Procter & Gamble (NYSE:PG) PT Set at $170.00 by Evercore ISI

Evercore ISI set a $170.00 price target on Procter & Gamble (NYSE:PGGet Rating) in a research note published on Monday morning, Stock Target Advisor reports.

Other equities research analysts have also issued research reports about the stock. Jefferies Financial Group upped their target price on shares of Procter & Gamble from $179.00 to $185.00 in a report on Thursday, April 21st. Credit Suisse Group increased their price objective on shares of Procter & Gamble from $140.00 to $150.00 and gave the stock a neutral rating in a report on Thursday, April 21st. Truist Financial raised shares of Procter & Gamble from a hold rating to a buy rating and increased their price objective for the stock from $165.00 to $175.00 in a report on Tuesday, March 22nd. JPMorgan Chase & Co. lowered shares of Procter & Gamble from an overweight rating to a neutral rating and decreased their price objective for the stock from $181.00 to $165.00 in a report on Wednesday, March 30th. Finally, StockNews.com raised shares of Procter & Gamble from a hold rating to a buy rating in a research note on Wednesday, May 18th. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, Procter & Gamble has a consensus rating of Moderate Buy and an average target price of $165.64.

PG opened at $142.30 on Monday. The firm’s 50-day simple moving average is $149.35 and its 200-day simple moving average is $154.38. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.47 and a current ratio of 0.68. Procter & Gamble has a twelve month low of $129.50 and a twelve month high of $165.35. The firm has a market cap of $341.42 billion, a price-to-earnings ratio of 24.83, a PEG ratio of 3.86 and a beta of 0.40.

Procter & Gamble (NYSE:PGGet Rating) last posted its earnings results on Wednesday, April 20th. The company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.05. Procter & Gamble had a net margin of 18.33% and a return on equity of 32.39%. The business had revenue of $19.38 billion for the quarter, compared to analyst estimates of $18.69 billion. During the same quarter in the prior year, the firm earned $1.26 EPS. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Procter & Gamble will post 5.85 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, May 16th. Investors of record on Friday, April 22nd were given a $0.9133 dividend. This represents a $3.65 dividend on an annualized basis and a dividend yield of 2.57%. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.87. The ex-dividend date was Thursday, April 21st. Procter & Gamble’s dividend payout ratio (DPR) is currently 63.70%.

In other Procter & Gamble news, Chairman David S. Taylor sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, April 25th. The shares were sold at an average price of $162.83, for a total transaction of $4,884,900.00. Following the sale, the chairman now directly owns 253,933 shares in the company, valued at approximately $41,347,910.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman David S. Taylor sold 60,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 21st. The stock was sold at an average price of $164.52, for a total transaction of $9,871,200.00. Following the sale, the chairman now owns 253,933 shares in the company, valued at $41,777,057.16. The disclosure for this sale can be found here. Insiders sold a total of 108,415 shares of company stock worth $17,777,055 over the last quarter. 0.51% of the stock is currently owned by corporate insiders.

Hedge funds have recently made changes to their positions in the business. Joseph Group Capital Management acquired a new stake in Procter & Gamble during the 4th quarter worth approximately $1,527,000. Lansing Street Advisors bought a new position in shares of Procter & Gamble during the 1st quarter worth approximately $37,000. Western Pacific Wealth Management LP bought a new position in shares of Procter & Gamble during the 4th quarter worth approximately $40,000. Dravo Bay LLC bought a new position in shares of Procter & Gamble during the 1st quarter worth approximately $40,000. Finally, Retirement Group LLC grew its stake in shares of Procter & Gamble by 48.2% during the 1st quarter. Retirement Group LLC now owns 283 shares of the company’s stock worth $43,000 after acquiring an additional 92 shares in the last quarter. Hedge funds and other institutional investors own 63.64% of the company’s stock.

Procter & Gamble Company Profile (Get Rating)

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It operates in five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care.

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