Procter & Gamble (NYSE:PG) Hits New 1-Year High at $164.81

The Procter & Gamble Company (NYSE:PG - Get Free Report)'s share price reached a new 52-week high on Monday . The company traded as high as $164.81 and last traded at $164.81, with a volume of 2150 shares changing hands. The stock had previously closed at $164.46.

Analysts Set New Price Targets

A number of research firms recently weighed in on PG. Raymond James upped their target price on shares of Procter & Gamble from $170.00 to $175.00 and gave the stock an "outperform" rating in a report on Wednesday, January 24th. Royal Bank of Canada boosted their price objective on Procter & Gamble from $156.00 to $157.00 and gave the company a "sector perform" rating in a research note on Wednesday, January 24th. UBS Group raised their target price on Procter & Gamble from $172.00 to $178.00 and gave the stock a "buy" rating in a research note on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Procter & Gamble from $172.00 to $171.00 and set a "buy" rating for the company in a research report on Monday, April 22nd. Finally, Truist Financial upgraded shares of Procter & Gamble from a "hold" rating to a "buy" rating and boosted their price target for the company from $160.00 to $175.00 in a research report on Monday, March 11th. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $169.76.

Procter & Gamble Price Performance

The firm has a market cap of $388.10 billion, a P/E ratio of 26.87, a P/E/G ratio of 3.34 and a beta of 0.43. The firm's fifty day simple moving average is $160.10 and its 200 day simple moving average is $154.37. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.48 and a current ratio of 0.69.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its earnings results on Friday, April 19th. The company reported $1.52 earnings per share for the quarter, beating analysts' consensus estimates of $1.42 by $0.10. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. The firm had revenue of $20.20 billion during the quarter, compared to analyst estimates of $20.43 billion. During the same period last year, the firm posted $1.37 earnings per share. Procter & Gamble's revenue for the quarter was up .6% compared to the same quarter last year. As a group, analysts forecast that The Procter & Gamble Company will post 6.55 earnings per share for the current year.

Procter & Gamble Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th will be issued a $1.0065 dividend. This is an increase from Procter & Gamble's previous quarterly dividend of $0.94. This represents a $4.03 annualized dividend and a dividend yield of 2.45%. The ex-dividend date is Thursday, April 18th. Procter & Gamble's dividend payout ratio is 65.85%.

Insiders Place Their Bets

In related news, insider Balaji Purushothaman sold 28,369 shares of the firm's 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 directly owns 11,507 shares of the company's stock, valued at $1,858,265.43. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Procter & Gamble news, CEO Gary A. Coombe sold 22,000 shares of the business's stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $161.32, for a total transaction of $3,549,040.00. Following the completion of the sale, the chief executive officer now directly owns 36,845 shares in the company, valued at approximately $5,943,835.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Balaji Purushothaman sold 28,369 shares of the firm's stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $161.49, for a total value of $4,581,309.81. Following the completion of the transaction, the insider now owns 11,507 shares in the company, valued at approximately $1,858,265.43. The disclosure for this sale can be found here. In the last three months, insiders have sold 86,865 shares of company stock valued at $14,059,180. Company insiders own 0.17% of the company's stock.

Institutional Trading of Procter & Gamble

A number of hedge funds and other institutional investors have recently modified their holdings of PG. Dfpg Investments LLC grew its position in Procter & Gamble by 1.7% during the 4th quarter. Dfpg Investments LLC now owns 24,892 shares of the company's stock worth $3,680,000 after purchasing an additional 424 shares during the last quarter. Garrett Wealth Advisory Group LLC grew its stake in Procter & Gamble by 6.3% in the 3rd quarter. Garrett Wealth Advisory Group LLC now owns 4,419 shares of the company's stock valued at $645,000 after acquiring an additional 260 shares during the last quarter. Herold Advisors Inc. raised its position in Procter & Gamble by 2.2% during the fourth quarter. Herold Advisors Inc. now owns 26,592 shares of the company's stock worth $3,897,000 after acquiring an additional 581 shares during the last quarter. Metis Global Partners LLC raised its position in shares of Procter & Gamble by 15.7% during the 4th quarter. Metis Global Partners LLC now owns 115,039 shares of the company's stock worth $16,858,000 after purchasing an additional 15,599 shares during the last quarter. Finally, N.E.W. Advisory Services LLC increased its position in Procter & Gamble by 14.6% during the third quarter. N.E.W. Advisory Services LLC now owns 94,424 shares of the company's stock worth $13,772,000 after buying an additional 12,016 shares in the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

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.