Procter & Gamble (PG) – Research Analysts’ Recent Ratings Changes

Posted by on Oct 20th, 2023

Several brokerages have updated their recommendations and price targets on shares of Procter & Gamble (NYSE: PG) in the last few weeks:

  • 10/19/2023 – Procter & Gamble had its price target raised by analysts at Wells Fargo & Company from $160.00 to $162.00. They now have an “overweight” rating on the stock.
  • 10/19/2023 – Procter & Gamble was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
  • 10/16/2023 – Procter & Gamble had its price target lowered by analysts at Stifel Nicolaus from $161.00 to $151.00. They now have a “hold” rating on the stock.
  • 10/12/2023 – Procter & Gamble had its price target lowered by analysts at JPMorgan Chase & Co. from $172.00 to $169.00. They now have an “overweight” rating on the stock.
  • 10/12/2023 – Procter & Gamble had its price target lowered by analysts at Barclays PLC from $166.00 to $154.00. They now have an “overweight” rating on the stock.
  • 10/12/2023 – Procter & Gamble had its price target lowered by analysts at Sanford C. Bernstein from $162.00 to $153.00. They now have a “market perform” rating on the stock.
  • 10/3/2023 – Procter & Gamble was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
  • 9/22/2023 – Procter & Gamble is now covered by analysts at HSBC Holdings plc. They set a “buy” rating and a $179.00 price target on the stock.
  • 9/16/2023 – Procter & Gamble was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
  • 9/8/2023 – Procter & Gamble is now covered by analysts at William Blair. They set a “market perform” rating on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 9/8/2023 – Procter & Gamble was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
  • 8/31/2023 – Procter & Gamble was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.

Procter & Gamble Stock Performance

Shares of Procter & Gamble stock opened at $148.25 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.63 and a quick ratio of 0.44. The firm has a 50 day simple moving average of $150.63 and a 200 day simple moving average of $151.09. The Procter & Gamble Company has a fifty-two week low of $126.48 and a fifty-two week high of $158.38. The firm has a market cap of $349.47 billion, a P/E ratio of 25.13, a P/E/G ratio of 3.35 and a beta of 0.44.

Procter & Gamble (NYSE:PG – Get Free Report) last released its earnings results on Wednesday, October 18th. The company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.71 by $0.12. Procter & Gamble had a return on equity of 32.88% and a net margin of 17.87%. The company had revenue of $21.87 billion during the quarter, compared to analysts’ expectations of $21.58 billion. During the same period last year, the firm earned $1.57 EPS. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. Sell-side analysts predict that The Procter & Gamble Company will post 6.38 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Friday, October 20th will be paid a dividend of $0.9407 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date is Thursday, October 19th. Procter & Gamble’s dividend payout ratio (DPR) is 63.73%.

Insider Activity at Procter & Gamble

In other news, CAO Matthew W. Janzaruk sold 33,022 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $156.26, for a total value of $5,160,017.72. Following the transaction, the chief accounting officer now directly owns 888 shares in the company, valued at approximately $138,758.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Procter & Gamble news, CEO Ma. Fatima Francisco sold 8,387 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $156.87, for a total value of $1,315,668.69. Following the completion of the sale, the chief executive officer now owns 962 shares of the company’s stock, valued at $150,908.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Matthew W. Janzaruk sold 33,022 shares of Procter & Gamble stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $156.26, for a total transaction of $5,160,017.72. Following the transaction, the chief accounting officer now directly owns 888 shares in the company, valued at $138,758.88. The disclosure for this sale can be found here. Insiders have sold 108,760 shares of company stock worth $16,835,914 over the last ninety days. Company insiders own 0.17% of the company’s stock.

Institutional Trading of Procter & Gamble

Hedge funds have recently added to or reduced their stakes in the business. Bank Julius Baer & Co. Ltd Zurich lifted its position in Procter & Gamble by 99,734.1% in the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 253,081,478 shares of the company’s stock valued at $38,402,583,000 after acquiring an additional 252,827,976 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Procter & Gamble by 1.4% in the first quarter. BlackRock Inc. now owns 161,843,254 shares of the company’s stock valued at $24,064,473,000 after purchasing an additional 2,157,319 shares in the last quarter. State Street Corp boosted its position in shares of Procter & Gamble by 0.8% during the second quarter. State Street Corp now owns 103,104,467 shares of the company’s stock worth $15,645,072,000 after buying an additional 817,674 shares during the period. Geode Capital Management LLC grew its holdings in shares of Procter & Gamble by 1.1% during the first quarter. Geode Capital Management LLC now owns 46,754,131 shares of the company’s stock worth $6,936,343,000 after buying an additional 510,559 shares in the last quarter. Finally, Morgan Stanley raised its position in Procter & Gamble by 12.6% in the 4th quarter. Morgan Stanley now owns 44,320,700 shares of the company’s stock valued at $6,717,246,000 after buying an additional 4,959,527 shares during the last quarter. Institutional investors and hedge funds own 63.43% of the company’s stock.

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.

Featured Articles

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