Brokerages Set Procter & Gamble Company (The) (NYSE:PG) Target Price at $161.55

Procter & Gamble Company (The) (NYSE:PG) has received an average rating of “Moderate Buy” from the twenty-three research firms that are presently covering the firm, MarketBeat Ratings reports. Ten analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $161.55.

Several brokerages recently issued reports on PG. Jefferies Financial Group boosted their price target on Procter & Gamble from $177.00 to $179.00 and gave the company a “buy” rating in a research report on Friday, June 26th. Argus cut Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Friday, August 7th. Bank of America lowered their target price on Procter & Gamble from $170.00 to $166.00 and set a “buy” rating on the stock in a research note on Friday, July 10th. HSBC reissued a “hold” rating and issued a $149.00 target price (down from $182.00) on shares of Procter & Gamble in a report on Thursday, July 30th. Finally, Citigroup decreased their price target on Procter & Gamble from $181.00 to $170.00 and set a “buy” rating for the company in a report on Thursday, July 30th.

Insider Transactions at Procter & Gamble

In other news, CAO Matthew Janzaruk sold 359 shares of the firm’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $145.24, for a total value of $52,141.16. Following the completion of the sale, the chief accounting officer owned 1,271 shares in the company, valued at approximately $184,600.04. This trade represents a 22.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Marc Pritchard sold 4,030 shares of Procter & Gamble stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $143.79, for a total transaction of $579,473.70. Following the completion of the sale, the insider directly owned 187,001 shares in the company, valued at approximately $26,888,873.79. The trade was a 2.11% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 6,627 shares of company stock worth $953,417. Company insiders own 0.23% of the company’s stock.

Hedge Funds Weigh In On Procter & Gamble

A number of large investors have recently modified their holdings of PG. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in Procter & Gamble in the second quarter valued at $26,000. Evolution Wealth Management Inc. grew its stake in shares of Procter & Gamble by 1,315.4% during the 4th quarter. Evolution Wealth Management Inc. now owns 184 shares of the company’s stock worth $26,000 after purchasing an additional 171 shares during the period. Basso Capital Management L.P. purchased a new position in shares of Procter & Gamble in the 4th quarter valued at about $28,000. Montgomery Financial Services LLC purchased a new position in shares of Procter & Gamble in the 2nd quarter valued at about $28,000. Finally, Paladin Partners LLC acquired a new stake in shares of Procter & Gamble in the second quarter valued at about $29,000. 65.77% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Stock Down 0.1%

Shares of NYSE:PG opened at $146.25 on Friday. The stock has a market cap of $339.69 billion, a P/E ratio of 22.09, a P/E/G ratio of 3.63 and a beta of 0.39. The firm has a fifty day moving average price of $146.06 and a 200 day moving average price of $146.46. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.68 and a quick ratio of 0.47. Procter & Gamble has a 1-year low of $137.62 and a 1-year high of $167.25.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.02. Procter & Gamble had a net margin of 18.44% and a return on equity of 31.36%. The company had revenue of $21.20 billion for the quarter, compared to analyst estimates of $21.38 billion. During the same period in the previous year, the business posted $1.48 earnings per share. Procter & Gamble’s quarterly revenue was up 1.5% on a year-over-year basis. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. Sell-side analysts predict that Procter & Gamble will post 6.99 EPS for the current year.

Procter & Gamble Announces Dividend

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

About Procter & Gamble

Procter & Gamble Company is a global consumer products company that develops, manufactures and markets branded products used in households and personal care. Its portfolio spans beauty, grooming, health care, fabric and home care, and family care products.

The company’s brands include Tide, Ariel, Downy, Dawn, Febreze, Bounty, Charmin, Pampers, Gillette, Oral-B, Crest, Head & Shoulders, Olay and Pantene. These products are sold through retailers, e-commerce platforms and other distribution channels.

Procter & Gamble was founded in Cincinnati in 1837 by William Procter and James Gamble.