Traders Sell Procter & Gamble Company (The) (NYSE:PG) on Strength on Insider Selling

Investors sold shares of Procter & Gamble Company (The) (NYSE:PG) on strength during trading hours on Tuesday after an insider sold shares in the company. $91.12 million flowed into the stock on the tick-up and $122.26 million flowed out of the stock on the tick-down, for a money net flow of $31.14 million out of the stock. Of all companies tracked, Procter & Gamble Company (The) had the 0th highest net out-flow for the day. Procter & Gamble Company (The) traded up $0.28 for the day and closed at $91.10Specifically, insider Ioannis Skoufalos sold 3,879 shares of the firm’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $86.17, for a total transaction of $334,253.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Patrice Louvet sold 49,226 shares of the firm’s stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $86.46, for a total value of $4,256,079.96. Following the transaction, the insider now directly owns 93,656 shares of the company’s stock, valued at $8,097,497.76. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 127,032 shares of company stock valued at $11,130,014. 0.35% of the stock is owned by corporate insiders.

A number of analysts have weighed in on PG shares. Zacks Investment Research upgraded Procter & Gamble Company (The) from a “hold” rating to a “buy” rating and set a $101.00 price target for the company in a report on Tuesday, August 1st. Vetr downgraded Procter & Gamble Company (The) from a “hold” rating to a “sell” rating and set a $83.75 price target for the company. in a report on Monday, July 3rd. Stifel Nicolaus decreased their price target on Procter & Gamble Company (The) from $88.00 to $87.00 and set a “hold” rating for the company in a report on Thursday, April 27th. Capital One Financial Corporation downgraded Procter & Gamble Company (The) from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $5.00 to $2.00 in a report on Thursday, June 22nd. Finally, BidaskClub downgraded Procter & Gamble Company (The) from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $87.48.

The company has a market capitalization of $235.80 billion, a price-to-earnings ratio of 16.53 and a beta of 0.68. The stock’s 50-day moving average price is $89.57 and its 200-day moving average price is $89.11.

Procter & Gamble Company (The) (NYSE:PG) last announced its quarterly earnings data on Thursday, July 27th. The company reported $0.85 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.07. The business had revenue of $16.08 billion for the quarter, compared to analysts’ expectations of $16.01 billion. Procter & Gamble Company (The) had a net margin of 23.56% and a return on equity of 19.97%. The business’s revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.79 earnings per share. Analysts expect that Procter & Gamble Company will post $4.17 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Friday, July 21st were issued a $0.6896 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date of this dividend was Wednesday, July 19th. Procter & Gamble Company (The)’s dividend payout ratio (DPR) is presently 49.37%.

A number of large investors have recently made changes to their positions in PG. Asset Planning Services Ltd. boosted its stake in shares of Procter & Gamble Company (The) by 0.4% in the second quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock worth $104,000 after buying an additional 5 shares during the period. Harding Loevner LP purchased a new stake in Procter & Gamble Company (The) during the second quarter worth approximately $119,000. Blume Capital Management Inc. boosted its stake in Procter & Gamble Company (The) by 25.4% in the second quarter. Blume Capital Management Inc. now owns 1,482 shares of the company’s stock worth $129,000 after buying an additional 300 shares during the last quarter. Riggs Asset Managment Co. Inc. boosted its stake in Procter & Gamble Company (The) by 11.9% in the first quarter. Riggs Asset Managment Co. Inc. now owns 1,603 shares of the company’s stock worth $144,000 after buying an additional 170 shares during the last quarter. Finally, Edge Wealth Management LLC boosted its stake in Procter & Gamble Company (The) by 17.1% in the first quarter. Edge Wealth Management LLC now owns 1,640 shares of the company’s stock worth $148,000 after buying an additional 240 shares during the last quarter. Institutional investors and hedge funds own 59.48% of the company’s stock.

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About Procter & Gamble Company (The)

The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.

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