Bank of America Lowers Procter & Gamble (NYSE:PG) Price Target to $174.00

Key Points

• Bank of America has reduced its price target for Procter & Gamble from $180.00 to $174.00, maintaining a "buy" rating, which suggests a potential upside of 15.43% from the current stock price.
• Procter & Gamble has recently experienced significant insider selling, with one executive selling nearly $1.55 million in shares, indicating a 5.12% reduction in ownership.
• Despite the lowered price targets from various analysts, Procter & Gamble maintains a "Moderate Buy" consensus rating, with an average target price of $172.58.

Procter & Gamble (NYSE:PG - Get Free Report) had its price objective dropped by Bank of America from $180.00 to $174.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Bank of America's price target would indicate a potential upside of 15.43% from the stock's current price.

Several other research analysts also recently commented on PG. BNP Paribas reissued an "outperform" rating and set a $177.00 price objective on shares of Procter & Gamble in a report on Friday, August 15th. Berenberg Bank increased their price target on shares of Procter & Gamble from $152.00 to $154.00 and gave the company a "hold" rating in a report on Wednesday, September 17th. Barclays lowered their price target on shares of Procter & Gamble from $164.00 to $153.00 and set an "equal weight" rating for the company in a report on Wednesday, October 1st. BNP Paribas Exane lowered their price target on shares of Procter & Gamble from $177.00 to $172.00 and set an "outperform" rating for the company in a report on Tuesday, September 23rd. Finally, UBS Group lowered their price target on shares of Procter & Gamble from $180.00 to $176.00 and set a "buy" rating for the company in a report on Wednesday. Eleven research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. According to MarketBeat, Procter & Gamble presently has a consensus rating of "Moderate Buy" and an average target price of $172.58.

Procter & Gamble Price Performance

PG stock traded down $1.79 during trading on Wednesday, reaching $150.75. The company's stock had a trading volume of 3,565,631 shares, compared to its average volume of 7,917,242. Procter & Gamble has a 1 year low of $149.91 and a 1 year high of $180.43. The company has a quick ratio of 0.49, a current ratio of 0.70 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $352.82 billion, a P/E ratio of 23.16, a price-to-earnings-growth ratio of 4.13 and a beta of 0.36. The company's fifty day moving average is $155.30 and its 200-day moving average is $159.79.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.42 by $0.06. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The business had revenue of $20.89 billion during the quarter, compared to the consensus estimate of $20.79 billion. During the same quarter in the prior year, the firm earned $1.40 EPS. The business's revenue was up 1.7% on a year-over-year basis. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. On average, research analysts expect that Procter & Gamble will post 6.91 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Marc S. Pritchard sold 9,849 shares of the business's stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total transaction of $1,548,952.23. Following the completion of the transaction, the insider directly owned 182,422 shares in the company, valued at $28,689,507.94. The trade was a 5.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Andre Schulten sold 11,638 shares of the business's stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total transaction of $1,830,308.26. Following the transaction, the chief financial officer owned 52,642 shares of the company's stock, valued at $8,279,007.34. This represents a 18.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 149,763 shares of company stock valued at $23,421,279. 0.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Marshall Financial Group LLC raised its position in shares of Procter & Gamble by 1.8% in the third quarter. Marshall Financial Group LLC now owns 24,398 shares of the company's stock worth $3,749,000 after acquiring an additional 422 shares during the period. Hilltop National Bank raised its position in shares of Procter & Gamble by 0.7% in the third quarter. Hilltop National Bank now owns 16,208 shares of the company's stock worth $2,490,000 after acquiring an additional 120 shares during the period. Rise Advisors LLC raised its position in shares of Procter & Gamble by 5.3% in the third quarter. Rise Advisors LLC now owns 2,507 shares of the company's stock worth $385,000 after acquiring an additional 127 shares during the period. Osprey Private Wealth LLC acquired a new position in shares of Procter & Gamble in the third quarter worth about $975,000. Finally, RDA Financial Network raised its position in shares of Procter & Gamble by 42.3% in the third quarter. RDA Financial Network now owns 11,250 shares of the company's stock worth $1,729,000 after acquiring an additional 3,346 shares during the period. Institutional investors and hedge funds own 65.77% of the company's stock.

Procter & Gamble Company Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.