Procter & Gamble (NYSE:PG) Given Outperform Rating at BNP Paribas

BNP Paribas reissued their outperform rating on shares of Procter & Gamble (NYSE:PG) in a report released on Friday,Benzinga reports. The brokerage currently has a $177.00 price target on the stock.

PG has been the subject of a number of other reports. Barclays set a $164.00 price objective on shares of Procter & Gamble and gave the company an “equal weight” rating in a research report on Thursday, July 31st. Truist Financial reduced their price target on shares of Procter & Gamble from $185.00 to $180.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Piper Sandler increased their price target on shares of Procter & Gamble from $160.00 to $164.00 and gave the stock a “neutral” rating in a research report on Monday, May 5th. Redburn Partners set a $161.00 price target on shares of Procter & Gamble in a research report on Thursday, May 1st. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $170.00 price target (down previously from $178.00) on shares of Procter & Gamble in a research report on Friday, July 25th. Seven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Procter & Gamble presently has an average rating of “Moderate Buy” and an average price target of $175.94.

Procter & Gamble Stock Performance

NYSE:PG opened at $154.30 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.70 and a quick ratio of 0.49. The firm has a 50-day moving average of $157.19 and a two-hundred day moving average of $163.29. The stock has a market cap of $361.43 billion, a P/E ratio of 23.70, a PEG ratio of 4.06 and a beta of 0.37. Procter & Gamble has a 1-year low of $149.91 and a 1-year high of $180.43.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.06. The company had revenue of $20.89 billion during the quarter, compared to analysts’ expectations of $20.79 billion. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.40 EPS. On average, research analysts expect that Procter & Gamble will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, July 18th were issued a $1.0568 dividend. The ex-dividend date of this dividend was Friday, July 18th. This represents a $4.23 dividend on an annualized basis and a yield of 2.7%. Procter & Gamble’s dividend payout ratio (DPR) is currently 64.98%.

Hedge Funds Weigh In On Procter & Gamble

Large investors have recently bought and sold shares of the business. MUFG Securities EMEA plc acquired a new stake in shares of Procter & Gamble in the second quarter valued at approximately $1,104,000. Howland Capital Management LLC increased its stake in shares of Procter & Gamble by 6.4% in the second quarter. Howland Capital Management LLC now owns 158,127 shares of the company’s stock valued at $25,193,000 after purchasing an additional 9,484 shares during the period. U S Wealth Group LLC. increased its stake in shares of Procter & Gamble by 3.7% in the second quarter. U S Wealth Group LLC. now owns 13,067 shares of the company’s stock valued at $2,082,000 after purchasing an additional 469 shares during the period. Binnacle Investments Inc increased its stake in shares of Procter & Gamble by 7.0% in the second quarter. Binnacle Investments Inc now owns 1,097 shares of the company’s stock valued at $175,000 after purchasing an additional 72 shares during the period. Finally, Rakuten Securities Inc. increased its stake in shares of Procter & Gamble by 41.2% in the second quarter. Rakuten Securities Inc. now owns 2,000 shares of the company’s stock valued at $319,000 after purchasing an additional 584 shares during the period. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Company Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.