Procter & Gamble (NYSE:PG) Trading Up 1.3% - What's Next?

The Procter & Gamble Company (NYSE:PG - Get Free Report) shares shot up 1.3% during mid-day trading on Monday . The stock traded as high as $170.35 and last traded at $170.17. 1,801,737 shares changed hands during trading, a decline of 74% from the average session volume of 6,869,987 shares. The stock had previously closed at $168.03.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Piper Sandler dropped their price target on Procter & Gamble from $173.00 to $172.00 and set a "neutral" rating for the company in a research note on Monday, February 24th. UBS Group reissued a "buy" rating on shares of Procter & Gamble in a research note on Monday, February 10th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $164.00 target price on shares of Procter & Gamble in a report on Thursday, January 23rd. Wells Fargo & Company boosted their price target on Procter & Gamble from $176.00 to $180.00 and gave the stock an "overweight" rating in a report on Thursday, January 23rd. Finally, Erste Group Bank raised Procter & Gamble from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. Seven investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $181.82.

Procter & Gamble Price Performance

The firm has a market cap of $400.05 billion, a price-to-earnings ratio of 27.17, a P/E/G 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. The business's 50-day simple moving average is $168.96 and its two-hundred day simple moving average is $169.27.

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Procter & Gamble (NYSE:PG - Get Free Report) last announced its earnings results 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 net margin of 18.35% and a return on equity of 33.00%. The business had revenue of $21.88 billion during the quarter, compared to the consensus estimate of $21.66 billion. During the same quarter last year, the firm earned $1.84 earnings per share. Procter & Gamble's quarterly revenue was up 2.1% on a year-over-year basis. As a group, research analysts expect that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

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 2.36%. Procter & Gamble's dividend payout ratio is currently 64.01%.

Insider Buying and Selling

In related news, insider Marc S. Pritchard sold 90,450 shares of the company'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 transaction, the insider now directly owns 172,814 shares of the company's stock, valued at approximately $28,313,845.76. This represents a 34.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gary A. Coombe sold 18,000 shares of the firm's stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now directly owns 22,051 shares of the company's stock, valued at $3,785,274.66. This trade represents a 44.94 % 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 valued at $23,988,008 over the last ninety days. 0.18% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Lakeridge Wealth Management LLC boosted its stake in Procter & Gamble by 0.6% in the 4th quarter. Lakeridge Wealth Management LLC now owns 10,807 shares of the company's stock worth $1,812,000 after purchasing an additional 60 shares during the period. Colton Groome Financial Advisors LLC grew its stake in Procter & Gamble by 3.2% during the fourth quarter. Colton Groome Financial Advisors LLC now owns 1,995 shares of the company's stock valued at $334,000 after acquiring an additional 62 shares in the last quarter. Kolinsky Wealth Management LLC increased its holdings in Procter & Gamble by 1.1% during the 4th quarter. Kolinsky Wealth Management LLC now owns 5,738 shares of the company's stock worth $962,000 after acquiring an additional 64 shares during the period. Retirement Planning Group LLC lifted its stake in Procter & Gamble by 1.4% in the 4th quarter. Retirement Planning Group LLC now owns 4,704 shares of the company's stock worth $789,000 after purchasing an additional 64 shares in the last quarter. Finally, Tevis Investment Management boosted its holdings in Procter & Gamble by 0.6% in the 4th quarter. Tevis Investment Management now owns 11,633 shares of the company's stock valued at $1,950,000 after purchasing an additional 65 shares during the period. Institutional investors own 65.77% of the company's stock.

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.