Procter & Gamble (NYSE:PG) Trading Up 1.8% on Analyst Upgrade

The Procter & Gamble Company (NYSE:PG - Get Free Report) shares traded up 1.8% on Thursday after Truist Financial raised their price target on the stock from $180.00 to $185.00. Truist Financial currently has a buy rating on the stock. Procter & Gamble traded as high as $174.80 and last traded at $172.53. 3,486,593 shares changed hands during trading, a decline of 49% from the average session volume of 6,897,743 shares. The stock had previously closed at $169.50.

PG has been the subject of a number of other reports. Piper Sandler reduced their price target on shares of Procter & Gamble from $173.00 to $172.00 and set a "neutral" rating for the company in a research note on Monday, February 24th. Royal Bank of Canada restated a "sector perform" rating and issued a $164.00 target price on shares of Procter & Gamble in a research report on Thursday, January 23rd. Wells Fargo & Company lifted their price target on Procter & Gamble from $176.00 to $180.00 and gave the company an "overweight" rating in a research report on Thursday, January 23rd. Stifel Nicolaus upped their price objective on Procter & Gamble from $161.00 to $165.00 and gave the company a "hold" rating in a report on Thursday, January 23rd. Finally, UBS Group reaffirmed a "buy" rating on shares of Procter & Gamble in a report on Monday, February 10th. Seven research analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, Procter & Gamble currently has a consensus rating of "Moderate Buy" and a consensus price target of $182.00.

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Insider Buying and Selling at Procter & Gamble

In other news, CEO Gary A. Coombe sold 35,000 shares of the business's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $173.68, for a total transaction of $6,078,800.00. Following the transaction, the chief executive officer now directly owns 22,051 shares in the company, valued at $3,829,817.68. The trade was a 61.35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Marc S. Pritchard sold 90,450 shares of the stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total value of $14,819,328.00. Following the sale, the insider now owns 172,814 shares of the company's stock, valued at approximately $28,313,845.76. This represents a 34.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 143,450 shares of company stock valued at $23,988,008 in the last 90 days. 0.18% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Procter & Gamble

Several large investors have recently made changes to their positions in PG. Howard Capital Management Group LLC raised its stake in shares of Procter & Gamble by 1.0% in the 3rd quarter. Howard Capital Management Group LLC now owns 8,327 shares of the company's stock valued at $1,442,000 after acquiring an additional 82 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Procter & Gamble by 14.7% during the third quarter. Principal Financial Group Inc. now owns 4,734,588 shares of the company's stock valued at $820,031,000 after purchasing an additional 608,168 shares during the last quarter. United Bank raised its position in shares of Procter & Gamble by 1.7% in the third quarter. United Bank now owns 13,367 shares of the company's stock valued at $2,315,000 after purchasing an additional 219 shares during the period. Garden State Investment Advisory Services LLC acquired a new stake in shares of Procter & Gamble in the third quarter worth $201,000. Finally, Royal London Asset Management Ltd. boosted its holdings in shares of Procter & Gamble by 4.0% during the 3rd quarter. Royal London Asset Management Ltd. now owns 1,550,549 shares of the company's stock worth $268,555,000 after buying an additional 59,129 shares during the period. Institutional investors own 65.77% of the company's stock.

Procter & Gamble Stock Down 5.0 %

The firm has a market capitalization of $383.92 billion, a price-to-earnings ratio of 26.07, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76. The business's 50 day moving average is $169.17 and its 200-day 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 the consensus estimate of $1.86 by $0.02. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The business had revenue of $21.88 billion during the quarter, compared to analysts' expectations of $21.66 billion. During the same quarter in the previous year, the firm earned $1.84 EPS. The firm's revenue was up 2.1% compared to the same quarter last year. Equities analysts anticipate that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th were paid a $1.0065 dividend. The ex-dividend date was Friday, January 24th. This represents a $4.03 annualized dividend and a dividend yield of 2.46%. Procter & Gamble's payout ratio is 64.01%.

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.