Procter & Gamble (NYSE:PG) Trading Down 0.7%

The Procter & Gamble Company (NYSE:PG) fell 0.7% during mid-day trading on Friday . The stock traded as low as $162.16 and last traded at $162.69. 1,507,384 shares changed hands during mid-day trading, a decline of 78% from the average session volume of 6,868,543 shares. The stock had previously closed at $163.84.

Analysts Set New Price Targets

PG has been the topic of a number of recent research reports. Royal Bank of Canada raised their price objective on shares of Procter & Gamble from $156.00 to $157.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 24th. JPMorgan Chase & Co. lowered their price objective on Procter & Gamble from $169.00 to $162.00 and set an “overweight” rating for the company in a research note on Thursday, January 18th. Jefferies Financial Group raised their target price on Procter & Gamble from $175.00 to $182.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Truist Financial raised Procter & Gamble from a “hold” rating to a “buy” rating and increased their price target for the company from $160.00 to $175.00 in a research report on Monday, March 11th. Finally, Raymond James lifted their price objective on shares of Procter & Gamble from $170.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $169.76.

Procter & Gamble Price Performance

The company has a current ratio of 0.69, a quick ratio of 0.48 and a debt-to-equity ratio of 0.49. The stock has a market cap of $388.15 billion, a PE ratio of 26.87, a PEG ratio of 3.33 and a beta of 0.43. The business has a 50-day moving average price of $160.01 and a 200 day moving average price of $154.17.

Procter & Gamble (NYSE:PG) last issued 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 firm had revenue of $20.20 billion during the quarter, compared to analyst estimates of $20.43 billion. During the same quarter last year, the business earned $1.37 earnings per share. The company’s quarterly revenue was up .6% on a year-over-year basis. As a group, research analysts forecast that The Procter & Gamble Company will post 6.55 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th will be given a dividend of $1.0065 per share. The ex-dividend date of this dividend is Thursday, April 18th. This represents a $4.03 annualized dividend and a dividend yield of 2.45%. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. Procter & Gamble’s dividend payout ratio is currently 65.85%.

Insider Activity

In other news, CEO Gary A. Coombe sold 22,000 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $161.32, for a total value of $3,549,040.00. Following the sale, the chief executive officer now directly owns 36,845 shares of the company’s stock, valued at $5,943,835.40. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO R. Alexandra Keith sold 776 shares of the business’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 transaction, the chief executive officer now directly owns 4,859 shares in the company, valued at $768,256.49. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Gary A. Coombe sold 22,000 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $161.32, for a total value of $3,549,040.00. Following the completion of the sale, the chief executive officer now directly owns 36,845 shares in the company, valued at approximately $5,943,835.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 86,865 shares of company stock worth $14,059,180. 0.17% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of PG. Demars Financial Group LLC boosted its holdings in Procter & Gamble by 4.4% in the fourth quarter. Demars Financial Group LLC now owns 1,497 shares of the company’s stock valued at $219,000 after purchasing an additional 63 shares in the last quarter. Emerald Advisors LLC raised its stake in Procter & Gamble by 1.8% during the 4th quarter. Emerald Advisors LLC now owns 3,775 shares of the company’s stock worth $553,000 after acquiring an additional 65 shares in the last quarter. O Brien Wealth Partners LLC lifted its position in Procter & Gamble by 3.3% in the fourth quarter. O Brien Wealth Partners LLC now owns 2,062 shares of the company’s stock valued at $302,000 after acquiring an additional 65 shares during the last quarter. Mechanics Financial Corp grew its holdings in shares of Procter & Gamble by 0.4% during the fourth quarter. Mechanics Financial Corp now owns 16,184 shares of the company’s stock worth $2,372,000 after purchasing an additional 65 shares during the last quarter. Finally, Patrick M Sweeney & Associates Inc. increased its position in shares of Procter & Gamble by 1.2% during the first quarter. Patrick M Sweeney & Associates Inc. now owns 5,266 shares of the company’s stock worth $854,000 after purchasing an additional 65 shares in the last quarter. 65.77% of the stock is currently owned by 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.