Procter & Gamble Company (The) (NYSE:PG) Receives $161.19 Average Target Price from Analysts

Procter & Gamble Company (The) (NYSE:PG) has received a consensus rating of “Moderate Buy” from the twenty-four research firms that are presently covering the company, MarketBeat Ratings reports. Eleven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $161.1905.

Several brokerages have commented on PG. Bank of America decreased their target price on shares of Procter & Gamble from $170.00 to $166.00 and set a “buy” rating on the stock in a research report on Friday, July 10th. Citigroup reduced their price objective on shares of Procter & Gamble from $181.00 to $170.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. HSBC reissued a “hold” rating and set a $149.00 price objective (down from $182.00) on shares of Procter & Gamble in a report on Thursday, July 30th. JPMorgan Chase & Co. dropped their target price on shares of Procter & Gamble from $164.00 to $162.00 and set an “overweight” rating for the company in a report on Thursday, July 16th. Finally, Argus lowered Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Friday, August 7th.

Procter & Gamble Stock Performance

Shares of PG stock opened at $143.18 on Tuesday. The company has a current ratio of 0.68, a quick ratio of 0.47 and a debt-to-equity ratio of 0.43. The stock has a 50 day simple moving average of $147.25 and a 200-day simple moving average of $148.31. The company has a market cap of $332.81 billion, a price-to-earnings ratio of 21.63, a price-to-earnings-growth ratio of 4.47 and a beta of 0.39. Procter & Gamble has a 12-month low of $137.62 and a 12-month high of $167.25.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.02. The firm had revenue of $21.20 billion for the quarter, compared to analyst estimates of $21.38 billion. Procter & Gamble had a return on equity of 31.36% and a net margin of 18.44%.Procter & Gamble’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.48 earnings per share. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. On average, equities analysts forecast that Procter & Gamble will post 6.98 EPS for the current year.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Friday, July 24th were issued a dividend of $1.0885 per share. The ex-dividend date of this dividend was Friday, July 24th. This represents a $4.35 annualized dividend and a yield of 3.0%. Procter & Gamble’s payout ratio is currently 65.71%.

Insiders Place Their Bets

In other news, insider Marc S. Pritchard sold 4,030 shares of Procter & Gamble stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $143.79, for a total transaction of $579,473.70. Following the completion of the transaction, the insider owned 187,001 shares of the company’s stock, valued at $26,888,873.79. The trade was a 2.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Susan Street Whaley sold 2,238 shares of the business’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $143.79, for a total transaction of $321,802.02. Following the completion of the sale, the insider owned 26,989 shares in the company, valued at $3,880,748.31. This represents a 7.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 6,627 shares of company stock worth $953,417. 0.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Procter & Gamble

Several hedge funds have recently added to or reduced their stakes in the business. E Fund Management Hong Kong Co. Ltd. raised its position in shares of Procter & Gamble by 1,000.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 165 shares of the company’s stock worth $25,000 after purchasing an additional 150 shares during the last quarter. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in Procter & Gamble during the 2nd quarter valued at $26,000. Litman Gregory Wealth Management LLC purchased a new position in Procter & Gamble during the fourth quarter worth $26,000. Park Square Financial Group LLC increased its position in Procter & Gamble by 65.1% during the fourth quarter. Park Square Financial Group LLC now owns 180 shares of the company’s stock worth $26,000 after buying an additional 71 shares in the last quarter. Finally, Evolution Wealth Management Inc. raised its holdings in shares of Procter & Gamble by 1,315.4% in the fourth quarter. Evolution Wealth Management Inc. now owns 184 shares of the company’s stock worth $26,000 after acquiring an additional 171 shares during the last quarter. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Procter & Gamble Company Profile

Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.