Analysts’ Weekly Ratings Changes for Procter & Gamble (PG)

Procter & Gamble (NYSE: PG) recently received a number of ratings updates from brokerages and research firms:

• 10/21/2024 – Procter & Gamble had its “sector perform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $164.00 price target on the stock.
• 10/21/2024 – Procter & Gamble had its price target raised by analysts at Morgan Stanley from $174.00 to $191.00. They now have an “overweight” rating on the stock.
• 10/21/2024 – Procter & Gamble had its price target raised by analysts at Evercore ISI from $180.00 to $183.00. They now have an “outperform” rating on the stock.
• 10/21/2024 – Procter & Gamble had its price target raised by analysts at DA Davidson from $159.00 to $160.00. They now have a “neutral” rating on the stock.
• 10/15/2024 – Procter & Gamble had its “neutral” rating reaffirmed by analysts at DA Davidson. They now have a $159.00 price target on the stock.
• 10/9/2024 – Procter & Gamble is now covered by analysts at DA Davidson. They set a “neutral” rating and a $159.00 price target on the stock.
• 10/4/2024 – Procter & Gamble was upgraded by analysts at Hsbc Global Res to a “strong-buy” rating.
• 9/30/2024 – Procter & Gamble was downgraded by analysts at Barclays PLC from an “overweight” rating to an “equal weight” rating. They now have a $163.00 price target on the stock.
• 9/24/2024 – Procter & Gamble is now covered by analysts at Piper Sandler. They set a “neutral” rating and a $174.00 price target on the stock.
• 9/19/2024 – Procter & Gamble had its price target raised by analysts at JPMorgan Chase & Co. from $179.00 to $186.00. They now have an “overweight” rating on the stock.
• 8/29/2024 – Procter & Gamble was upgraded by analysts at DZ Bank AG from a “hold” rating to a “buy” rating. They now have a $190.00 price target on the stock.

Procter & Gamble Stock Down 0.1 %

Shares of NYSE PG opened at $169.58 on Thursday. The Procter & Gamble Company has a 52-week low of $142.50 and a 52-week high of $177.94. The firm has a fifty day moving average of $171.88 and a 200-day moving average of $167.45. The stock has a market capitalization of $400.23 billion, a PE ratio of 27.71, a P/E/G ratio of 3.72 and a beta of 0.41. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 0.51.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Friday, October 18th. The company reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.03. Procter & Gamble had a net margin of 17.71% and a return on equity of 33.46%. The company had revenue of $21.74 billion during the quarter, compared to analysts’ expectations of $21.99 billion. During the same period in the previous year, the company earned $1.83 EPS. The business’s quarterly revenue was down .6% compared to the same quarter last year. On average, analysts anticipate that The Procter & Gamble Company will post 6.98 EPS for the current year.

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 18th will be paid a dividend of $1.0065 per share. The ex-dividend date of this dividend is Friday, October 18th. This represents a $4.03 annualized dividend and a dividend yield of 2.37%. Procter & Gamble’s dividend payout ratio is presently 65.69%.

Insider Activity at Procter & Gamble

In related news, insider Susan Street Whaley sold 634 shares of Procter & Gamble stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $171.65, for a total transaction of $108,826.10. Following the transaction, the insider now owns 19,341 shares in the company, valued at approximately $3,319,882.65. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Susan Street Whaley sold 634 shares of Procter & Gamble stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $171.65, for a total transaction of $108,826.10. Following the transaction, the insider now owns 19,341 shares in the company, valued at approximately $3,319,882.65. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO R. Alexandra Keith sold 1,992 shares of the business’s stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $170.00, for a total transaction of $338,640.00. Following the completion of the transaction, the chief executive officer now owns 13,783 shares in the company, valued at $2,343,110. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 385,186 shares of company stock worth $65,479,358. 0.17% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Procter & Gamble

A number of institutional investors have recently added to or reduced their stakes in PG. Itau Unibanco Holding S.A. acquired a new stake in shares of Procter & Gamble in the 2nd quarter valued at about $28,000. Fairway Wealth LLC acquired a new stake in shares of Procter & Gamble in the 2nd quarter valued at about $29,000. Ruedi Wealth Management Inc. raised its stake in shares of Procter & Gamble by 64.7% in the 1st quarter. Ruedi Wealth Management Inc. now owns 196 shares of the company’s stock valued at $32,000 after purchasing an additional 77 shares in the last quarter. POM Investment Strategies LLC acquired a new stake in shares of Procter & Gamble in the 2nd quarter valued at about $34,000. Finally, Quest Partners LLC acquired a new stake in shares of Procter & Gamble in the 2nd quarter valued at about $36,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company 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, SK-II, and Native brands.