Procter & Gamble (NYSE:PG) Price Target Raised to $190.00

Procter & Gamble (NYSE:PG - Free Report) had its price target raised by Evercore ISI from $170.00 to $190.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an outperform rating on the stock.

A number of other research analysts also recently commented on the company. Piper Sandler boosted their price target on shares of Procter & Gamble from $160.00 to $164.00 and gave the stock a "neutral" rating in a research report on Monday, May 5th. JPMorgan Chase & Co. decreased their price target on shares of Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Erste Group Bank cut Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 30th. Citigroup cut their price objective on shares of Procter & Gamble from $200.00 to $181.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Finally, Morgan Stanley set a $180.00 price objective on shares of Procter & Gamble and gave the company an "overweight" rating in a report on Friday, April 25th. Eight investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $178.86.

Procter & Gamble Stock Down 0.5%

Shares of NYSE PG traded down $0.82 during trading on Tuesday, reaching $166.03. The company had a trading volume of 4,935,328 shares, compared to its average volume of 7,305,985. Procter & Gamble has a 12-month low of $156.58 and a 12-month high of $180.43. The stock has a market cap of $389.26 billion, a PE ratio of 26.44, a P/E/G ratio of 3.76 and a beta of 0.41. The business's 50-day moving average is $164.33 and its 200 day moving average is $167.38. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.53 by $0.01. The company had revenue of $19.78 billion for the quarter, compared to analysts' expectations of $20.42 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. Procter & Gamble's revenue was down 2.1% compared to the same quarter last year. During the same period last year, the firm posted $1.52 earnings per share. As a group, equities analysts forecast that Procter & Gamble will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, April 21st were issued a $1.0568 dividend. This represents a $4.23 annualized dividend and a yield of 2.55%. The ex-dividend date of this dividend was Monday, April 21st. This is an increase from Procter & Gamble's previous quarterly dividend of $1.01. Procter & Gamble's dividend payout ratio (DPR) is 66.98%.

Insider Buying and Selling

In related news, insider Moses Victor Javier Aguilar sold 10,520 shares of the company's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $158.67, for a total value of $1,669,208.40. Following the sale, the insider now owns 25,182 shares of the company's stock, valued at $3,995,627.94. The trade was a 29.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jennifer L. Davis sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total transaction of $161,380.00. Following the transaction, the chief executive officer now owns 51,965 shares in the company, valued at $8,386,111.70. The trade was a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.18% of the company's stock.

Institutional Investors Weigh In On Procter & Gamble

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PG. Brighton Jones LLC boosted its holdings in shares of Procter & Gamble by 51.5% during the fourth quarter. Brighton Jones LLC now owns 40,068 shares of the company's stock worth $6,717,000 after acquiring an additional 13,617 shares during the period. Union Bancaire Privee UBP SA bought a new stake in shares of Procter & Gamble during the 4th quarter worth approximately $50,049,000. HHM Wealth Advisors LLC lifted its stake in Procter & Gamble by 13.4% in the 4th quarter. HHM Wealth Advisors LLC now owns 11,912 shares of the company's stock valued at $1,997,000 after purchasing an additional 1,410 shares during the last quarter. KPP Advisory Services LLC increased its position in Procter & Gamble by 8.2% in the 4th quarter. KPP Advisory Services LLC now owns 11,812 shares of the company's stock valued at $1,980,000 after acquiring an additional 895 shares during the period. Finally, FSM Wealth Advisors LLC increased its position in Procter & Gamble by 2.9% in the 4th quarter. FSM Wealth Advisors LLC now owns 5,016 shares of the company's stock valued at $805,000 after acquiring an additional 140 shares during the period. 65.77% of the stock is currently owned by institutional investors and hedge funds.

About Procter & Gamble

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.