Procter & Gamble Company (The) (NYSE:PG) Receives Average Rating of “Moderate Buy” from Analysts

Procter & Gamble Company (The) (NYSE:PG) has received a consensus recommendation of “Moderate Buy” from the twenty-three brokerages that are presently covering the company, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $178.45.

Several equities analysts recently weighed in on PG shares. Evercore ISI restated an “outperform” rating and issued a $190.00 price target (up previously from $170.00) on shares of Procter & Gamble in a research note on Tuesday, June 3rd. Morgan Stanley set a $180.00 price objective on Procter & Gamble and gave the company an “overweight” rating in a report on Friday, April 25th. Piper Sandler upped their price target on Procter & Gamble from $160.00 to $164.00 and gave the stock a “neutral” rating in a research note on Monday, May 5th. Erste Group Bank cut Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 30th. Finally, Redburn Partners set a $161.00 target price on Procter & Gamble in a report on Thursday, May 1st.

Insider Transactions at Procter & Gamble

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

Hedge Funds Weigh In On Procter & Gamble

Several hedge funds have recently bought and sold shares of the company. NewSquare Capital LLC grew its holdings in shares of Procter & Gamble by 933.3% during the 4th quarter. NewSquare Capital LLC now owns 155 shares of the company’s stock valued at $26,000 after purchasing an additional 140 shares during the last quarter. Nova Wealth Management Inc. bought a new stake in shares of Procter & Gamble in the 1st quarter valued at $26,000. Navigoe LLC acquired a new position in shares of Procter & Gamble during the 4th quarter valued at $31,000. Capital A Wealth Management LLC acquired a new position in shares of Procter & Gamble during the 4th quarter valued at $31,000. Finally, Hoey Investments Inc. lifted its position in shares of Procter & Gamble by 321.7% during the 4th quarter. Hoey Investments Inc. now owns 194 shares of the company’s stock valued at $33,000 after acquiring an additional 148 shares during the period. 65.77% of the stock is owned by institutional investors.

Procter & Gamble Stock Down 0.8%

Shares of NYSE:PG opened at $159.03 on Thursday. The business’s 50 day moving average is $162.88 and its 200 day moving average is $165.83. The company has a quick ratio of 0.50, a current ratio of 0.71 and a debt-to-equity ratio of 0.47. The stock has a market cap of $372.85 billion, a P/E ratio of 25.24, a price-to-earnings-growth ratio of 4.73 and a beta of 0.43. Procter & Gamble has a 52-week low of $156.58 and a 52-week high of $180.43.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.53 by $0.01. Procter & Gamble had a return on equity of 32.67% and a net margin of 18.46%. The firm had revenue of $19.78 billion during the quarter, compared to analyst estimates of $20.42 billion. During the same quarter in the prior year, the business posted $1.52 EPS. The business’s revenue for the quarter was down 2.1% compared to the same quarter last year. Sell-side analysts predict that Procter & Gamble will post 6.91 EPS for the current year.

Procter & Gamble Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, April 21st were given a $1.0568 dividend. The ex-dividend date was Monday, April 21st. This is a positive change from Procter & Gamble’s previous quarterly dividend of $1.01. This represents a $4.23 dividend on an annualized basis and a yield of 2.66%. Procter & Gamble’s payout ratio is 67.14%.

Procter & Gamble Company Profile

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.