Procter & Gamble (NYSE:PG) Trading Down 0%

Shares of The Procter & Gamble Company (NYSE:PG) fell 0% during mid-day trading on Thursday . The company traded as low as $162.98 and last traded at $163.83. 2,980,461 shares changed hands during mid-day trading, a decline of 51% from the average session volume of 6,083,638 shares. The stock had previously closed at $163.90.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Argus boosted their price target on Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Jefferies Financial Group increased their price target on shares of Procter & Gamble from $175.00 to $182.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. Truist Financial upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and lifted their price objective for the company from $160.00 to $175.00 in a research note on Monday, March 11th. Barclays increased their price objective on shares of Procter & Gamble from $168.00 to $170.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 23rd. Finally, BNP Paribas began coverage on shares of Procter & Gamble in a research report on Monday, June 24th. They set an “outperform” rating and a $187.00 target price for the company. Six research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $170.72.

Procter & Gamble Stock Down 0.0 %

The company has a market cap of $386.66 billion, a PE ratio of 26.77, a price-to-earnings-growth ratio of 3.13 and a beta of 0.41. The business has a fifty day simple moving average of $165.72 and a two-hundred day simple moving average of $159.19. The company has a current ratio of 0.69, a quick ratio of 0.48 and a debt-to-equity ratio of 0.49.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Friday, April 19th. The company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.10. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. The company had revenue of $20.20 billion during the quarter, compared to analysts’ expectations of $20.43 billion. During the same quarter in the prior year, the company earned $1.37 EPS. Procter & Gamble’s revenue was up .6% compared to the same quarter last year. As a group, equities research analysts predict that The Procter & Gamble Company will post 6.55 earnings per share for the current year.

Procter & Gamble Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th were paid a dividend of $1.0065 per share. The ex-dividend date was Thursday, April 18th. This represents a $4.03 dividend on an annualized basis and a yield of 2.46%. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. Procter & Gamble’s payout ratio is 65.69%.

Insiders Place Their Bets

In other Procter & Gamble news, CEO R. Alexandra Keith sold 855 shares of Procter & Gamble stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $158.50, for a total transaction of $135,517.50. Following the transaction, the chief executive officer now directly owns 4,004 shares of the company’s stock, valued at $634,634. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO R. Alexandra Keith sold 855 shares of the stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $158.50, for a total transaction of $135,517.50. Following the completion of the transaction, the chief executive officer now directly owns 4,004 shares in the company, valued at approximately $634,634. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Sundar G. Raman sold 31,924 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $166.95, for a total transaction of $5,329,711.80. Following the completion of the sale, the chief executive officer now owns 19,042 shares in the company, valued at $3,179,061.90. The disclosure for this sale can be found here. Insiders sold 154,544 shares of company stock valued at $25,413,051 in the last three months. 0.17% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Procter & Gamble

Hedge funds have recently added to or reduced their stakes in the business. Beese Fulmer Investment Management Inc. increased its position in shares of Procter & Gamble by 0.8% in the 2nd quarter. Beese Fulmer Investment Management Inc. now owns 119,026 shares of the company’s stock valued at $19,630,000 after purchasing an additional 961 shares during the last quarter. Moody National Bank Trust Division increased its holdings in Procter & Gamble by 5.2% in the second quarter. Moody National Bank Trust Division now owns 28,510 shares of the company’s stock valued at $4,702,000 after buying an additional 1,412 shares during the last quarter. Curbstone Financial Management Corp raised its stake in Procter & Gamble by 1.6% in the second quarter. Curbstone Financial Management Corp now owns 21,848 shares of the company’s stock valued at $3,603,000 after buying an additional 350 shares in the last quarter. Partnership Wealth Management LLC lifted its holdings in Procter & Gamble by 3.2% during the 2nd quarter. Partnership Wealth Management LLC now owns 6,738 shares of the company’s stock worth $1,111,000 after buying an additional 207 shares during the last quarter. Finally, Modus Advisors LLC boosted its position in shares of Procter & Gamble by 2.4% during the 2nd quarter. Modus Advisors LLC now owns 15,303 shares of the company’s stock worth $2,524,000 after acquiring an additional 357 shares in the last quarter. 65.77% 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.