Barclays Cuts Procter & Gamble (NYSE:PG) Price Target to $154.00

Procter & Gamble (NYSE:PGGet Rating) had its price objective decreased by Barclays from $157.00 to $154.00 in a research report report published on Tuesday, Benzinga reports. Barclays currently has an overweight rating on the stock.

A number of other brokerages have also recently commented on PG. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Procter & Gamble from $171.00 to $157.00 and set a buy rating on the stock in a research report on Tuesday, June 21st. StockNews.com cut shares of Procter & Gamble from a buy rating to a hold rating in a report on Monday. Jefferies Financial Group raised their target price on shares of Procter & Gamble from $179.00 to $185.00 in a report on Thursday, April 21st. Evercore ISI set a $170.00 price target on shares of Procter & Gamble in a report on Monday, June 20th. Finally, Truist Financial cut their price target on shares of Procter & Gamble from $175.00 to $160.00 and set a buy rating on the stock in a report on Monday. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of Moderate Buy and a consensus price target of $162.93.

Procter & Gamble Trading Down 0.2 %

Shares of PG opened at $144.65 on Tuesday. The firm’s 50 day simple moving average is $142.98 and its 200 day simple moving average is $151.14. The company has a market capitalization of $347.06 billion, a P/E ratio of 24.90, a P/E/G ratio of 3.92 and a beta of 0.35. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.65 and a quick ratio of 0.45. Procter & Gamble has a 1-year low of $129.50 and a 1-year high of $165.35.

Procter & Gamble (NYSE:PGGet Rating) last announced its earnings results on Friday, July 29th. The company reported $1.21 earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.02). The company had revenue of $19.52 billion during the quarter, compared to analysts’ expectations of $19.41 billion. Procter & Gamble had a net margin of 18.39% and a return on equity of 32.52%. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.13 earnings per share. Sell-side analysts forecast that Procter & Gamble will post 5.94 earnings per share for the current fiscal year.

Procter & Gamble Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 15th. Stockholders of record on Friday, July 22nd will be given a $0.913 dividend. This represents a $3.65 annualized dividend and a dividend yield of 2.52%. The ex-dividend date is Thursday, July 21st. Procter & Gamble’s dividend payout ratio is presently 62.82%.

Insider Transactions at Procter & Gamble

In other news, CEO Ma. Fatima Francisco sold 2,000 shares of Procter & Gamble stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $145.00, for a total value of $290,000.00. Following the completion of the transaction, the chief executive officer now owns 5,026 shares of the company’s stock, valued at approximately $728,770. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO Sundar G. Raman sold 1,599 shares of Procter & Gamble stock in a transaction dated Thursday, July 7th. The stock was sold at an average price of $145.12, for a total value of $232,046.88. Following the completion of the sale, the chief executive officer now directly owns 4,002 shares in the company, valued at approximately $580,770.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Ma. Fatima Francisco sold 2,000 shares of Procter & Gamble stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $145.00, for a total value of $290,000.00. Following the completion of the sale, the chief executive officer now owns 5,026 shares of the company’s stock, valued at $728,770. The disclosure for this sale can be found here. 0.51% of the stock is owned by insiders.

Institutional Investors Weigh In On Procter & Gamble

A number of large investors have recently made changes to their positions in PG. PrairieView Partners LLC grew its position in shares of Procter & Gamble by 5.8% during the 1st quarter. PrairieView Partners LLC now owns 1,141 shares of the company’s stock worth $174,000 after buying an additional 63 shares in the last quarter. Apeiron RIA LLC raised its stake in Procter & Gamble by 2.2% in the first quarter. Apeiron RIA LLC now owns 2,985 shares of the company’s stock valued at $475,000 after buying an additional 64 shares during the last quarter. Ambassador Advisors LLC raised its stake in Procter & Gamble by 2.2% in the fourth quarter. Ambassador Advisors LLC now owns 3,033 shares of the company’s stock valued at $496,000 after buying an additional 65 shares during the last quarter. Perennial Investment Advisors LLC raised its stake in shares of Procter & Gamble by 1.1% in the first quarter. Perennial Investment Advisors LLC now owns 5,889 shares of the company’s stock worth $900,000 after purchasing an additional 65 shares during the last quarter. Finally, Tranquility Partners LLC raised its stake in shares of Procter & Gamble by 3.9% in the first quarter. Tranquility Partners LLC now owns 1,757 shares of the company’s stock worth $268,000 after purchasing an additional 66 shares during the last quarter. 63.64% of the stock is currently owned by institutional investors.

Procter & Gamble Company Profile

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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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