The Procter & Gamble Company (NYSE:PG - Get Free Report)'s share price shot up 0.6% during trading on Monday after Barclays raised their price target on the stock from $165.00 to $168.00. Barclays currently has an overweight rating on the stock. Procter & Gamble traded as high as $156.70 and last traded at $156.30. 1,127,749 shares were traded during trading, a decline of 83% from the average session volume of 6,798,639 shares. The stock had previously closed at $155.33.
Other research analysts have also recently issued research reports about the stock. Stifel Nicolaus raised their price target on shares of Procter & Gamble from $155.00 to $157.00 and gave the stock a "hold" rating in a research note on Wednesday, January 24th. The Goldman Sachs Group started coverage on shares of Procter & Gamble in a research note on Friday, March 1st. They issued a "neutral" rating and a $168.00 target price for the company. UBS Group lifted their target price on shares of Procter & Gamble from $172.00 to $178.00 and gave the company a "buy" rating in a research note on Wednesday, January 24th. Truist Financial upgraded shares of Procter & Gamble from a "hold" rating to a "buy" rating and lifted their target price for the company from $160.00 to $175.00 in a research note on Monday, March 11th. Finally, Royal Bank of Canada raised their price target on shares of Procter & Gamble from $156.00 to $157.00 and gave the company a "sector perform" rating in a report on Wednesday, January 24th. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, Procter & Gamble currently has a consensus rating of "Moderate Buy" and a consensus price target of $168.53.
View Our Latest Stock Report on Procter & Gamble
Insider Buying and Selling at Procter & Gamble
In other news, CEO Gary A. Coombe sold 22,000 shares of the firm's stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $161.32, for a total value of $3,549,040.00. Following the completion of the sale, the chief executive officer now directly owns 36,845 shares of the company's stock, valued at approximately $5,943,835.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Procter & Gamble news, CEO Ma. Fatima Francisco sold 74,443 shares of the firm's stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $153.30, for a total transaction of $11,412,111.90. Following the completion of the sale, the chief executive officer now directly owns 973 shares in the company, valued at approximately $149,160.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Gary A. Coombe sold 22,000 shares of the firm's stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $161.32, for a total transaction of $3,549,040.00. Following the sale, the chief executive officer now directly owns 36,845 shares in the company, valued at approximately $5,943,835.40. The disclosure for this sale can be found here. Insiders sold 279,063 shares of company stock valued at $43,187,745 in the last quarter. Company insiders own 0.17% of the company's stock.
Hedge Funds Weigh In On Procter & Gamble
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Demars Financial Group LLC grew its stake in shares of Procter & Gamble by 4.4% in the 4th quarter. Demars Financial Group LLC now owns 1,497 shares of the company's stock valued at $219,000 after purchasing an additional 63 shares during the period. Emerald Advisors LLC grew its stake in shares of Procter & Gamble by 1.8% in the 4th quarter. Emerald Advisors LLC now owns 3,775 shares of the company's stock valued at $553,000 after purchasing an additional 65 shares during the period. O Brien Wealth Partners LLC grew its stake in shares of Procter & Gamble by 3.3% in the 4th quarter. O Brien Wealth Partners LLC now owns 2,062 shares of the company's stock valued at $302,000 after purchasing an additional 65 shares during the period. Mechanics Financial Corp grew its position in Procter & Gamble by 0.4% during the 4th quarter. Mechanics Financial Corp now owns 16,184 shares of the company's stock worth $2,372,000 after acquiring an additional 65 shares during the last quarter. Finally, LWM Advisory Services LLC grew its position in Procter & Gamble by 2.1% during the 4th quarter. LWM Advisory Services LLC now owns 3,143 shares of the company's stock worth $461,000 after acquiring an additional 66 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company's stock.
Procter & Gamble Price Performance
The stock has a 50-day simple moving average of $159.27 and a 200 day simple moving average of $152.70. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.44 and a current ratio of 0.64. The stock has a market capitalization of $365.78 billion, a P/E ratio of 26.04, a price-to-earnings-growth ratio of 3.18 and a beta of 0.44.
Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings results on Tuesday, January 23rd. The company reported $1.84 EPS for the quarter, beating analysts' consensus estimates of $1.70 by $0.14. The company had revenue of $21.44 billion for the quarter, compared to analyst estimates of $21.48 billion. Procter & Gamble had a return on equity of 34.04% and a net margin of 17.60%. The company's quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.59 earnings per share. On average, equities analysts forecast that The Procter & Gamble Company will post 6.45 earnings per share for the current fiscal year.
Procter & Gamble Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, April 19th will be issued a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date of this dividend is Thursday, April 18th. This is a boost from Procter & Gamble's previous quarterly dividend of $0.94. Procter & Gamble's payout ratio is 62.98%.
About Procter & Gamble
(
Get Free Report)
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.
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