Procter & Gamble (NYSE:PG) Price Target Raised to $181.00

Procter & Gamble (NYSE:PG) had its price objective upped by JPMorgan Chase & Co. from $170.00 to $181.00 in a report published on Monday morning, Benzinga reports. The brokerage currently has an overweight rating on the stock.

PG has been the subject of a number of other reports. Evercore ISI raised their price objective on shares of Procter & Gamble from $177.00 to $183.00 and gave the stock an outperform rating in a research note on Thursday, July 18th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Procter & Gamble from $171.00 to $176.00 and gave the stock a buy rating in a research note on Wednesday, July 17th. BNP Paribas began coverage on shares of Procter & Gamble in a research report on Monday, June 24th. They issued an outperform rating and a $187.00 price objective for the company. Barclays raised their target price on shares of Procter & Gamble from $170.00 to $174.00 and gave the stock an overweight rating in a research report on Friday, July 19th. Finally, Argus boosted their price target on Procter & Gamble from $180.00 to $185.00 and gave the company a buy rating in a report on Thursday, April 25th. Seven investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus price target of $174.29.

Procter & Gamble Stock Performance

NYSE PG opened at $166.95 on Monday. Procter & Gamble has a 1-year low of $141.45 and a 1-year high of $170.92. The company has a market capitalization of $394.03 billion, a P/E ratio of 27.28, a PEG ratio of 3.13 and a beta of 0.41. The business has a 50 day moving average price of $166.38 and a 200 day moving average price of $161.36. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.69 and a quick ratio of 0.48.

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Friday, July 19th will be issued a dividend of $1.0065 per share. The ex-dividend date of this dividend is Friday, July 19th. This represents a $4.03 annualized dividend and a dividend yield of 2.41%. Procter & Gamble’s payout ratio is 65.85%.

Insider Buying and Selling

In other Procter & Gamble news, CEO Gary A. Coombe sold 21,388 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $164.98, for a total value of $3,528,592.24. Following the completion of the transaction, the chief executive officer now owns 36,854 shares in the company, valued at approximately $6,080,172.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 9,149 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $167.72, for a total value of $1,534,470.28. Following the transaction, the insider now directly owns 12,929 shares of the company’s stock, valued at approximately $2,168,451.88. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Gary A. Coombe sold 21,388 shares of Procter & Gamble stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $164.98, for a total transaction of $3,528,592.24. Following the completion of the sale, the chief executive officer now owns 36,854 shares of the company’s stock, valued at approximately $6,080,172.92. The disclosure for this sale can be found here. In the last three months, insiders sold 125,320 shares of company stock valued at $20,696,223. Company insiders own 0.17% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. HighPoint Advisor Group LLC bought a new position in Procter & Gamble during the fourth quarter worth $17,696,000. Campbell Wealth Management boosted its holdings in shares of Procter & Gamble by 13.1% in the 4th quarter. Campbell Wealth Management now owns 1,988 shares of the company’s stock valued at $291,000 after buying an additional 231 shares during the period. Herold Advisors Inc. grew its position in shares of Procter & Gamble by 2.2% during the 4th quarter. Herold Advisors Inc. now owns 26,592 shares of the company’s stock valued at $3,897,000 after buying an additional 581 shares during the last quarter. V Square Quantitative Management LLC raised its stake in Procter & Gamble by 29.0% during the first quarter. V Square Quantitative Management LLC now owns 43,202 shares of the company’s stock worth $7,010,000 after acquiring an additional 9,716 shares during the period. Finally, Metis Global Partners LLC lifted its holdings in Procter & Gamble by 15.7% in the fourth quarter. Metis Global Partners LLC now owns 115,039 shares of the company’s stock worth $16,858,000 after acquiring an additional 15,599 shares during the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

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.