Procter & Gamble CFO Sells Shares Amid Mixed Analyst Sentiment

Procter & Gamble's Chief Financial Officer, Andre Schulten, sold 3,914 shares of the company's stock on October 5th. The shares were sold at an average price of $145.34, totaling $568,860.76. Following this transaction, Schulten still holds 65,618 shares, valued at approximately $9,536,920.12. The sale reduced his stake in the company by 5.63% and was made to cover tax obligations related to the vesting of equity awards.

On the same day, Procter & Gamble's stock (NYSE: PG) saw a slight increase, trading up $2.40 to reach $148.34. The trading volume was higher than average, with 11,232,253 shares exchanged compared to the usual 9,677,071. The company's stock has a fifty-day moving average of $145.67 and a 200-day moving average of $145.97. Procter & Gamble has a market capitalization of $344.55 billion, a PE ratio of 22.41, and a PEG ratio of 3.60.

The company recently reported its quarterly earnings, with $1.43 earnings per share, beating analysts' estimates by $0.02. Revenue for the quarter was $21.20 billion, slightly below the consensus estimate of $21.38 billion. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. The company also announced a quarterly dividend of $1.0885 per share, paid on August 17th, representing a $4.35 annualized dividend and a yield of 2.9%.

Analysts have mixed views on Procter & Gamble. Evercore ISI upgraded the stock and raised its price target to $166, while Royal Bank of Canada maintained an “outperform” rating with a slightly reduced target of $166. Other analysts, such as Barclays and Citigroup, have varying price objectives and ratings. Institutional investors, including BlackRock Inc. and State Street Corp, have recently adjusted their stakes in the company.