Procter & Gamble (NYSE:PG) Trading Up 0.2% After Analyst Upgrade

The Procter & Gamble Company (NYSE:PG) shot up 0.2% during mid-day trading on Tuesday after Morgan Stanley raised their price target on the stock from $174.00 to $191.00. Morgan Stanley currently has an overweight rating on the stock. Procter & Gamble traded as high as $170.73 and last traded at $169.92. 2,428,094 shares were traded during mid-day trading, a decline of 64% from the average session volume of 6,666,199 shares. The stock had previously closed at $169.54.

A number of other research firms also recently weighed in on PG. Dbs Bank downgraded shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 1st. Piper Sandler initiated coverage on shares of Procter & Gamble in a research note on Tuesday, September 24th. They set a “neutral” rating and a $174.00 price target on the stock. StockNews.com downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. TD Cowen initiated coverage on shares of Procter & Gamble in a research note on Tuesday, July 23rd. They set a “buy” rating and a $189.00 price target on the stock. Finally, Barclays downgraded shares of Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 price target on the stock. in a research note on Monday, September 30th. Nine research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $177.00.

Insider Buying and Selling at Procter & Gamble

In related news, CEO R. Alexandra Keith sold 3,373 shares of Procter & Gamble stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $170.00, for a total value of $573,410.00. Following the completion of the sale, the chief executive officer now directly owns 21,513 shares in the company, valued at $3,657,210. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Procter & Gamble news, insider Susan Street Whaley sold 634 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $171.65, for a total transaction of $108,826.10. Following the transaction, the insider now directly owns 19,341 shares in the company, valued at approximately $3,319,882.65. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO R. Alexandra Keith sold 3,373 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $170.00, for a total transaction of $573,410.00. Following the transaction, the chief executive officer now owns 21,513 shares in the company, valued at approximately $3,657,210. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 383,194 shares of company stock worth $65,140,718. Insiders own 0.18% of the company’s stock.

Institutional Trading of Procter & Gamble

A number of institutional investors and hedge funds have recently modified their holdings of PG. Retirement Planning Group LLC increased its stake in Procter & Gamble by 3.1% during the 1st quarter. Retirement Planning Group LLC now owns 4,424 shares of the company’s stock worth $718,000 after purchasing an additional 133 shares in the last quarter. Hoxton Planning & Management LLC increased its stake in Procter & Gamble by 17.3% during the 1st quarter. Hoxton Planning & Management LLC now owns 2,201 shares of the company’s stock worth $357,000 after purchasing an additional 325 shares in the last quarter. Thompson Investment Management Inc. increased its stake in Procter & Gamble by 0.6% during the 1st quarter. Thompson Investment Management Inc. now owns 23,390 shares of the company’s stock worth $3,795,000 after purchasing an additional 144 shares in the last quarter. Prentice Wealth Management LLC increased its stake in Procter & Gamble by 3.1% during the 1st quarter. Prentice Wealth Management LLC now owns 3,995 shares of the company’s stock worth $648,000 after purchasing an additional 120 shares in the last quarter. Finally, Security National Bank increased its stake in Procter & Gamble by 20.5% during the 1st quarter. Security National Bank now owns 693 shares of the company’s stock worth $112,000 after purchasing an additional 118 shares in the last quarter. 65.77% of the stock is owned by institutional investors.

Procter & Gamble Stock Up 0.1 %

The company has a market capitalization of $400.59 billion, a P/E ratio of 29.26, a PEG ratio of 3.72 and a beta of 0.41. The firm’s 50 day moving average price is $171.87 and its two-hundred day moving average price is $167.43. The company has a current ratio of 0.73, a quick ratio of 0.53 and a debt-to-equity ratio of 0.51.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Friday, October 18th. The company reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.03. The company had revenue of $21.74 billion during the quarter, compared to analysts’ expectations of $21.99 billion. Procter & Gamble had a net margin of 17.71% and a return on equity of 33.46%. The business’s quarterly revenue was down .6% on a year-over-year basis. During the same period last year, the business earned $1.83 EPS. Equities research analysts forecast that The Procter & Gamble Company will post 6.98 EPS for the current year.

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 18th will be issued a $1.0065 dividend. This represents a $4.03 annualized dividend and a dividend yield of 2.37%. The ex-dividend date is Friday, October 18th. Procter & Gamble’s payout ratio is presently 69.48%.

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.