Procter & Gamble (NYSE:PG) Shares Up 0.6%

The Procter & Gamble Company (NYSE:PGGet Free Report)’s stock price rose 0.6% during mid-day trading on Monday . The stock traded as high as $167.99 and last traded at $167.82. Approximately 765,875 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 6,452,189 shares. The stock had previously closed at $166.79.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Jefferies Financial Group lifted their price target 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. Truist Financial upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and upped their price target for the stock from $160.00 to $175.00 in a research note on Monday, March 11th. The Goldman Sachs Group started coverage on shares of Procter & Gamble in a report on Friday, March 1st. They issued a “neutral” rating and a $168.00 target price for the company. Argus raised their price target on shares of Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Finally, Barclays upped their price objective on Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a research report on Tuesday, April 23rd. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $169.76.

Check Out Our Latest Stock Report on PG

Procter & Gamble Stock Performance

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 fifty day moving average price is $163.40 and its two-hundred day moving average price is $157.54. The stock has a market capitalization of $397.90 billion, a PE ratio of 27.42, a price-to-earnings-growth ratio of 3.39 and a beta of 0.42.

Procter & Gamble (NYSE:PGGet Free Report) last posted its quarterly earnings data on Friday, April 19th. The company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.10. The business had revenue of $20.20 billion for the quarter, compared to the consensus estimate of $20.43 billion. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. The company’s revenue was up .6% compared to the same quarter last year. During the same period last year, the firm posted $1.37 earnings per share. As a group, equities research analysts forecast that The Procter & Gamble Company will post 6.55 EPS for the current year.

Procter & Gamble Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th were paid a $1.0065 dividend. The ex-dividend date was Thursday, April 18th. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.39%. Procter & Gamble’s dividend payout ratio (DPR) is 65.85%.

Insider Activity at Procter & Gamble

In other news, insider Balaji Purushothaman sold 28,369 shares of the business’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 value of $4,581,309.81. Following the sale, the insider now directly owns 11,507 shares of the company’s stock, valued at approximately $1,858,265.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Moses Victor Javier Aguilar sold 9,149 shares of Procter & Gamble stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $167.72, for a total value of $1,534,470.28. Following the completion of the transaction, the insider now owns 12,929 shares in the company, valued at $2,168,451.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Balaji Purushothaman sold 28,369 shares of Procter & Gamble stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $161.49, for a total transaction of $4,581,309.81. Following the sale, the insider now directly owns 11,507 shares of the company’s stock, valued at $1,858,265.43. The disclosure for this sale can be found here. Over the last three months, insiders have sold 154,544 shares of company stock worth $25,413,051. Insiders own 0.17% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. SRN Advisors LLC boosted its position in shares of Procter & Gamble by 4.5% in the 1st quarter. SRN Advisors LLC now owns 6,197 shares of the company’s stock worth $1,005,000 after buying an additional 268 shares in the last quarter. NBW Capital LLC acquired a new stake in shares of Procter & Gamble in the first quarter valued at approximately $273,000. Keynote Financial Services LLC purchased a new position in shares of Procter & Gamble during the 1st quarter worth approximately $2,250,000. Mosaic Family Wealth Partners LLC raised its position in shares of Procter & Gamble by 15.0% during the 1st quarter. Mosaic Family Wealth Partners LLC now owns 8,745 shares of the company’s stock worth $1,419,000 after purchasing an additional 1,142 shares during the last quarter. Finally, OMC Financial Services LTD acquired a new stake in Procter & Gamble during the 1st quarter valued at $869,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

About Procter & Gamble

(Get Free Report)

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.

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