Procter & Gamble (NYSE:PG) Given New $172.00 Price Target at JPMorgan Chase & Co.

Procter & Gamble (NYSE:PG - Get Free Report) had its price objective cut by equities researchers at JPMorgan Chase & Co. from $181.00 to $172.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price target suggests a potential upside of 1.71% from the company's previous close.

Several other analysts have also weighed in on the company. Truist Financial raised their price objective on Procter & Gamble from $180.00 to $185.00 and gave the company a "buy" rating in a research note on Thursday, April 3rd. Barclays restated an "equal weight" rating on shares of Procter & Gamble in a report on Thursday, March 27th. Stifel Nicolaus boosted their price target on shares of Procter & Gamble from $161.00 to $165.00 and gave the stock a "hold" rating in a research report on Thursday, January 23rd. Royal Bank of Canada restated a "sector perform" rating and set a $164.00 target price on shares of Procter & Gamble in a research report on Thursday, January 23rd. Finally, UBS Group restated a "buy" rating on shares of Procter & Gamble in a report on Monday, February 10th. Seven investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $181.50.

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Procter & Gamble Price Performance

NYSE:PG traded up $2.20 during trading hours on Friday, reaching $169.11. 9,877,341 shares of the company were exchanged, compared to its average volume of 7,051,166. The business has a 50 day moving average of $168.35 and a 200 day moving average of $168.59. Procter & Gamble has a 1-year low of $153.52 and a 1-year high of $180.43. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55. The company has a market capitalization of $396.54 billion, a P/E ratio of 26.93, a P/E/G ratio of 3.76 and a beta of 0.43.

Procter & Gamble (NYSE:PG - Get Free Report) last released its earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.02. The company had revenue of $21.88 billion for the quarter, compared to analyst estimates of $21.66 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. Procter & Gamble's quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.84 EPS. Research analysts forecast that Procter & Gamble will post 6.91 EPS for the current year.

Insider Buying and Selling

In other news, insider Marc S. Pritchard sold 90,450 shares of the business's stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the completion of the transaction, the insider now directly owns 172,814 shares in the company, valued at $28,313,845.76. The trade was a 34.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Gary A. Coombe sold 18,000 shares of the business's stock in a transaction dated 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 owns 22,051 shares of the company's stock, valued at approximately $3,785,274.66. The trade was a 44.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 143,450 shares of company stock valued at $23,988,008. 0.18% of the stock is owned by insiders.

Hedge Funds Weigh In On Procter & Gamble

A number of hedge funds and other institutional investors have recently bought and sold shares of PG. Norges Bank bought a new stake in shares of Procter & Gamble in the 4th quarter worth approximately $5,244,463,000. GAMMA Investing LLC grew its holdings in Procter & Gamble by 20,758.5% in the 1st quarter. GAMMA Investing LLC now owns 7,951,456 shares of the company's stock worth $1,355,087,000 after acquiring an additional 7,913,335 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Procter & Gamble during the fourth quarter valued at about $1,010,685,000. Bank Julius Baer & Co. Ltd Zurich grew its stake in shares of Procter & Gamble by 1,195.1% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,222,585 shares of the company's stock worth $580,596,000 after purchasing an additional 2,973,757 shares during the last quarter. Finally, Capital Research Global Investors lifted its holdings in Procter & Gamble by 62.5% in the 4th quarter. Capital Research Global Investors now owns 7,398,120 shares of the company's stock worth $1,240,294,000 after buying an additional 2,846,560 shares during the period. Hedge funds and other institutional investors own 65.77% of the company's stock.

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.