The Procter & Gamble Company (NYSE:PG) Receives Consensus Recommendation of “Moderate Buy” from Analysts

The Procter & Gamble Company (NYSE:PG) has earned an average rating of “Moderate Buy” from the eighteen ratings firms that are covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $164.82.

PG has been the subject of a number of research analyst reports. Wells Fargo & Company upped their price target on shares of Procter & Gamble from $165.00 to $170.00 and gave the stock an “overweight” rating in a research note on Monday, July 31st. Bank of America increased their target price on shares of Procter & Gamble from $170.00 to $175.00 and gave the company a “buy” rating in a research note on Tuesday, August 1st. Truist Financial lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating and cut their target price for the company from $165.00 to $155.00 in a research note on Thursday, May 18th. Stifel Nicolaus increased their target price on shares of Procter & Gamble from $155.00 to $161.00 in a research note on Monday, July 31st. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Procter & Gamble from $170.00 to $173.00 and gave the company a “buy” rating in a research note on Monday, July 31st.

Procter & Gamble Trading Up 1.1 %

Shares of NYSE:PG opened at $154.79 on Friday. The company has a 50 day moving average of $153.20 and a 200-day moving average of $150.06. The firm has a market cap of $364.89 billion, a P/E ratio of 26.24, a P/E/G ratio of 3.82 and a beta of 0.42. Procter & Gamble has a twelve month low of $122.18 and a twelve month high of $158.38. The company has a current ratio of 0.63, a quick ratio of 0.44 and a debt-to-equity ratio of 0.53.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Friday, July 28th. The company reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.05. The company had revenue of $20.60 billion during the quarter, compared to analyst estimates of $20.01 billion. Procter & Gamble had a net margin of 17.87% and a return on equity of 32.88%. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.21 EPS. As a group, analysts anticipate that Procter & Gamble will post 6.39 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Friday, July 21st were paid a dividend of $0.9407 per share. The ex-dividend date of this dividend was Thursday, July 20th. This represents a $3.76 annualized dividend and a dividend yield of 2.43%. Procter & Gamble’s dividend payout ratio (DPR) is 63.73%.

Insider Transactions at Procter & Gamble

In other news, CAO Matthew W. Janzaruk sold 33,022 shares of the stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $156.26, for a total transaction of $5,160,017.72. Following the transaction, the chief accounting officer now owns 888 shares in the company, valued at approximately $138,758.88. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CAO Matthew W. Janzaruk sold 33,022 shares of the firm’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $156.26, for a total value of $5,160,017.72. Following the transaction, the chief accounting officer now directly owns 888 shares in the company, valued at approximately $138,758.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ma. Fatima Francisco sold 8,387 shares of the firm’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $156.87, for a total transaction of $1,315,668.69. Following the completion of the transaction, the chief executive officer now owns 962 shares in the company, valued at $150,908.94. The disclosure for this sale can be found here. Insiders have sold a total of 106,607 shares of company stock worth $16,523,793 in the last 90 days. 0.17% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Brandywine Managers LLC bought a new stake in Procter & Gamble in the 1st quarter valued at $22,326,000. BSW Wealth Partners lifted its holdings in shares of Procter & Gamble by 0.5% during the 1st quarter. BSW Wealth Partners now owns 27,813 shares of the company’s stock worth $4,136,000 after acquiring an additional 132 shares during the period. Ballentine Partners LLC lifted its holdings in shares of Procter & Gamble by 12.5% during the 1st quarter. Ballentine Partners LLC now owns 46,655 shares of the company’s stock worth $6,937,000 after acquiring an additional 5,202 shares during the period. Advisor Partners II LLC lifted its holdings in shares of Procter & Gamble by 2.7% during the 1st quarter. Advisor Partners II LLC now owns 114,256 shares of the company’s stock worth $16,987,000 after acquiring an additional 3,037 shares during the period. Finally, Lineweaver Wealth Advisors LLC lifted its holdings in shares of Procter & Gamble by 7.3% during the 1st quarter. Lineweaver Wealth Advisors LLC now owns 27,831 shares of the company’s stock worth $4,139,000 after acquiring an additional 1,899 shares during the period. 63.43% of the stock is currently 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.