Procter & Gamble (NYSE:PG) Stock Price Down 0.3%

The Procter & Gamble Company (NYSE:PG - Get Free Report) shares traded down 0.3% during mid-day trading on Monday . The stock traded as low as $160.68 and last traded at $160.87. 912,166 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 6,881,403 shares. The stock had previously closed at $161.29.

Wall Street Analysts Forecast Growth

PG has been the subject of several recent analyst reports. JPMorgan Chase & Co. reduced their target price on shares of Procter & Gamble from $169.00 to $162.00 and set an "overweight" rating for the company in a research note on Thursday, January 18th. Argus boosted their target price on Procter & Gamble from $180.00 to $185.00 and gave the stock a "buy" rating in a research report on Thursday. Royal Bank of Canada increased their target price on Procter & Gamble from $156.00 to $157.00 and gave the stock a "sector perform" rating in a research note on Wednesday, January 24th. Truist Financial upgraded Procter & Gamble from a "hold" rating to a "buy" rating and lifted their price target for the company from $160.00 to $175.00 in a research note on Monday, March 11th. Finally, UBS Group increased their price objective on Procter & Gamble from $172.00 to $178.00 and gave the stock a "buy" rating in a research report on Wednesday, January 24th. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, Procter & Gamble currently has an average rating of "Moderate Buy" and an average price target of $169.76.

Procter & Gamble Stock Up 0.2 %

The company has a quick ratio of 0.48, a current ratio of 0.69 and a debt-to-equity ratio of 0.49. The firm's fifty day simple moving average is $159.64 and its 200-day simple moving average is $153.65. The company has a market cap of $381.54 billion, a PE ratio of 26.42, a P/E/G ratio of 3.27 and a beta of 0.44.

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

Procter & Gamble Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders 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 yield of 2.49%. This is a positive change from Procter & Gamble's previous quarterly dividend of $0.94. The ex-dividend date of this dividend is Thursday, April 18th. Procter & Gamble's dividend payout ratio is 65.85%.

Insiders Place Their Bets

In other Procter & Gamble news, insider Susan Street Whaley sold 3,865 shares of Procter & Gamble stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $160.60, for a total value of $620,719.00. Following the completion of the sale, the insider now directly owns 11,886 shares of the company's stock, valued at approximately $1,908,891.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Balaji Purushothaman sold 28,369 shares of the stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $161.49, for a total transaction of $4,581,309.81. Following the transaction, the insider now directly owns 11,507 shares in the company, valued at approximately $1,858,265.43. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Susan Street Whaley sold 3,865 shares of the business's stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $160.60, for a total transaction of $620,719.00. Following the completion of the sale, the insider now owns 11,886 shares of the company's stock, valued at $1,908,891.60. The disclosure for this sale can be found here. Insiders have sold 55,865 shares of company stock valued at $9,009,280 in the last ninety days. Insiders own 0.17% of the company's stock.

Hedge Funds Weigh In On Procter & Gamble

A number of hedge funds have recently made changes to their positions in PG. Advantage Trust Co purchased a new stake in Procter & Gamble during the fourth quarter worth approximately $28,000. Wyrmwood Management LLC acquired a new position in shares of Procter & Gamble during the 4th quarter valued at $29,000. Naples Money Management LLC purchased a new stake in Procter & Gamble during the 4th quarter worth $29,000. Transcendent Capital Group LLC purchased a new position in Procter & Gamble in the fourth quarter valued at about $31,000. Finally, Criterion Capital Advisors LLC acquired a new position in shares of Procter & Gamble during the fourth quarter worth about $33,000. Institutional investors and hedge funds own 65.77% of the company's stock.

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.