Procter & Gamble Company (The) (NYSE:PG) has been the object of insider selling activity recently. Juan Fernando Posada, President – LA SMO disclosed the sale of 10,000 shares of (PG). The shares were purchased at an average price of $88.58. Posada now owns $1,457,274 of the stock according to the SEC filing. Chief Legal Officer & Secy Deborah P. Majoras let go of 6,069 shares at an average price of $88.33 on August 26th. Majoras now owns $3,300,250 of stock per an SEC filing yesterday.
Today Jeffrey K. Schomburger, Global Sales Officer, CBD disclosed the sale of 2,603 shares of PG stock. The shares were sold on August 24th for an average price of $87.16. The Global Sales Officer, CBD now owns $2,892,638 of the stock per the Form 4 SEC filing.
Here are some other firms who have updated their holdings. As of quarter end Evercore Wealth Management, LLC had disposed of a total of 956 shares trimming its holdings by 1.6%. The value in dollars went from $4,885,000 to $4,944,000 a change of $59,000 quarter to quarter. As of the end of the quarter Pinkerton Retirement Specialists, LLC had bought 28,600 shares growing its position 4,307.2%. The value of the company’s investment in Procter & Gamble Company (The) increased from $60,000 to $2,478,000 a change of 4,030.0% for the reporting period.
BNP Paribas Investment Partners S.A. grew its investment by buying 141,685 shares an increase of 80.8%. BNP Paribas Investment Partners S.A. owns 317,025 shares with a value of $26,843,000. The total value of its holdings increased 92.8%. As of quarter end Macquarie Group Ltd had sold 68 shares trimming its stake by 0.1%. The value of the investment in (PG) went from $5,806,000 to $5,966,000 increasing 2.8% quarter over quarter.
On August 26 the company was changed to a “Buy” according to a Johnson Rice report up from the previous “” rating. On August 15 the company was upgraded to “Buy” from “Neutral” in a report issued by B. Riley.
UBS both upgraded the stock and raised the price target on July 14 changing the price target from $86.00 to $96.00 and raising the rating from “Neutral” to “Buy”. On July 14 the stock rating was upgraded from “Neutral” to “Buy” and a price target of $96.00 was set by UBS.
On June 15, 2016 Jefferies issued its first research report on the stock setting a rating of “Buy” and a price target of $95.00. March 30 investment analysts at B. Riley maintained a stock rating of “Neutral” but moved down the price target to $74.00 from $81.00.
The company is up by 1.09% since yesterday’s close of $88.36. The company also declared a dividend paid on Monday the 15th of August 2016. The dividend was $0.670 per share for the quarter or $2.68 annualized. The dividend yield was $3.05. The ex-dividend date was Wednesday the 20th of July 2016.
It is trading at $89.32 which is a tad above $87.57, the 50 day moving average and a bit higher than the 200 day moving average of $84.18. The 50 day moving average went up $1.63 or +1.87% whereas the 200 day moving average was up $5.02 or +5.97%.
The company’s P/E ratio is 24.15 and the market cap is 238.05B. As of the last earnings report the EPS was $3.69 and is estimated to be $0.02 for the current year with 2,668,751,000 shares currently outstanding. Analysts expect next quarter’s EPS will be $0.12 and the next full year EPS is projected to be $0.05.