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

Procter & Gamble (NYSE:PG) had its price objective upped by Argus from $180.00 to $185.00 in a report published on Thursday morning, Benzinga reports. They currently have a buy rating on the stock.

PG has been the subject of a number of other research reports. Barclays lifted their price objective on shares of Procter & Gamble from $168.00 to $170.00 and gave the company an overweight rating in a report on Tuesday, April 23rd. Royal Bank of Canada increased their price objective on shares of Procter & Gamble from $156.00 to $157.00 and gave the company a sector perform rating in a research report on Wednesday, January 24th. Stifel Nicolaus increased their price objective on shares of Procter & Gamble from $155.00 to $157.00 and gave the company a hold rating in a research report on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Procter & Gamble from $172.00 to $171.00 and set a buy rating on the stock in a research report on Monday, April 22nd. Finally, Truist Financial raised shares of Procter & Gamble from a hold rating to a buy rating and increased their price objective for the company from $160.00 to $175.00 in a research report on Monday, March 11th. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Procter & Gamble has an average rating of Moderate Buy and a consensus price target of $169.76.

Procter & Gamble Trading Down 0.8 %

Shares of PG stock opened at $161.29 on Thursday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.48 and a current ratio of 0.69. The stock has a market capitalization of $380.67 billion, a P/E ratio of 26.35, a price-to-earnings-growth ratio of 3.27 and a beta of 0.44. The company has a 50 day moving average price of $159.64 and a 200 day moving average price of $153.57. Procter & Gamble has a fifty-two week low of $141.45 and a fifty-two week high of $164.32.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Friday, April 19th. The company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.10. The firm had revenue of $20.20 billion during the quarter, compared to analysts’ expectations of $20.43 billion. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. The business’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.37 earnings per share. Equities research analysts predict that Procter & Gamble will post 6.55 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, April 19th will be paid a dividend of $1.0065 per share. The ex-dividend date of this dividend is Thursday, April 18th. This represents a $4.03 dividend on an annualized basis and a yield of 2.50%. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.94. Procter & Gamble’s dividend payout ratio is currently 65.85%.

Insider Buying and Selling

In related news, insider Balaji Purushothaman sold 28,369 shares of the stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $161.49, for a total transaction of $4,581,309.81. Following the completion of the sale, the insider now owns 11,507 shares in the company, valued at approximately $1,858,265.43. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, insider Balaji Purushothaman sold 28,369 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $161.49, for a total value of $4,581,309.81. Following the completion of the sale, the insider now owns 11,507 shares in the company, valued at approximately $1,858,265.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Susan Street Whaley sold 3,865 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $160.60, for a total transaction of $620,719.00. Following the completion of the sale, the insider now owns 11,886 shares of the company’s stock, valued at approximately $1,908,891.60. The disclosure for this sale can be found here. Insiders sold a total of 100,865 shares of company stock worth $16,029,280 in the last 90 days. Company insiders own 0.17% of the company’s stock.

Institutional Trading of Procter & Gamble

Several hedge funds have recently made changes to their positions in PG. Demars Financial Group LLC lifted its stake in shares of Procter & Gamble by 4.4% in the fourth quarter. Demars Financial Group LLC now owns 1,497 shares of the company’s stock valued at $219,000 after purchasing an additional 63 shares during the period. Emerald Advisors LLC lifted its stake in shares of Procter & Gamble by 1.8% in the fourth quarter. Emerald Advisors LLC now owns 3,775 shares of the company’s stock valued at $553,000 after purchasing an additional 65 shares during the period. O Brien Wealth Partners LLC lifted its stake in shares of Procter & Gamble by 3.3% in the fourth quarter. O Brien Wealth Partners LLC now owns 2,062 shares of the company’s stock valued at $302,000 after purchasing an additional 65 shares during the period. Mechanics Financial Corp lifted its stake in shares of Procter & Gamble by 0.4% in the fourth quarter. Mechanics Financial Corp now owns 16,184 shares of the company’s stock valued at $2,372,000 after purchasing an additional 65 shares during the period. Finally, Patrick M Sweeney & Associates Inc. lifted its stake in shares of Procter & Gamble by 1.2% in the first quarter. Patrick M Sweeney & Associates Inc. now owns 5,266 shares of the company’s stock valued at $854,000 after purchasing an additional 65 shares during the period. Institutional investors and hedge funds own 65.77% of the company’s stock.

About Procter & Gamble

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.