The Procter & Gamble Company (NYSE:PG) Receives $180.45 Average Price Target from Brokerages

Shares of The Procter & Gamble Company (NYSE:PG) have earned an average rating of “Moderate Buy” from the twenty-three analysts that are covering the company, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation, fourteen have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $179.75.

PG has been the subject of several recent analyst reports. Piper Sandler assumed coverage on Procter & Gamble in a research note on Tuesday, September 24th. They set a “neutral” rating and a $174.00 target price for the company. Barclays downgraded shares of Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 price objective for the company. in a research report on Monday, September 30th. Royal Bank of Canada reiterated a “sector perform” rating and set a $164.00 target price on shares of Procter & Gamble in a research report on Monday, October 21st. JPMorgan Chase & Co. raised their price target on shares of Procter & Gamble from $179.00 to $186.00 and gave the stock an “overweight” rating in a report on Thursday, September 19th. Finally, Morgan Stanley upped their price objective on shares of Procter & Gamble from $174.00 to $191.00 and gave the company an “overweight” rating in a report on Monday, October 21st.

Procter & Gamble Stock Up 0.5 %

Shares of NYSE PG opened at $162.07 on Thursday. The company’s 50 day moving average price is $169.83 and its 200-day moving average price is $169.70. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.75. Procter & Gamble has a 52-week low of $146.28 and a 52-week high of $180.43. The company has a market capitalization of $381.68 billion, a P/E ratio of 27.94, a price-to-earnings-growth ratio of 3.70 and a beta of 0.45.

Procter & Gamble (NYSE:PG) last released its earnings results on Friday, October 18th. The company reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.03. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The business had revenue of $21.74 billion for the quarter, compared to analyst estimates of $21.99 billion. During the same quarter in the previous year, the business earned $1.83 earnings per share. Procter & Gamble’s revenue for the quarter was down .6% on a year-over-year basis. Equities analysts forecast that Procter & Gamble will post 6.94 earnings per share for the current year.

Insider Buying and Selling at Procter & Gamble

In other news, CEO R. Alexandra Keith sold 1,992 shares of the business’s stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $170.00, for a total value of $338,640.00. Following the sale, the chief executive officer now owns 13,783 shares of the company’s stock, valued at $2,343,110. The trade was a 12.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Balaji Purushothaman sold 12,800 shares of Procter & Gamble stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $172.73, for a total transaction of $2,210,944.00. Following the completion of the transaction, the insider now owns 11,595 shares of the company’s stock, valued at $2,002,804.35. This represents a 52.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 75,439 shares of company stock worth $13,317,460 over the last ninety days. 0.18% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in PG. Legacy Private Trust Co. lifted its holdings in shares of Procter & Gamble by 8.6% in the fourth quarter. Legacy Private Trust Co. now owns 14,801 shares of the company’s stock worth $2,481,000 after buying an additional 1,173 shares in the last quarter. First Hawaiian Bank lifted its stake in Procter & Gamble by 1.8% in the 4th quarter. First Hawaiian Bank now owns 8,426 shares of the company’s stock worth $1,413,000 after purchasing an additional 147 shares in the last quarter. InvesTrust bought a new position in Procter & Gamble in the 4th quarter valued at $6,821,000. Fulton Bank N.A. grew its position in shares of Procter & Gamble by 1.3% during the 4th quarter. Fulton Bank N.A. now owns 27,630 shares of the company’s stock valued at $4,632,000 after purchasing an additional 366 shares in the last quarter. Finally, Park National Corp OH raised its position in shares of Procter & Gamble by 7.3% in the fourth quarter. Park National Corp OH now owns 260,399 shares of the company’s stock worth $43,656,000 after buying an additional 17,720 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

About Procter & Gamble

The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, SK-II, and Native brands.