Procter & Gamble (NYSE:PG) Price Target Raised to $185.00

Procter & Gamble (NYSE:PG) had its price objective lifted by Truist Financial from $180.00 to $185.00 in a research note issued to investors on Thursday,Benzinga reports. They currently have a buy rating on the stock.

Several other research firms also recently weighed in on PG. JPMorgan Chase & Co. lowered their price target on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. DA Davidson reissued a “buy” rating and issued a $209.00 target price on shares of Procter & Gamble in a research note on Thursday, January 23rd. Wells Fargo & Company raised their price target on Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Royal Bank of Canada reissued a “sector perform” rating and set a $164.00 price objective on shares of Procter & Gamble in a research note on Thursday, January 23rd. Finally, UBS Group reaffirmed a “buy” rating on shares of Procter & Gamble in a research note on Monday, February 10th. Seven analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $182.00.

Procter & Gamble Stock Performance

Procter & Gamble stock opened at $163.73 on Thursday. Procter & Gamble has a fifty-two week low of $153.52 and a fifty-two week high of $180.43. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76. The stock has a market cap of $383.92 billion, a P/E ratio of 26.07, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41. The firm’s fifty day moving average price is $169.17 and its 200-day moving average price is $169.15.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.02. The business had revenue of $21.88 billion for the quarter, compared to the consensus estimate of $21.66 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the business posted $1.84 earnings per share. On average, equities 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 declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 24th were given a dividend of $1.0065 per share. The ex-dividend date was Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a yield of 2.46%. Procter & Gamble’s dividend payout ratio (DPR) is currently 64.01%.

Insiders Place Their Bets

In other Procter & Gamble news, CEO Gary A. Coombe sold 18,000 shares of the business’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $171.66, for a total value of $3,089,880.00. Following the sale, the chief executive officer now directly owns 22,051 shares of the company’s stock, valued at approximately $3,785,274.66. The trade was a 44.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Marc S. Pritchard sold 90,450 shares of the firm’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total value of $14,819,328.00. Following the transaction, the insider now owns 172,814 shares of the company’s stock, valued at $28,313,845.76. The trade was a 34.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 143,450 shares of company stock worth $23,988,008. 0.18% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Procter & Gamble

Institutional investors and hedge funds have recently made changes to their positions in the company. NewSquare Capital LLC boosted its position in shares of Procter & Gamble by 933.3% during the fourth quarter. NewSquare Capital LLC now owns 155 shares of the company’s stock valued at $26,000 after buying an additional 140 shares during the last quarter. Navigoe LLC purchased a new stake in shares of Procter & Gamble during the 4th quarter valued at about $31,000. Capital A Wealth Management LLC purchased a new position in shares of Procter & Gamble during the fourth quarter valued at approximately $31,000. Hoey Investments Inc. lifted its position in Procter & Gamble by 321.7% during the fourth quarter. Hoey Investments Inc. now owns 194 shares of the company’s stock valued at $33,000 after purchasing an additional 148 shares during the period. Finally, LFA Lugano Financial Advisors SA purchased a new stake in Procter & Gamble in the fourth quarter worth approximately $34,000. Institutional investors own 65.77% of the company’s stock.

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.