Procter & Gamble Company (The) (NYSE:PG) Receives $176.84 Average Price Target from Brokerages

Shares of Procter & Gamble Company (The) (NYSE:PG) have earned a consensus recommendation of “Moderate Buy” from the twenty ratings firms that are presently covering the stock, MarketBeat reports. Seven equities research analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $176.24.

A number of equities research analysts recently commented on PG shares. Redburn Atlantic lowered Procter & Gamble from a “buy” rating to a “neutral” rating and set a $161.00 price target for the company. in a research report on Thursday, May 1st. Citigroup lowered their price target on Procter & Gamble from $200.00 to $181.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Redburn Partners set a $161.00 target price on Procter & Gamble in a research report on Thursday, May 1st. Truist Financial decreased their target price on Procter & Gamble from $185.00 to $180.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Finally, Erste Group Bank lowered Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 30th.

Insider Buying and Selling at Procter & Gamble

In related news, CEO Jennifer L. Davis sold 1,000 shares of the company’s stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total value of $161,380.00. Following the sale, the chief executive officer directly owned 51,965 shares of the company’s stock, valued at $8,386,111.70. This represents a 1.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the company’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $158.67, for a total value of $1,669,208.40. Following the completion of the sale, the insider directly owned 25,182 shares in the company, valued at approximately $3,995,627.94. The trade was a 29.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Procter & Gamble

A number of institutional investors have recently modified their holdings of the stock. Nova Wealth Management Inc. bought a new position in shares of Procter & Gamble during the first quarter valued at $26,000. Signature Resources Capital Management LLC lifted its holdings in Procter & Gamble by 67.9% in the second quarter. Signature Resources Capital Management LLC now owns 178 shares of the company’s stock valued at $28,000 after acquiring an additional 72 shares during the period. Navigoe LLC bought a new position in Procter & Gamble in the fourth quarter valued at about $31,000. Capital A Wealth Management LLC bought a new position in Procter & Gamble in the fourth quarter valued at about $31,000. Finally, Quarry LP bought a new position in Procter & Gamble in the first quarter valued at about $33,000. 65.77% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Stock Performance

Procter & Gamble stock opened at $158.23 on Monday. The business has a 50 day moving average of $161.19 and a 200-day moving average of $164.26. Procter & Gamble has a 1 year low of $151.90 and a 1 year high of $180.43. The company has a market capitalization of $370.98 billion, a P/E ratio of 25.12, a P/E/G ratio of 4.51 and a beta of 0.40. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.71 and a quick ratio of 0.50.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Thursday, April 24th. The company reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.01. The firm had revenue of $19.78 billion for the quarter, compared to analysts’ expectations of $20.42 billion. Procter & Gamble had a return on equity of 32.67% and a net margin of 18.46%. The company’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.52 EPS. On average, equities research analysts predict that Procter & Gamble will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, July 18th will be issued a dividend of $1.0568 per share. The ex-dividend date of this dividend is Friday, July 18th. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.67%. Procter & Gamble’s dividend payout ratio is presently 66.98%.

About Procter & Gamble

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.