Procter & Gamble (NYSE:PG) Stock Price Down 0.2%

The Procter & Gamble Company (NYSE:PG) shares fell 0.2% during trading on Friday . The company traded as low as $165.99 and last traded at $166.34. 793,393 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 6,528,090 shares. The stock had previously closed at $166.62.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on PG. Jefferies Financial Group lifted their price objective on shares of Procter & Gamble from $175.00 to $182.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Procter & Gamble from $172.00 to $171.00 and set a “buy” rating for the company in a research report on Monday, April 22nd. BNP Paribas assumed coverage on shares of Procter & Gamble in a report on Monday, June 24th. They set an “outperform” rating and a $187.00 target price for the company. Truist Financial raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and lifted their target price for the stock from $160.00 to $175.00 in a report on Monday, March 11th. Finally, Argus lifted their target price on shares of Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, Procter & Gamble currently has an average rating of “Moderate Buy” and an average price target of $170.72.

Procter & Gamble Stock Down 1.0 %

The company has a current ratio of 0.69, a quick ratio of 0.48 and a debt-to-equity ratio of 0.49. The firm’s 50 day simple moving average is $165.60 and its two-hundred day simple moving average is $158.81. The firm has a market cap of $389.23 billion, a price-to-earnings ratio of 26.95, a PEG ratio of 3.38 and a beta of 0.42.

Procter & Gamble (NYSE:PG) last issued its earnings results on Friday, April 19th. The company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.42 by $0.10. The company 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 revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.37 EPS. On average, equities analysts forecast that The Procter & Gamble Company will post 6.55 EPS for the current year.

Procter & Gamble Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th were given a $1.0065 dividend. The ex-dividend date of this dividend was Thursday, April 18th. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 annualized dividend and a dividend yield of 2.44%. Procter & Gamble’s payout ratio is presently 65.69%.

Insider Activity

In other news, CEO R. Alexandra Keith sold 855 shares of the business’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $158.50, for a total value of $135,517.50. Following the completion of the transaction, the chief executive officer now directly owns 4,004 shares in the company, valued at approximately $634,634. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Balaji Purushothaman sold 28,369 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now directly owns 11,507 shares in the company, valued at approximately $1,858,265.43. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO R. Alexandra Keith sold 855 shares of the company’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $158.50, for a total transaction of $135,517.50. Following the transaction, the chief executive officer now owns 4,004 shares of the company’s stock, valued at $634,634. The disclosure for this sale can be found here. In the last ninety days, insiders sold 154,544 shares of company stock worth $25,413,051. 0.17% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Procter & Gamble

Institutional investors have recently added to or reduced their stakes in the stock. Alera Investment Advisors LLC grew its holdings in Procter & Gamble by 1.2% during the 1st quarter. Alera Investment Advisors LLC now owns 5,007 shares of the company’s stock worth $812,000 after acquiring an additional 60 shares during the last quarter. Demars Financial Group LLC grew its holdings in Procter & Gamble by 4.4% during the 4th quarter. Demars Financial Group LLC now owns 1,497 shares of the company’s stock worth $219,000 after acquiring an additional 63 shares during the last quarter. LCM Capital Management Inc grew its holdings in Procter & Gamble by 1.1% during the 1st quarter. LCM Capital Management Inc now owns 5,701 shares of the company’s stock worth $925,000 after acquiring an additional 63 shares during the last quarter. Emerald Advisors LLC grew its holdings in Procter & Gamble by 1.8% during the 4th quarter. Emerald Advisors LLC now owns 3,775 shares of the company’s stock worth $553,000 after acquiring an additional 65 shares during the last quarter. Finally, O Brien Wealth Partners LLC grew its holdings in Procter & Gamble by 3.3% during the 4th quarter. O Brien Wealth Partners LLC now owns 2,062 shares of the company’s stock worth $302,000 after acquiring an additional 65 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble Company Profile

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.