Procter & Gamble (NYSE:PG) Price Target Lowered to $172.00 at JPMorgan Chase & Co.

Procter & Gamble (NYSE:PG) had its price target decreased by analysts at JPMorgan Chase & Co. from $181.00 to $172.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 3.02% from the company’s previous close.

Several other analysts have also commented on the stock. Truist Financial increased their target price on shares of Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, April 3rd. Royal Bank of Canada reiterated a “sector perform” rating and set a $164.00 price objective on shares of Procter & Gamble in a research report on Thursday, January 23rd. Erste Group Bank upgraded Procter & Gamble from a “hold” rating to a “strong-buy” rating in a report on Monday, March 17th. Wells Fargo & Company upped their target price on Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Finally, DA Davidson reissued a “buy” rating and issued a $209.00 price target on shares of Procter & Gamble in a research note on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $181.50.

Procter & Gamble Stock Performance

PG opened at $166.96 on Friday. Procter & Gamble has a twelve month low of $153.52 and a twelve month high of $180.43. The stock has a market cap of $391.50 billion, a PE ratio of 26.59, a price-to-earnings-growth ratio of 3.76 and a beta of 0.43. The business’s 50 day moving average is $168.35 and its 200-day moving average is $168.62. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.02. The business had revenue of $21.88 billion during the quarter, compared to analysts’ expectations of $21.66 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The business’s revenue was up 2.1% on a year-over-year basis. During the same period last year, the firm posted $1.84 earnings per share. On average, analysts predict that Procter & Gamble will post 6.91 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Marc S. Pritchard sold 90,450 shares of the firm’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the completion of the transaction, the insider now owns 172,814 shares in the company, valued at $28,313,845.76. This trade represents a 34.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gary A. Coombe sold 35,000 shares of the business’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $173.68, for a total transaction of $6,078,800.00. Following the completion of the sale, the chief executive officer now owns 22,051 shares in the company, valued at $3,829,817.68. This represents a 61.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 143,450 shares of company stock worth $23,988,008 over the last 90 days. Corporate insiders own 0.18% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in PG. Reliant Investment Management LLC raised its position in shares of Procter & Gamble by 69.4% during the first quarter. Reliant Investment Management LLC now owns 11,713 shares of the company’s stock worth $1,996,000 after acquiring an additional 4,800 shares during the last quarter. Pine Haven Investment Counsel Inc increased its position in Procter & Gamble by 0.7% in the first quarter. Pine Haven Investment Counsel Inc now owns 11,612 shares of the company’s stock worth $1,979,000 after purchasing an additional 86 shares during the period. Gateway Investment Advisers LLC raised its holdings in Procter & Gamble by 10.9% during the 1st quarter. Gateway Investment Advisers LLC now owns 623,235 shares of the company’s stock worth $106,212,000 after purchasing an additional 61,480 shares during the last quarter. Stokes Capital Advisors LLC boosted its stake in shares of Procter & Gamble by 3.5% in the 1st quarter. Stokes Capital Advisors LLC now owns 47,036 shares of the company’s stock valued at $8,016,000 after purchasing an additional 1,606 shares during the last quarter. Finally, Harrington Investments INC grew its position in shares of Procter & Gamble by 2.0% during the 1st quarter. Harrington Investments INC now owns 9,807 shares of the company’s stock worth $1,671,000 after buying an additional 190 shares during the period. Institutional investors and hedge funds 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.