Procter & Gamble (NYSE:PG) Price Target Lowered to $180.00 at Bank of America

Procter & Gamble (NYSE:PG - Get Free Report) had its target price decreased by research analysts at Bank of America from $190.00 to $180.00 in a research note issued on Friday,Benzinga reports. The firm currently has a "buy" rating on the stock. Bank of America's target price would indicate a potential upside of 11.77% from the stock's current price.

PG has been the subject of a number of other reports. Erste Group Bank upgraded shares of Procter & Gamble from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. Wells Fargo & Company lifted their price objective on Procter & Gamble from $176.00 to $180.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. Piper Sandler reduced their target price on Procter & Gamble from $173.00 to $172.00 and set a "neutral" rating on the stock in a report on Monday, February 24th. Truist Financial boosted their price target on Procter & Gamble from $180.00 to $185.00 and gave the company a "buy" rating in a research note on Thursday, April 3rd. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. One analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have issued a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $180.79.

Procter & Gamble Stock Performance

Shares of PG traded up $1.51 during trading hours on Friday, hitting $161.04. The company had a trading volume of 12,892,765 shares, compared to its average volume of 7,124,247. The firm has a market cap of $377.61 billion, a price-to-earnings ratio of 25.64, a PEG ratio of 3.76 and a beta of 0.43. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50. The business has a fifty day moving average of $168.16 and a 200-day moving average of $168.32. Procter & Gamble has a 12 month low of $156.58 and a 12 month high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, missing the consensus estimate of $1.57 by ($0.03). Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The company had revenue of $19.78 billion during the quarter, compared to the consensus estimate of $20.42 billion. During the same period in the prior year, the company earned $1.52 earnings per share. Equities analysts anticipate that Procter & Gamble will post 6.91 EPS for the current fiscal year.

Insider Buying and Selling at Procter & Gamble

In related news, CEO Gary A. Coombe sold 18,000 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $171.66, for a total value of $3,089,880.00. Following the transaction, the chief executive officer now directly owns 22,051 shares of the company's stock, valued at $3,785,274.66. The trade was a 44.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.18% of the company's stock.

Institutional Investors Weigh In On Procter & Gamble

Several large investors have recently modified their holdings of the company. NewSquare Capital LLC grew its stake in Procter & Gamble by 933.3% during the fourth quarter. NewSquare Capital LLC now owns 155 shares of the company's stock worth $26,000 after purchasing an additional 140 shares during the period. Navigoe LLC bought a new stake in shares of Procter & Gamble in the 4th quarter valued at $31,000. Capital A Wealth Management LLC bought a new position in Procter & Gamble during the fourth quarter worth $31,000. Hoey Investments Inc. raised its holdings in shares of Procter & Gamble by 321.7% during the fourth quarter. Hoey Investments Inc. now owns 194 shares of the company's stock valued at $33,000 after purchasing an additional 148 shares during the period. Finally, LFA Lugano Financial Advisors SA acquired a new stake in shares of Procter & Gamble in the 4th quarter valued at about $34,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble Company Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.