JPMorgan Chase & Co. Issues Pessimistic Forecast for Procter & Gamble (NYSE:PG) Stock Price

Procter & Gamble (NYSE:PG - Get Free Report) had its price objective lowered by equities research analysts at JPMorgan Chase & Co. from $181.00 to $172.00 in a report issued on Friday,Benzinga reports. The firm currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price target points to a potential upside of 2.04% from the stock's current price.

PG has been the topic of several other research reports. Wells Fargo & Company lifted their price objective on Procter & Gamble from $176.00 to $180.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. Truist Financial lifted their price target on shares of Procter & Gamble from $180.00 to $185.00 and gave the stock a "buy" rating in a report on Thursday, April 3rd. DA Davidson reissued a "buy" rating and set a $209.00 target price on shares of Procter & Gamble in a research report on Thursday, January 23rd. Barclays reaffirmed an "equal weight" rating on shares of Procter & Gamble in a report on Thursday, March 27th. Finally, Piper Sandler cut their target price on Procter & Gamble from $173.00 to $172.00 and set a "neutral" rating on the stock in a research report on Monday, February 24th. Seven analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $181.50.

Procter & Gamble Trading Down 0.3 %

Shares of NYSE:PG traded down $0.58 on Friday, hitting $168.56. 8,763,411 shares of the company's stock were exchanged, compared to its average volume of 8,171,621. The business's 50 day simple moving average is $168.35 and its two-hundred day simple moving average is $168.56. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55. The stock has a market capitalization of $395.24 billion, a price-to-earnings ratio of 26.84, a price-to-earnings-growth ratio of 3.76 and a beta of 0.43. Procter & Gamble has a 12 month low of $153.52 and a 12 month high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its earnings results on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, topping analysts' consensus estimates of $1.86 by $0.02. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The business had revenue of $21.88 billion for the quarter, compared to analyst estimates of $21.66 billion. During the same period last year, the company posted $1.84 earnings per share. The company's quarterly revenue was up 2.1% compared to the same quarter last year. Analysts anticipate that Procter & Gamble will post 6.91 EPS for the current fiscal year.

Insider Transactions at Procter & Gamble

In related news, insider Marc S. Pritchard sold 90,450 shares of Procter & Gamble stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the completion of the sale, the insider now owns 172,814 shares in the company, valued at approximately $28,313,845.76. This trade represents a 34.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Gary A. Coombe sold 35,000 shares of the firm's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $173.68, for a total transaction of $6,078,800.00. Following the sale, the chief executive officer now directly owns 22,051 shares in the company, valued at $3,829,817.68. This represents a 61.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 143,450 shares of company stock valued at $23,988,008 in the last 90 days. 0.18% of the stock is currently owned by insiders.

Institutional Trading of Procter & Gamble

Hedge funds have recently bought and sold shares of the company. Simon Quick Advisors LLC grew its position in shares of Procter & Gamble by 16.5% in the first quarter. Simon Quick Advisors LLC now owns 23,971 shares of the company's stock valued at $4,085,000 after purchasing an additional 3,391 shares during the period. Capital Advisors Ltd. LLC grew its holdings in shares of Procter & Gamble by 18.7% during the 1st quarter. Capital Advisors Ltd. LLC now owns 4,036 shares of the company's stock worth $688,000 after purchasing an additional 635 shares during the period. Arvest Investments Inc. increased its position in shares of Procter & Gamble by 4.1% in the first quarter. Arvest Investments Inc. now owns 9,654 shares of the company's stock worth $1,645,000 after acquiring an additional 381 shares in the last quarter. Baker Ellis Asset Management LLC raised its position in Procter & Gamble by 18.5% in the first quarter. Baker Ellis Asset Management LLC now owns 4,885 shares of the company's stock valued at $833,000 after purchasing an additional 761 shares during the period. Finally, Thompson Investment Management Inc. boosted its holdings in Procter & Gamble by 1.5% in the 1st quarter. Thompson Investment Management Inc. now owns 23,202 shares of the company's stock worth $3,954,000 after acquiring an additional 340 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.