Procter & Gamble (NYSE:PG) Stock Price Up 0.1%

Shares of The Procter & Gamble Company (NYSE:PG) were up 0.1% during trading on Wednesday . The stock traded as high as $166.37 and last traded at $165.87. Approximately 1,145,961 shares were traded during mid-day trading, a decline of 83% from the average daily volume of 6,830,246 shares. The stock had previously closed at $165.76.

Analysts Set New Price Targets

Several brokerages have weighed in on PG. Jefferies Financial Group lifted their price objective on shares of Procter & Gamble from $175.00 to $182.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. UBS Group lifted their price objective on Procter & Gamble from $172.00 to $178.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft reduced their target price on Procter & Gamble from $172.00 to $171.00 and set a “buy” rating on the stock in a report on Monday, April 22nd. StockNews.com lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. Finally, Truist Financial raised 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. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $169.76.

Procter & Gamble Price Performance

The company has a debt-to-equity ratio of 0.49, a current ratio of 0.69 and a quick ratio of 0.48. The company has a fifty day moving average of $160.23 and a 200 day moving average of $154.49. The firm has a market capitalization of $389.59 billion, a P/E ratio of 27.06, a PEG ratio of 3.34 and a beta of 0.43.

Procter & Gamble (NYSE:PG) last announced its earnings results on Friday, April 19th. The company reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.10. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. The business had revenue of $20.20 billion during the quarter, compared to the consensus estimate of $20.43 billion. During the same quarter last year, the firm earned $1.37 earnings per share. Procter & Gamble’s quarterly revenue was up .6% on a year-over-year basis. Sell-side analysts predict that The Procter & Gamble Company will post 6.55 earnings per share for the current year.

Procter & Gamble Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th will be paid a $1.0065 dividend. The ex-dividend date of this dividend is Thursday, April 18th. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 annualized dividend and a yield of 2.44%. Procter & Gamble’s payout ratio is 65.69%.

Insider Activity

In related news, COO Shailesh Jejurikar sold 31,859 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $164.90, for a total transaction of $5,253,549.10. Following the transaction, the chief operating officer now directly owns 9,739 shares of the company’s stock, valued at approximately $1,605,961.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Procter & Gamble news, COO Shailesh Jejurikar sold 31,859 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $164.90, for a total transaction of $5,253,549.10. Following the transaction, the chief operating officer now owns 9,739 shares in the company, valued at $1,605,961.10. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO R. Alexandra Keith sold 776 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $158.11, for a total transaction of $122,693.36. Following the completion of the sale, the chief executive officer now owns 4,859 shares in the company, valued at approximately $768,256.49. The disclosure for this sale can be found here. Insiders sold 140,112 shares of company stock worth $22,841,321 in the last quarter. 0.17% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Procter & Gamble

Several institutional investors have recently added to or reduced their stakes in the business. BNC Wealth Management LLC lifted its holdings in shares of Procter & Gamble by 1.6% during the 3rd quarter. BNC Wealth Management LLC now owns 14,175 shares of the company’s stock worth $2,068,000 after acquiring an additional 222 shares during the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its stake in Procter & Gamble by 7.0% in the third quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 52,179 shares of the company’s stock worth $7,611,000 after buying an additional 3,426 shares in the last quarter. Oak Harvest Investment Services lifted its holdings in shares of Procter & Gamble by 22.0% in the 3rd quarter. Oak Harvest Investment Services now owns 47,773 shares of the company’s stock worth $6,968,000 after acquiring an additional 8,615 shares during the last quarter. Monument Capital Management raised its position in Procter & Gamble by 5.8% in the 3rd quarter. Monument Capital Management now owns 20,978 shares of the company’s stock worth $3,060,000 after purchasing an additional 1,143 shares during the period. Finally, KMG Fiduciary Partners LLC boosted its position in Procter & Gamble by 2.1% during the third quarter. KMG Fiduciary Partners LLC now owns 64,712 shares of the company’s stock valued at $9,439,000 after buying an additional 1,324 shares during the period. 65.77% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Company Profile

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.