Analysts Set The Procter & Gamble Company (NYSE:PG) Price Target at $181.47

Shares of The Procter & Gamble Company (NYSE:PG) have been assigned an average recommendation of “Moderate Buy” from the twenty-one brokerages that are presently covering the company, MarketBeat.com reports. Six analysts have rated the stock with a hold recommendation, twelve have given a buy recommendation and three have given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $181.47.

Several brokerages have weighed in on PG. Barclays raised their price objective on Procter & Gamble from $155.00 to $159.00 and gave the company an “equal weight” rating in a research note on Thursday, January 23rd. DA Davidson restated a “buy” rating and set a $209.00 price target on shares of Procter & Gamble in a report on Thursday, January 23rd. Royal Bank of Canada reiterated a “sector perform” rating and issued a $164.00 price objective on shares of Procter & Gamble in a research note on Thursday, January 23rd. JPMorgan Chase & Co. decreased their price objective on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. Finally, Piper Sandler cut their target price on shares of Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating for the company in a research report on Monday, February 24th.

Insider Buying and Selling at Procter & Gamble

In related news, CEO Gary A. Coombe sold 35,000 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $173.68, for a total transaction of $6,078,800.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Marc S. Pritchard sold 90,450 shares of Procter & Gamble stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the completion of the sale, the insider now owns 172,814 shares in the company, valued at approximately $28,313,845.76. This trade represents a 34.36 % 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 ninety days. Insiders own 0.18% of the company’s stock.

Institutional Investors Weigh In On Procter & Gamble

Several institutional investors and hedge funds have recently modified their holdings of the stock. NewSquare Capital LLC lifted its position in 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 period. Navigoe LLC bought a new position in shares of Procter & Gamble in the 4th quarter worth about $31,000. Capital A Wealth Management LLC purchased a new position in Procter & Gamble during the 4th quarter valued at about $31,000. RPg Family Wealth Advisory LLC bought a new stake in Procter & Gamble during the third quarter worth about $33,000. Finally, Hoey Investments Inc. grew its holdings in Procter & Gamble by 321.7% in the fourth quarter. Hoey Investments Inc. now owns 194 shares of the company’s stock worth $33,000 after purchasing an additional 148 shares during the period. 65.77% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Trading Down 0.6 %

Shares of Procter & Gamble stock opened at $165.73 on Tuesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76. Procter & Gamble has a 52 week low of $153.52 and a 52 week high of $180.43. The stock has a 50 day moving average price of $168.11 and a two-hundred day moving average price of $169.58. The stock has a market capitalization of $388.61 billion, a PE ratio of 26.39, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.02. The business had revenue of $21.88 billion during the quarter, compared to analyst estimates of $21.66 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. Procter & Gamble’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.84 EPS. As a group, equities analysts anticipate that Procter & Gamble will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 24th were given a $1.0065 dividend. The ex-dividend date of this dividend was Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a yield of 2.43%. Procter & Gamble’s payout ratio is 64.01%.

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.