Procter & Gamble Insider Susan Whaley Sells 2,369 Shares

Procter & Gamble (NYSE: PG) insider Susan Whaley sold 2,369 shares of the company’s stock on October 5th. The shares were sold at an average price of $145.34, totaling $344,310.46. After the transaction, Whaley still holds 30,730 shares, valued at approximately $4.47 million. The sale represented a 7.16% reduction in her ownership. The transaction was disclosed in an SEC filing, indicating that the sale was made to cover tax withholding obligations related to the vesting of equity awards.

Whaley had previously sold 2,238 shares on August 20th at an average price of $143.79, totaling $321,802.02. Procter & Gamble’s stock price has seen some volatility, with a 50-day moving average of $145.67 and a 200-day moving average of $145.97. The stock recently closed at $148.34, reflecting a $2.40 increase. The company’s market capitalization stands at $344.55 billion, with a price-to-earnings ratio of 22.41.

The company reported quarterly earnings on July 29th, with earnings per share (EPS) of $1.43, exceeding the consensus estimate of $1.41. However, revenue of $21.20 billion fell slightly short of the expected $21.38 billion. Procter & Gamble has maintained a strong return on equity of 31.36% and a net margin of 18.44%. The company has also declared a quarterly dividend of $1.0885, paid on August 17th, representing a dividend 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. Other analysts, such as Sanford C. Bernstein, have given the stock a “market perform” rating with a target price of $149.00. The average analyst rating is “Moderate Buy,” with an average target price of $161.70.