The Procter & Gamble Company (NYSE:PG) Given Consensus Recommendation of “Buy” by Brokerages

The Procter & Gamble Company (NYSE:PGGet Rating) has earned an average rating of “Buy” from the eighteen brokerages that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $164.20.

A number of analysts have recently commented on PG shares. Truist Financial upgraded Procter & Gamble from a “hold” rating to a “buy” rating and boosted their price target for the company from $165.00 to $175.00 in a report on Tuesday, March 22nd. StockNews.com upgraded Procter & Gamble from a “hold” rating to a “buy” rating in a report on Wednesday, May 18th. The Goldman Sachs Group cut their price target on Procter & Gamble from $179.00 to $173.00 in a report on Tuesday, March 29th. JPMorgan Chase & Co. lowered Procter & Gamble from an “overweight” rating to a “neutral” rating and cut their price target for the company from $181.00 to $165.00 in a report on Wednesday, March 30th. Finally, Credit Suisse Group boosted their price target on Procter & Gamble from $140.00 to $150.00 and gave the company a “neutral” rating in a report on Thursday, April 21st.

PG stock opened at $148.72 on Friday. The business’s 50-day moving average price is $154.81 and its two-hundred day moving average price is $155.28. The company has a current ratio of 0.68, a quick ratio of 0.47 and a debt-to-equity ratio of 0.53. The firm has a market cap of $356.82 billion, a PE ratio of 25.95, a P/E/G ratio of 4.01 and a beta of 0.39. Procter & Gamble has a 1-year low of $131.94 and a 1-year high of $165.35.

Procter & Gamble (NYSE:PGGet Rating) last posted its earnings results on Wednesday, April 20th. The company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.05. The firm had revenue of $19.38 billion for the quarter, compared to analyst estimates of $18.69 billion. Procter & Gamble had a return on equity of 32.39% and a net margin of 18.33%. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.26 earnings per share. On average, analysts forecast that Procter & Gamble will post 5.84 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, May 16th. Shareholders of record on Friday, April 22nd were given a dividend of $0.9133 per share. This represents a $3.65 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend was Thursday, April 21st. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.87. Procter & Gamble’s payout ratio is 63.70%.

In other news, insider Deborah P. Majoras sold 1,927 shares of the company’s stock in a transaction that occurred on Tuesday, March 1st. The stock was sold at an average price of $153.51, for a total value of $295,813.77. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman David S. Taylor sold 12,953 shares of the company’s stock in a transaction that occurred on Tuesday, March 1st. The shares were sold at an average price of $153.51, for a total value of $1,988,415.03. The disclosure for this sale can be found here. In the last three months, insiders have sold 128,515 shares of company stock worth $20,862,606. Company insiders own 0.51% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. North Star Asset Management Inc. boosted its stake in shares of Procter & Gamble by 1.4% in the fourth quarter. North Star Asset Management Inc. now owns 18,819 shares of the company’s stock valued at $3,078,000 after buying an additional 258 shares during the period. Liberty One Investment Management LLC boosted its stake in shares of Procter & Gamble by 2.9% in the fourth quarter. Liberty One Investment Management LLC now owns 132,985 shares of the company’s stock valued at $21,754,000 after buying an additional 3,754 shares during the period. Adviser Investments LLC boosted its stake in shares of Procter & Gamble by 3.1% in the fourth quarter. Adviser Investments LLC now owns 60,154 shares of the company’s stock valued at $9,840,000 after buying an additional 1,793 shares during the period. Kestra Private Wealth Services LLC boosted its stake in shares of Procter & Gamble by 8.6% in the fourth quarter. Kestra Private Wealth Services LLC now owns 83,081 shares of the company’s stock valued at $13,590,000 after buying an additional 6,550 shares during the period. Finally, Bar Harbor Trust Services boosted its stake in shares of Procter & Gamble by 6.9% in the fourth quarter. Bar Harbor Trust Services now owns 15,659 shares of the company’s stock valued at $2,562,000 after buying an additional 1,006 shares during the period. 63.64% of the stock is currently owned by institutional investors.

About Procter & Gamble (Get Rating)

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It operates in five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care.

Read More

Analyst Recommendations for Procter & Gamble (NYSE:PG)

Receive News & Ratings for Procter & Gamble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble and related companies with MarketBeat.com's FREE daily email newsletter.