The Procter & Gamble (NYSE:PG) Hits New 12-Month High at $147.23

The Procter & Gamble Company (NYSE:PG)’s stock price reached a new 52-week high on Monday . The company traded as high as $147.23 and last traded at $146.04, with a volume of 347615 shares changing hands. The stock had previously closed at $144.13.

A number of analysts have weighed in on the stock. Royal Bank of Canada increased their target price on shares of The Procter & Gamble from $130.00 to $139.00 and gave the company a “sector perform” rating in a research report on Monday, August 2nd. Credit Suisse Group increased their target price on shares of The Procter & Gamble from $135.00 to $145.00 and gave the company a “neutral” rating in a research report on Monday, August 2nd. Citigroup increased their target price on shares of The Procter & Gamble from $150.00 to $154.00 and gave the company a “neutral” rating in a research report on Monday, August 2nd. Zacks Investment Research raised shares of The Procter & Gamble from a “hold” rating to a “buy” rating and set a $149.00 target price for the company in a research report on Tuesday, July 20th. Finally, Truist raised their price objective on shares of The Procter & Gamble from $140.00 to $145.00 and gave the stock a “hold” rating in a research report on Monday, August 2nd. Ten investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, The Procter & Gamble currently has an average rating of “Hold” and a consensus target price of $151.63.

The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.52 and a current ratio of 0.70. The firm has a 50 day simple moving average of $141.87 and a two-hundred day simple moving average of $136.63. The firm has a market capitalization of $353.15 billion, a P/E ratio of 26.49, a PEG ratio of 3.47 and a beta of 0.43.

The Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Thursday, July 29th. The company reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.05. The business had revenue of $18.95 billion for the quarter, compared to analysts’ expectations of $18.38 billion. The Procter & Gamble had a return on equity of 31.49% and a net margin of 18.80%. The business’s revenue was up 7.1% on a year-over-year basis. During the same period last year, the business earned $1.16 EPS. Sell-side analysts anticipate that The Procter & Gamble Company will post 5.94 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, August 16th. Stockholders of record on Friday, July 23rd were paid a dividend of $0.8698 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.39%. This is a boost from The Procter & Gamble’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend was Thursday, July 22nd. The Procter & Gamble’s payout ratio is presently 61.48%.

In related news, Director Nelson Peltz sold 207,000 shares of the business’s stock in a transaction dated Tuesday, August 31st. The stock was sold at an average price of $142.43, for a total value of $29,483,010.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Andre Schulten sold 1,513 shares of the business’s stock in a transaction dated Monday, August 23rd. The shares were sold at an average price of $144.50, for a total value of $218,628.50. The disclosure for this sale can be found here. Insiders have sold a total of 748,024 shares of company stock worth $106,760,698 over the last quarter. Company insiders own 0.51% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Transform Wealth LLC grew its holdings in The Procter & Gamble by 38.0% during the 2nd quarter. Transform Wealth LLC now owns 10,679 shares of the company’s stock valued at $1,441,000 after buying an additional 2,940 shares in the last quarter. Stratos Wealth Advisors LLC grew its holdings in The Procter & Gamble by 5.0% during the 2nd quarter. Stratos Wealth Advisors LLC now owns 57,853 shares of the company’s stock valued at $7,806,000 after buying an additional 2,751 shares in the last quarter. Nissay Asset Management Corp Japan ADV grew its holdings in The Procter & Gamble by 7.3% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 390,984 shares of the company’s stock valued at $52,951,000 after buying an additional 26,537 shares in the last quarter. Principle Wealth Partners LLC grew its holdings in The Procter & Gamble by 9.3% during the 1st quarter. Principle Wealth Partners LLC now owns 78,781 shares of the company’s stock valued at $10,669,000 after buying an additional 6,720 shares in the last quarter. Finally, Parnassus Investments CA grew its holdings in The Procter & Gamble by 84.1% during the 1st quarter. Parnassus Investments CA now owns 5,859,148 shares of the company’s stock valued at $793,505,000 after buying an additional 2,676,176 shares in the last quarter. 62.51% of the stock is owned by institutional investors and hedge funds.

About The Procter & Gamble (NYSE:PG)

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment comprises of shave care like female and male blades and razors, pre and post shave products, and appliances.

Featured Article: What is a conference call?

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