1% in the 1st quarter. IMA Wealth Inc. now owns 384 shares of the company’s stock valued at $40,000 after purchasing an additional 300 shares during the period. Finally, SeaBridge Investment Advisors LLC acquired a new position in shares of Procter & Gamble in the 4th quarter valued at approximately $36,000. 61.49% of the stock is owned by institutional investors.

A number of research analysts recently issued reports on the company. Macquarie set a $110.00 price target on Procter & Gamble and gave the company a “buy” rating in a report on Tuesday, February 26th. Barclays reaffirmed a “hold” rating and issued a $94.00 price target on shares of Procter & Gamble in a report on Friday, January 25th. Zacks Investment Research raised Procter & Gamble from a “hold” rating to a “buy” rating and set a $102.00 price target for the company in a report on Monday, January 21st. DZ Bank reaffirmed a “sell” rating on shares of Procter & Gamble in a report on Wednesday, April 24th. Finally, Credit Suisse Group set a $100.00 price target on Procter & Gamble and gave the company a “hold” rating in a report on Friday, May 10th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Procter & Gamble has an average rating of “Hold” and a consensus target price of $101.42.

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Procter & Gamble Company Profile

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.

Further Reading: Gross Domestic Product (GDP)

Insider Buying and Selling by Quarter for Procter & Gamble (NYSE:PG)

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