Procter & Gamble Company (The) (NYSE:PG) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• Procter & Gamble has received a consensus recommendation of "Moderate Buy" from 19 brokerages, with a target price averaging $175.88.
• The company reported $1.48 earnings per share last quarter, exceeding estimates, and saw a 1.7% year-over-year revenue increase to $20.89 billion.
• Procter & Gamble has declared a quarterly dividend of $1.0568, resulting in an annualized yield of 2.7%, with a payout ratio of approximately 65%.

Procter & Gamble Company (The) (NYSE:PG - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the nineteen brokerages that are covering the stock, Marketbeat reports. Seven equities research analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $175.8824.

A number of analysts have commented on the stock. Bank of America reduced their target price on shares of Procter & Gamble from $190.00 to $180.00 and set a "buy" rating for the company in a report on Friday, April 25th. Truist Financial reduced their target price on shares of Procter & Gamble from $185.00 to $180.00 and set a "buy" rating for the company in a report on Friday, April 25th. UBS Group set a $180.00 target price on shares of Procter & Gamble and gave the company a "buy" rating in a report on Wednesday, July 30th. Wells Fargo & Company reduced their target price on shares of Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating for the company in a report on Wednesday, July 30th. Finally, Citigroup reduced their target price on shares of Procter & Gamble from $200.00 to $181.00 and set a "buy" rating for the company in a report on Friday, April 25th.

Procter & Gamble Trading Down 1.0%

Shares of NYSE PG opened at $153.83 on Friday. The firm's 50 day moving average price is $157.38 and its 200-day moving average price is $163.37. The company has a market cap of $360.32 billion, a PE ratio of 23.63, a P/E/G ratio of 4.10 and a beta of 0.37. Procter & Gamble has a 52-week low of $149.91 and a 52-week high of $180.43. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.49 and a current ratio of 0.70.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.06. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The firm had revenue of $20.89 billion during the quarter, compared to analysts' expectations of $20.79 billion. During the same period in the previous year, the company earned $1.40 earnings per share. The firm's quarterly revenue was up 1.7% on a year-over-year basis. On average, equities research analysts expect that Procter & Gamble will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, July 18th will be paid a $1.0568 dividend. This represents a $4.23 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Friday, July 18th. Procter & Gamble's dividend payout ratio (DPR) is currently 64.98%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in PG. Brighton Jones LLC increased its position in Procter & Gamble by 51.5% during the 4th quarter. Brighton Jones LLC now owns 40,068 shares of the company's stock valued at $6,717,000 after purchasing an additional 13,617 shares during the period. Bank Pictet & Cie Europe AG increased its position in Procter & Gamble by 493.6% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 341,750 shares of the company's stock valued at $57,294,000 after purchasing an additional 284,174 shares during the period. Marshall Wace LLP increased its position in Procter & Gamble by 134.4% during the 4th quarter. Marshall Wace LLP now owns 179,672 shares of the company's stock valued at $30,122,000 after purchasing an additional 103,024 shares during the period. Gratus Wealth Advisors LLC increased its position in Procter & Gamble by 1.1% during the 4th quarter. Gratus Wealth Advisors LLC now owns 13,930 shares of the company's stock valued at $2,335,000 after purchasing an additional 154 shares during the period. Finally, Demars Financial Group LLC increased its position in Procter & Gamble by 16,662.5% during the 4th quarter. Demars Financial Group LLC now owns 229,814 shares of the company's stock valued at $38,528,000 after purchasing an additional 228,443 shares during the period. Hedge funds and other institutional investors 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.