Procter & Gamble (NYSE:PG) Shares Down 0.6% - What's Next?

The Procter & Gamble Company (NYSE:PG - Get Free Report)'s stock price dropped 0.6% during trading on Monday . The stock traded as low as $158.84 and last traded at $159.55. Approximately 955,477 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 7,139,640 shares. The stock had previously closed at $160.52.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on PG shares. Wells Fargo & Company lifted their price objective on shares of Procter & Gamble from $176.00 to $180.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. DA Davidson restated a "buy" rating and set a $209.00 price objective on shares of Procter & Gamble in a research report on Thursday, January 23rd. Piper Sandler lifted their target price on Procter & Gamble from $160.00 to $164.00 and gave the company a "neutral" rating in a research report on Monday, May 5th. Morgan Stanley set a $180.00 target price on shares of Procter & Gamble and gave the stock an "overweight" rating in a report on Friday, April 25th. Finally, Raymond James decreased their price target on shares of Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Eight equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Procter & Gamble presently has a consensus rating of "Moderate Buy" and an average target price of $178.52.

Procter & Gamble Stock Performance

The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $369.80 billion, a P/E ratio of 25.12, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41. The company's 50 day moving average is $165.92 and its 200-day moving average is $167.57.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $1.54 EPS for the quarter, beating analysts' consensus estimates of $1.53 by $0.01. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The business had revenue of $19.78 billion during the quarter, compared to analyst estimates of $20.42 billion. During the same period in the previous year, the company posted $1.52 EPS. The firm's revenue was down 2.1% compared to the same quarter last year. As a group, equities analysts anticipate that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, April 21st will be issued a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date of this dividend is Monday, April 21st. This is a positive change from Procter & Gamble's previous quarterly dividend of $1.01. Procter & Gamble's dividend payout ratio is currently 66.98%.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, CEO Gary A. Coombe sold 18,000 shares of the company's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $171.66, for a total value of $3,089,880.00. Following the completion of the transaction, the chief executive officer now owns 22,051 shares in the company, valued at $3,785,274.66. This represents a 44.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jennifer L. Davis sold 1,000 shares of the business's stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total transaction of $161,380.00. Following the completion of the transaction, the chief executive officer now directly owns 51,965 shares in the company, valued at $8,386,111.70. This trade represents a 1.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 64,520 shares of company stock valued at $10,999,268 over the last ninety days. 0.18% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Regent Peak Wealth Advisors LLC boosted its position in Procter & Gamble by 1.3% during the fourth quarter. Regent Peak Wealth Advisors LLC now owns 11,063 shares of the company's stock worth $1,855,000 after purchasing an additional 139 shares during the period. First Hawaiian Bank boosted its holdings in Procter & Gamble by 1.8% in the 4th quarter. First Hawaiian Bank now owns 8,426 shares of the company's stock worth $1,413,000 after buying an additional 147 shares during the period. ORG Partners LLC grew its stake in Procter & Gamble by 5.6% in the 4th quarter. ORG Partners LLC now owns 5,618 shares of the company's stock valued at $943,000 after buying an additional 300 shares in the last quarter. Avondale Wealth Management raised its holdings in Procter & Gamble by 64.1% during the 4th quarter. Avondale Wealth Management now owns 3,200 shares of the company's stock valued at $536,000 after acquiring an additional 1,250 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Procter & Gamble by 16.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 1,780,064 shares of the company's stock worth $308,308,000 after acquiring an additional 245,863 shares during the period. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

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.