Procter & Gamble (NYSE:PG) Coverage Initiated by Analysts at DA Davidson

DA Davidson began coverage on shares of Procter & Gamble (NYSE:PG) in a research note issued to investors on Wednesday, Benzinga reports. The brokerage issued a neutral rating and a $159.00 price target on the stock.

Other analysts have also recently issued reports about the stock. Jefferies Financial Group cut shares of Procter & Gamble from a buy rating to a hold rating and dropped their target price for the stock from $182.00 to $175.00 in a report on Wednesday, July 24th. JPMorgan Chase & Co. raised their price target on Procter & Gamble from $179.00 to $186.00 and gave the stock an overweight rating in a report on Thursday, September 19th. Deutsche Bank Aktiengesellschaft upped their price objective on Procter & Gamble from $171.00 to $176.00 and gave the stock a buy rating in a research note on Wednesday, July 17th. Citigroup upped their price target on shares of Procter & Gamble from $177.00 to $190.00 and gave the stock a buy rating in a research report on Wednesday, July 10th. Finally, Piper Sandler began coverage on Procter & Gamble in a report on Tuesday, September 24th. They set a neutral rating and a $174.00 price target on the stock. Ten research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of $175.05.

Procter & Gamble Trading Up 0.7 %

PG opened at $169.27 on Wednesday. The firm’s fifty day moving average price is $171.22 and its 200 day moving average price is $166.63. The stock has a market capitalization of $399.50 billion, a PE ratio of 27.66, a P/E/G ratio of 3.73 and a beta of 0.41. Procter & Gamble has a 12-month low of $141.66 and a 12-month high of $177.94. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.73 and a quick ratio of 0.53.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $1.40 EPS for the quarter, topping the consensus estimate of $1.37 by $0.03. The business had revenue of $20.53 billion for the quarter, compared to analysts’ expectations of $20.69 billion. Procter & Gamble had a net margin of 17.71% and a return on equity of 33.46%. During the same quarter last year, the company posted $1.37 earnings per share. The company’s quarterly revenue was down .1% compared to the same quarter last year. As a group, research analysts expect that Procter & Gamble will post 6.97 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 18th will be given a $1.0065 dividend. The ex-dividend date of this dividend is Friday, October 18th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.38%. Procter & Gamble’s dividend payout ratio (DPR) is 65.69%.

Insiders Place Their Bets

In other Procter & Gamble news, CEO Ma. Fatima Francisco sold 96,000 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $170.00, for a total value of $16,320,000.00. Following the completion of the transaction, the chief executive officer now directly owns 13,721 shares in the company, valued at $2,332,570. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, insider Balaji Purushothaman sold 8,842 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $164.90, for a total value of $1,458,045.80. Following the transaction, the insider now owns 11,537 shares in the company, valued at approximately $1,902,451.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Ma. Fatima Francisco sold 96,000 shares of Procter & Gamble stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $170.00, for a total transaction of $16,320,000.00. Following the completion of the sale, the chief executive officer now directly owns 13,721 shares of the company’s stock, valued at approximately $2,332,570. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 383,194 shares of company stock worth $65,140,718. Company insiders own 0.17% of the company’s stock.

Institutional Trading of Procter & Gamble

Several large investors have recently made changes to their positions in PG. Itau Unibanco Holding S.A. acquired a new position in Procter & Gamble during the second quarter valued at approximately $28,000. Fairway Wealth LLC bought a new stake in shares of Procter & Gamble during the 2nd quarter worth $29,000. Ruedi Wealth Management Inc. grew its stake in Procter & Gamble by 64.7% in the 1st quarter. Ruedi Wealth Management Inc. now owns 196 shares of the company’s stock valued at $32,000 after buying an additional 77 shares during the last quarter. POM Investment Strategies LLC acquired a new position in Procter & Gamble during the 2nd quarter worth $34,000. Finally, Transcendent Capital Group LLC bought a new stake in Procter & Gamble during the fourth quarter valued at about $31,000. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Company Profile

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.