Procter & Gamble (NYSE:PG) Cut to “Hold” at Truist Financial

Truist Financial lowered shares of Procter & Gamble (NYSE:PG – Get Rating) from a buy rating to a hold rating in a research report report published on Thursday morning, The Fly reports. Truist Financial currently has $155.00 price objective on the stock, down from their prior price objective of $165.00.

PG has been the topic of several other research reports. Barclays raised their price target on Procter & Gamble from $160.00 to $167.00 in a research note on Wednesday, April 26th. Jefferies Financial Group raised their price target on Procter & Gamble from $171.00 to $175.00 and gave the company a buy rating in a research note on Monday, April 24th. Evercore ISI raised their price target on Procter & Gamble from $160.00 to $170.00 and gave the company an outperform rating in a research note on Monday, April 24th. JPMorgan Chase & Co. upgraded Procter & Gamble from a neutral rating to an overweight rating and raised their price target for the company from $150.00 to $155.00 in a research note on Friday, March 3rd. Finally, StockNews.com initiated coverage on Procter & Gamble in a research note on Thursday. They set a buy rating on the stock. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, Procter & Gamble has a consensus rating of Moderate Buy and an average price target of $161.50.

Procter & Gamble Stock Up 0.4 %

NYSE:PG opened at $153.17 on Thursday. Procter & Gamble has a twelve month low of $122.18 and a twelve month high of $158.11. The company has a market cap of $361.02 billion, a price-to-earnings ratio of 26.68, a price-to-earnings-growth ratio of 4.24 and a beta of 0.41. The stock has a fifty day simple moving average of $150.86 and a 200-day simple moving average of $146.73. The company has a current ratio of 0.59, a quick ratio of 0.39 and a debt-to-equity ratio of 0.51.

Procter & Gamble (NYSE:PG – Get Rating) last released its earnings results on Friday, April 21st. The company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.05. The business had revenue of $20.07 billion during the quarter, compared to the consensus estimate of $19.32 billion. Procter & Gamble had a return on equity of 32.18% and a net margin of 17.69%. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period last year, the company earned $1.33 earnings per share. Analysts anticipate that Procter & Gamble will post 5.86 EPS for the current year.

Procter & Gamble Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, May 15th. Stockholders of record on Friday, April 21st were paid a dividend of $0.9407 per share. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.91. The ex-dividend date was Thursday, April 20th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.46%. Procter & Gamble’s payout ratio is presently 65.51%.

Insider Transactions at Procter & Gamble

In related news, CFO Andre Schulten sold 1,311 shares of Procter & Gamble stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $137.34, for a total transaction of $180,052.74. Following the completion of the sale, the chief financial officer now owns 35,142 shares of the company’s stock, valued at $4,826,402.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, COO Shailesh Jejurikar sold 31,000 shares of Procter & Gamble stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $156.03, for a total transaction of $4,836,930.00. Following the completion of the sale, the chief operating officer now owns 10,014 shares of the company’s stock, valued at $1,562,484.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Andre Schulten sold 1,311 shares of Procter & Gamble stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $137.34, for a total value of $180,052.74. Following the sale, the chief financial officer now directly owns 35,142 shares of the company’s stock, valued at approximately $4,826,402.28. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 99,424 shares of company stock worth $15,416,750. Insiders own 0.26% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of PG. EWG Elevate Inc. acquired a new position in Procter & Gamble in the fourth quarter valued at approximately $26,000. Silicon Valley Capital Partners acquired a new position in Procter & Gamble in the fourth quarter valued at approximately $28,000. GW&K Investment Management LLC acquired a new position in Procter & Gamble in the first quarter valued at approximately $28,000. Legend Financial Advisors Inc. acquired a new position in Procter & Gamble in the third quarter valued at approximately $30,000. Finally, IAG Wealth Partners LLC lifted its holdings in Procter & Gamble by 58.8% in the first quarter. IAG Wealth Partners LLC now owns 243 shares of the company’s stock valued at $36,000 after acquiring an additional 90 shares during the period. 62.13% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Company Profile

(Get Rating)

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & 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.