UBS Group set a $122.00 target price on Procter & Gamble (NYSE:PG) in a research report released on Wednesday, TipRanks reports. The firm currently has a hold rating on the stock.
Several other research analysts have also recently weighed in on PG. Stifel Nicolaus set a $117.00 target price on Procter & Gamble and gave the company a hold rating in a research note on Wednesday. Morgan Stanley upped their target price on Procter & Gamble from $120.00 to $129.00 and gave the company an overweight rating in a report on Wednesday. Wells Fargo & Co reaffirmed a buy rating and set a $135.00 target price (up from $125.00) on shares of Procter & Gamble in a report on Tuesday. Barclays raised Procter & Gamble from an equal weight rating to an overweight rating and upped their target price for the company from $94.00 to $112.00 in a report on Wednesday, April 24th. Finally, Deutsche Bank upped their target price on Procter & Gamble from $106.00 to $109.00 and gave the company a hold rating in a report on Monday, June 17th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $108.15.
Shares of NYSE:PG traded down $0.29 on Wednesday, hitting $116.44. The company’s stock had a trading volume of 11,562,702 shares, compared to its average volume of 8,183,079. Procter & Gamble has a 12 month low of $78.49 and a 12 month high of $121.76. The firm has a market capitalization of $302.03 billion, a P/E ratio of 25.76, a price-to-earnings-growth ratio of 3.63 and a beta of 0.45. The company’s 50-day moving average price is $113.31. The company has a quick ratio of 0.60, a current ratio of 0.75 and a debt-to-equity ratio of 0.43.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Friday, July 19th will be paid a dividend of $0.7459 per share. The ex-dividend date of this dividend is Thursday, July 18th. This represents a $2.98 dividend on an annualized basis and a dividend yield of 2.56%. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.93%.
In related news, VP Valarie L. Sheppard sold 17,000 shares of Procter & Gamble stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $120.20, for a total transaction of $2,043,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mary Theresa Grabowski sold 5,200 shares of Procter & Gamble stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $119.10, for a total value of $619,320.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 247,335 shares of company stock valued at $26,476,375. 1.84% of the stock is owned by insiders.
Several institutional investors have recently made changes to their positions in PG. Slow Capital Inc. raised its holdings in Procter & Gamble by 3.9% during the second quarter. Slow Capital Inc. now owns 2,317 shares of the company’s stock worth $254,000 after acquiring an additional 86 shares in the last quarter. Stony Point Wealth Management Inc. increased its position in Procter & Gamble by 0.7% during the second quarter. Stony Point Wealth Management Inc. now owns 12,805 shares of the company’s stock worth $1,485,000 after buying an additional 91 shares during the last quarter. Family Legacy Inc. increased its position in Procter & Gamble by 0.6% during the second quarter. Family Legacy Inc. now owns 16,162 shares of the company’s stock worth $1,772,000 after buying an additional 95 shares during the last quarter. Merit Financial Group LLC increased its position in Procter & Gamble by 1.6% during the first quarter. Merit Financial Group LLC now owns 6,082 shares of the company’s stock worth $632,000 after buying an additional 96 shares during the last quarter. Finally, O Dell Group LLC increased its position in Procter & Gamble by 1.8% during the second quarter. O Dell Group LLC now owns 5,467 shares of the company’s stock worth $599,000 after buying an additional 98 shares during the last quarter. 62.17% of the stock is owned by institutional investors and hedge funds.
About Procter & Gamble
The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.
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