Other equities research analysts have also issued research reports about the stock. Truist Financial raised shares of Procter & Gamble from a hold rating to a buy rating and upped their target price for the stock from $165.00 to $175.00 in a report on Tuesday, March 22nd. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Procter & Gamble from $177.00 to $171.00 in a report on Wednesday, June 1st. 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. 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, Raymond James increased their price objective on shares of Procter & Gamble from $175.00 to $180.00 and gave the stock an outperform rating in a report on Thursday, April 21st. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target 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.
The firm also recently announced a quarterly dividend, which was paid on Monday, May 16th. Stockholders of record on Friday, April 22nd were paid a $0.9133 dividend. This represents a $3.65 annualized dividend and a dividend yield of 2.57%. The ex-dividend date of this dividend was Thursday, April 21st. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.87. Procter & Gamble’s dividend payout ratio (DPR) is 63.70%.
In related news, CAO Matthew W. Janzaruk sold 334 shares of the stock in a transaction that occurred on Tuesday, April 26th. The shares were sold at an average price of $162.43, for a total value of $54,251.62. Following the sale, the chief accounting officer now directly owns 1,220 shares in the company, valued at approximately $198,164.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman David S. Taylor sold 60,000 shares of the stock in a transaction that occurred on Thursday, April 21st. The shares were sold at an average price of $164.52, for a total transaction of $9,871,200.00. Following the completion of 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 in the last ninety days. Insiders own 0.51% of the company’s stock.
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 acquired a new stake in 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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