Q2 2023 EPS Estimates for The Procter & Gamble Company Boosted by Analyst (NYSE:PG)

The Procter & Gamble Company (NYSE:PG – Get Rating) – Investment analysts at Jefferies Financial Group upped their Q2 2023 EPS estimates for Procter & Gamble in a research note issued on Monday, January 16th. Jefferies Financial Group analyst K. Grundy now forecasts that the company will post earnings per share of $1.61 for the quarter, up from their prior forecast of $1.56. The consensus estimate for Procter & Gamble’s current full-year earnings is $5.83 per share. Jefferies Financial Group also issued estimates for Procter & Gamble’s FY2024 earnings at $6.48 EPS and FY2025 earnings at $7.12 EPS.

PG has been the topic of several other reports. Evercore ISI cut their target price on shares of Procter & Gamble to $145.00 in a research note on Thursday, October 20th. Deutsche Bank Aktiengesellschaft raised their target price on Procter & Gamble from $156.00 to $162.00 and gave the company a “buy” rating in a research note on Tuesday, December 6th. Wolfe Research assumed coverage on Procter & Gamble in a research report on Monday, November 21st. They issued an “outperform” rating and a $156.00 target price for the company. UBS Group cut their price target on Procter & Gamble from $153.00 to $135.00 in a report on Thursday, October 13th. Finally, JPMorgan Chase & Co. boosted their price objective on Procter & Gamble from $141.00 to $150.00 and gave the company a “neutral” rating in a report on Friday, January 13th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Procter & Gamble presently has a consensus rating of “Moderate Buy” and a consensus price target of $153.43.

Procter & Gamble Price Performance

Procter & Gamble stock opened at $146.41 on Wednesday. The stock’s 50 day moving average price is $148.85 and its two-hundred day moving average price is $142.08. The stock has a market capitalization of $349.26 billion, a price-to-earnings ratio of 25.37, a PEG ratio of 4.32 and a beta of 0.42. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.41 and a current ratio of 0.62. Procter & Gamble has a 52-week low of $122.18 and a 52-week high of $165.35.

Procter & Gamble (NYSE:PG – Get Rating) last released its earnings results on Wednesday, October 19th. The company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.55 by $0.02. The business had revenue of $20.61 billion during the quarter, compared to analysts’ expectations of $20.37 billion. Procter & Gamble had a return on equity of 32.66% and a net margin of 18.11%. The firm’s revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.61 earnings per share.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Axiom Financial Strategies LLC lifted its holdings in Procter & Gamble by 7.0% during the first quarter. Axiom Financial Strategies LLC now owns 1,728 shares of the company’s stock valued at $276,000 after purchasing an additional 113 shares during the last quarter. AMI Investment Management Inc. lifted its stake in shares of Procter & Gamble by 7.2% during the 1st quarter. AMI Investment Management Inc. now owns 3,461 shares of the company’s stock valued at $529,000 after buying an additional 233 shares in the last quarter. LSV Asset Management boosted its holdings in Procter & Gamble by 5.7% in the 1st quarter. LSV Asset Management now owns 18,600 shares of the company’s stock worth $2,842,000 after buying an additional 1,000 shares during the period. Ergoteles LLC purchased a new position in Procter & Gamble in the 1st quarter valued at approximately $3,073,000. Finally, Wsfs Capital Management LLC raised its holdings in Procter & Gamble by 12.0% during the 1st quarter. Wsfs Capital Management LLC now owns 4,256 shares of the company’s stock valued at $650,000 after acquiring an additional 455 shares during the period. 62.13% of the stock is owned by institutional investors.

Insider Activity at Procter & Gamble

In other news, CEO Sundar G. Raman sold 9,922 shares of the business’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $145.00, for a total value of $1,438,690.00. Following the transaction, the chief executive officer now owns 12,312 shares in the company, valued at approximately $1,785,240. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CEO R. Alexandra Keith sold 33,968 shares of the business’s stock in a transaction dated Tuesday, November 8th. The shares were sold at an average price of $137.44, for a total value of $4,668,561.92. Following the transaction, the chief executive officer now directly owns 38,990 shares of the company’s stock, valued at approximately $5,358,785.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Sundar G. Raman sold 9,922 shares of the firm’s stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $145.00, for a total transaction of $1,438,690.00. Following the sale, the chief executive officer now owns 12,312 shares of the company’s stock, valued at approximately $1,785,240. The disclosure for this sale can be found here. Insiders have sold 58,812 shares of company stock valued at $8,190,363 over the last ninety days. Corporate insiders own 0.26% of the company’s stock.

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 15th. Stockholders of record on Friday, January 20th will be issued a $0.9133 dividend. The ex-dividend date is Thursday, January 19th. This represents a $3.65 annualized dividend and a dividend yield of 2.50%. Procter & Gamble’s dividend payout ratio is currently 63.26%.

About Procter & Gamble

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The Procter & Gamble Company provides branded consumer packaged goods worldwide. It 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, and SK-II brands.