Procter & Gamble (NYSE:PG) Price Target Raised to $185.00

Procter & Gamble (NYSE:PG - Get Free Report) had its price objective upped by investment analysts at Truist Financial from $180.00 to $185.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Truist Financial's price objective would indicate a potential upside of 12.99% from the stock's previous close.

Other research analysts also recently issued reports about the stock. Wells Fargo & Company boosted their target price on shares of Procter & Gamble from $176.00 to $180.00 and gave the company an "overweight" rating in a research report on Thursday, January 23rd. Barclays reissued an "equal weight" rating on shares of Procter & Gamble in a report on Thursday, March 27th. DA Davidson reaffirmed a "buy" rating and set a $209.00 target price on shares of Procter & Gamble in a report on Thursday, January 23rd. JPMorgan Chase & Co. decreased their price target on Procter & Gamble from $186.00 to $181.00 and set an "overweight" rating for the company in a report on Thursday, January 16th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $164.00 price objective on shares of Procter & Gamble in a research note on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, Procter & Gamble currently has a consensus rating of "Moderate Buy" and a consensus price target of $182.00.

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Procter & Gamble Stock Down 5.0 %

Shares of NYSE:PG traded down $8.66 on Thursday, reaching $163.73. The company had a trading volume of 13,446,957 shares, compared to its average volume of 6,935,619. The firm has a market capitalization of $383.92 billion, a PE ratio of 26.07, a PEG ratio of 3.76 and a beta of 0.41. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. Procter & Gamble has a 52-week low of $153.52 and a 52-week high of $180.43. The firm's 50 day simple moving average is $169.17 and its 200-day simple moving average is $169.20.

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

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, CEO Gary A. Coombe sold 18,000 shares of the business's stock in a transaction dated Tuesday, February 25th. The shares were 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 in the company, valued at $3,785,274.66. The trade was a 44.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Marc S. Pritchard sold 90,450 shares of the firm's stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the sale, the insider now owns 172,814 shares of the company's stock, valued at $28,313,845.76. This represents a 34.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 143,450 shares of company stock worth $23,988,008 in the last ninety days. Insiders own 0.18% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Howard Capital Management Group LLC raised its position in Procter & Gamble by 1.0% in the third quarter. Howard Capital Management Group LLC now owns 8,327 shares of the company's stock valued at $1,442,000 after purchasing an additional 82 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Procter & Gamble by 14.7% in the 3rd quarter. Principal Financial Group Inc. now owns 4,734,588 shares of the company's stock valued at $820,031,000 after buying an additional 608,168 shares during the period. United Bank lifted its stake in Procter & Gamble by 1.7% during the 3rd quarter. United Bank now owns 13,367 shares of the company's stock worth $2,315,000 after acquiring an additional 219 shares in the last quarter. Garden State Investment Advisory Services LLC acquired a new position in Procter & Gamble in the 3rd quarter valued at about $201,000. Finally, Royal London Asset Management Ltd. increased its stake in Procter & Gamble by 4.0% during the third quarter. Royal London Asset Management Ltd. now owns 1,550,549 shares of the company's stock worth $268,555,000 after purchasing an additional 59,129 shares during the period. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

About Procter & Gamble

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.