Procter & Gamble (NYSE:PG) Trading Up 0.5% After Analyst Upgrade

The Procter & Gamble Company (NYSE:PG) shares traded up 0.5% during trading on Tuesday after Barclays raised their price target on the stock from $168.00 to $170.00. Barclays currently has an overweight rating on the stock. Procter & Gamble traded as high as $162.10 and last traded at $161.29. 1,582,521 shares traded hands during trading, a decline of 77% from the average session volume of 6,886,571 shares. The stock had previously closed at $160.54.

PG has been the subject of several other reports. Jefferies Financial Group raised their price target on Procter & Gamble from $175.00 to $182.00 and gave the stock a “buy” rating in a research report on Monday. JPMorgan Chase & Co. lowered their price target on Procter & Gamble from $169.00 to $162.00 and set an “overweight” rating for the company in a research report on Thursday, January 18th. Deutsche Bank Aktiengesellschaft lowered their price target on Procter & Gamble from $172.00 to $171.00 and set a “buy” rating for the company in a research report on Monday. Raymond James raised their price target on Procter & Gamble from $170.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. Finally, Truist Financial upgraded Procter & Gamble from a “hold” rating to a “buy” rating and increased their price objective for the company from $160.00 to $175.00 in a research note on Monday, March 11th. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $168.81.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, insider Susan Street Whaley sold 3,865 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $160.60, for a total value of $620,719.00. Following the sale, the insider now directly owns 11,886 shares in the company, valued at $1,908,891.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, insider Balaji Purushothaman sold 28,369 shares of Procter & Gamble stock in a transaction dated 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 owns 11,507 shares in the company, valued at $1,858,265.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Susan Street Whaley sold 3,865 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $160.60, for a total value of $620,719.00. Following the transaction, the insider now directly owns 11,886 shares in the company, valued at approximately $1,908,891.60. The disclosure for this sale can be found here. Insiders have sold a total of 100,865 shares of company stock worth $16,029,280 over the last ninety days. Corporate insiders own 0.17% of the company’s stock.

Hedge Funds Weigh In On Procter & Gamble

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Advantage Trust Co purchased a new position in shares of Procter & Gamble during the fourth quarter worth about $28,000. Naples Money Management LLC acquired a new position in Procter & Gamble during the 4th quarter worth approximately $29,000. Wyrmwood Management LLC acquired a new stake in shares of Procter & Gamble in the 4th quarter worth approximately $29,000. Transcendent Capital Group LLC acquired a new stake in shares of Procter & Gamble in the 4th quarter worth approximately $31,000. Finally, MeadowBrook Investment Advisors LLC acquired a new stake in shares of Procter & Gamble in the 4th quarter worth approximately $33,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Trading Up 0.7 %

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 business has a 50 day moving average of $159.46 and a 200-day moving average of $153.32. The stock has a market cap of $383.71 billion, a PE ratio of 26.57, a price-to-earnings-growth ratio of 3.23 and a beta of 0.44.

Procter & Gamble (NYSE:PG) last posted its earnings results on Friday, April 19th. The company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.10. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The firm had revenue of $20.20 billion for the quarter, compared to analyst estimates of $20.43 billion. During the same quarter in the prior year, the company earned $1.37 EPS. Procter & Gamble’s revenue was up .6% on a year-over-year basis. On average, analysts anticipate that The Procter & Gamble Company will post 6.54 EPS for the current year.

Procter & Gamble Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, April 19th will be given a $1.0065 dividend. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 annualized dividend and a dividend yield of 2.48%. The ex-dividend date of this dividend is Thursday, April 18th. Procter & Gamble’s dividend payout ratio (DPR) is 65.85%.

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.