Procter & Gamble (NYSE:PG) Stock Price Down 1.7% After Insider Selling

The Procter & Gamble Company (NYSE:PG) shares fell 1.7% during mid-day trading on Monday following insider selling activity. The stock traded as low as $167.00 and last traded at $167.57. 2,232,106 shares changed hands during trading, a decline of 66% from the average session volume of 6,657,338 shares. The stock had previously closed at $170.54.

Specifically, insider Moses Victor Javier Aguilar sold 9,149 shares of the stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $167.72, for a total value of $1,534,470.28. Following the completion of the sale, the insider now owns 12,929 shares of the company’s stock, valued at approximately $2,168,451.88. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 9,149 shares of the company’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $167.72, for a total value of $1,534,470.28. Following the transaction, the insider now owns 12,929 shares of the company’s stock, valued at $2,168,451.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO R. Alexandra Keith sold 3,373 shares of Procter & Gamble stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $170.00, for a total transaction of $573,410.00. Following the completion of the sale, the chief executive officer now owns 21,513 shares of the company’s stock, valued at approximately $3,657,210. The disclosure for this sale can be found here. In the last quarter, insiders have sold 125,462 shares of company stock valued at $21,238,114. 0.17% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

PG has been the topic of a number of recent research reports. Dbs Bank lowered shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 1st. Royal Bank of Canada raised their target price on shares of Procter & Gamble from $157.00 to $164.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 31st. Citigroup lifted their price objective on shares of Procter & Gamble from $177.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. BNP Paribas began coverage on shares of Procter & Gamble in a research note on Monday, June 24th. They set an “outperform” rating and a $187.00 price target on the stock. Finally, TD Cowen assumed coverage on shares of Procter & Gamble in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $189.00 price objective for the company. Nine equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus price target of $173.95.

Procter & Gamble Price Performance

The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.53 and a current ratio of 0.73. The stock has a market cap of $394.33 billion, a PE ratio of 27.38, a PEG ratio of 3.64 and a beta of 0.41. The stock has a 50 day moving average of $166.88 and a two-hundred day moving average of $162.90.

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

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Friday, July 19th will be issued a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date of this dividend is Friday, July 19th. Procter & Gamble’s dividend payout ratio is presently 65.85%.

Institutional Trading of Procter & Gamble

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Advantage Trust Co acquired a new position in Procter & Gamble during the 4th quarter worth $28,000. Naples Money Management LLC bought a new position in shares of Procter & Gamble in the fourth quarter worth about $29,000. Fairway Wealth LLC bought a new stake in Procter & Gamble during the 2nd quarter valued at approximately $29,000. Transcendent Capital Group LLC acquired a new stake in shares of Procter & Gamble in the fourth quarter worth $31,000. Finally, Ruedi Wealth Management Inc. increased its holdings in shares of Procter & Gamble by 64.7% during the 1st quarter. Ruedi Wealth Management Inc. now owns 196 shares of the company’s stock worth $32,000 after purchasing an additional 77 shares during the period. Institutional investors and hedge funds own 65.77% of the company’s stock.

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.