Procter & Gamble Company (The) (NYSE:PG) Given Consensus Rating of “Moderate Buy” by Brokerages

Procter & Gamble Company (The) (NYSE:PG) has earned a consensus recommendation of “Moderate Buy” from the twenty-four research firms that are presently covering the company, Marketbeat Ratings reports. Eleven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $161.1905.

Several research analysts have weighed in on PG shares. Citigroup lowered their price target on Procter & Gamble from $181.00 to $170.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Bank of America decreased their target price on shares of Procter & Gamble from $170.00 to $166.00 and set a “buy” rating for the company in a research note on Friday, July 10th. Royal Bank Of Canada restated an “outperform” rating on shares of Procter & Gamble in a report on Wednesday, August 19th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $149.00 price target on shares of Procter & Gamble in a research report on Monday, August 24th. Finally, Barclays increased their price target on shares of Procter & Gamble from $146.00 to $152.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 21st.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, insider Susan Street Whaley sold 2,238 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $143.79, for a total transaction of $321,802.02. Following the transaction, the insider owned 26,989 shares of the company’s stock, valued at $3,880,748.31. The trade was a 7.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Matthew W. Janzaruk sold 359 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $145.24, for a total value of $52,141.16. Following the completion of the sale, the chief accounting officer directly owned 1,271 shares of the company’s stock, valued at approximately $184,600.04. The trade was a 22.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 6,627 shares of company stock worth $953,417. Insiders own 0.20% of the company’s stock.

Institutional Investors Weigh In On Procter & Gamble

Large investors have recently added to or reduced their stakes in the business. Cornerstone Financial Management LLC raised its stake in Procter & Gamble by 43.5% in the 2nd quarter. Cornerstone Financial Management LLC now owns 475 shares of the company’s stock valued at $70,000 after acquiring an additional 144 shares during the period. Tucker Asset Management LLC increased its holdings in shares of Procter & Gamble by 3.0% in the second quarter. Tucker Asset Management LLC now owns 7,061 shares of the company’s stock valued at $1,035,000 after purchasing an additional 203 shares during the last quarter. Amundi raised its position in shares of Procter & Gamble by 16.6% in the second quarter. Amundi now owns 10,679,775 shares of the company’s stock valued at $1,566,082,000 after purchasing an additional 1,519,268 shares during the period. Wellington Grp LLC raised its position in shares of Procter & Gamble by 22.6% in the second quarter. Wellington Grp LLC now owns 8,464 shares of the company’s stock valued at $1,241,000 after purchasing an additional 1,562 shares during the period. Finally, Brown Financial Advisors lifted its stake in shares of Procter & Gamble by 2.5% during the 2nd quarter. Brown Financial Advisors now owns 22,274 shares of the company’s stock worth $3,266,000 after buying an additional 542 shares during the last quarter. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Price Performance

Shares of NYSE PG opened at $143.71 on Tuesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.68 and a quick ratio of 0.47. The business has a 50-day moving average of $147.11 and a 200-day moving average of $148.28. The stock has a market capitalization of $334.04 billion, a price-to-earnings ratio of 21.71, a PEG ratio of 4.43 and a beta of 0.39. Procter & Gamble has a fifty-two week low of $137.62 and a fifty-two week high of $167.25.

Procter & Gamble (NYSE:PG) last released its earnings results on Wednesday, July 29th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.02. Procter & Gamble had a return on equity of 31.36% and a net margin of 18.44%.The business had revenue of $21.20 billion for the quarter, compared to analyst estimates of $21.38 billion. During the same quarter in the prior year, the company posted $1.48 earnings per share. Procter & Gamble’s revenue was up 1.5% on a year-over-year basis. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. As a group, sell-side analysts predict that Procter & Gamble will post 6.98 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Friday, July 24th were issued a $1.0885 dividend. This represents a $4.35 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, July 24th. Procter & Gamble’s dividend payout ratio is presently 65.71%.

About Procter & Gamble

Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.