Procter & Gamble (NYSE:PG) Trading Up 0.2%

The Procter & Gamble Company (NYSE:PG) shares traded up 0.2% during mid-day trading on Thursday . The stock traded as high as $164.13 and last traded at $163.74. 1,272,301 shares changed hands during mid-day trading, a decline of 82% from the average session volume of 6,880,304 shares. The stock had previously closed at $163.40.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Wells Fargo & Company increased their target price on shares of Procter & Gamble from $162.00 to $170.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 24th. The Goldman Sachs Group initiated coverage on shares of Procter & Gamble in a report on Friday, March 1st. They issued a “neutral” rating and a $168.00 target price for the company. Truist Financial upgraded Procter & Gamble from a “hold” rating to a “buy” rating and raised their price target for the stock from $160.00 to $175.00 in a research report on Monday, March 11th. 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. Finally, Barclays lifted their target price on Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a research report on Tuesday, April 23rd. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, Procter & Gamble presently has a consensus rating of “Moderate Buy” and an average target price of $169.76.

Procter & Gamble Trading Up 0.5 %

The company has a current ratio of 0.69, a quick ratio of 0.48 and a debt-to-equity ratio of 0.49. The firm has a market cap of $387.58 billion, a PE ratio of 26.75, a P/E/G ratio of 3.31 and a beta of 0.43. The business has a fifty day moving average price of $159.88 and a 200 day moving average price of $153.97.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Friday, April 19th. The company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.42 by $0.10. The company had revenue of $20.20 billion for the quarter, compared to analyst estimates of $20.43 billion. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. The firm’s revenue was up .6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.37 earnings per share. Analysts forecast that The Procter & Gamble Company will post 6.55 EPS for the current 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 given a $1.0065 dividend. 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. This represents a $4.03 dividend on an annualized basis and a yield of 2.45%. Procter & Gamble’s payout ratio is 65.85%.

Insiders Place Their Bets

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 value of $3,549,040.00. Following the completion of the sale, the chief executive officer now owns 36,845 shares in the company, valued at $5,943,835.40. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Procter & Gamble news, CEO Gary A. Coombe sold 22,000 shares of Procter & Gamble stock in a transaction on 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 transaction, the chief executive officer now directly owns 36,845 shares in the company, valued at $5,943,835.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 value 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 86,865 shares of company stock valued at $14,059,180. 0.17% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Procter & Gamble

A number of hedge funds and other institutional investors have recently bought and sold shares of PG. Advantage Trust Co purchased a new stake in shares of Procter & Gamble in the fourth quarter valued at approximately $28,000. Naples Money Management LLC acquired a new stake in shares of Procter & Gamble in the fourth quarter valued at about $29,000. Wyrmwood Management LLC purchased a new stake in Procter & Gamble during the fourth quarter worth about $29,000. Transcendent Capital Group LLC acquired a new position in Procter & Gamble during the fourth quarter worth about $31,000. Finally, MeadowBrook Investment Advisors LLC purchased a new position in Procter & Gamble in the fourth quarter valued at about $33,000. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

About Procter & Gamble

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.