Raymond James Financial Cuts Procter & Gamble (NYSE:PG) Price Target to $175.00

Procter & Gamble (NYSE:PG) had its target price reduced by Raymond James Financial from $185.00 to $175.00 in a report published on Monday,Benzinga reports. They currently have an outperform rating on the stock.

PG has been the subject of several other reports. JPMorgan Chase & Co. lowered their price objective on shares of Procter & Gamble from $170.00 to $163.00 and set a “neutral” rating for the company in a research report on Friday, October 10th. Evercore ISI restated an “in-line” rating and set a $170.00 price objective (down from $190.00) on shares of Procter & Gamble in a report on Monday, July 14th. Berenberg Bank lifted their target price on Procter & Gamble from $152.00 to $154.00 and gave the company a “hold” rating in a research report on Wednesday, September 17th. UBS Group dropped their price target on Procter & Gamble from $180.00 to $176.00 and set a “buy” rating on the stock in a research report on Wednesday, October 8th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Procter & Gamble in a report on Wednesday, October 8th. Eleven research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $171.68.

Procter & Gamble Stock Up 0.3%

Shares of NYSE PG opened at $152.12 on Monday. Procter & Gamble has a 1 year low of $146.96 and a 1 year high of $180.43. The firm has a 50-day simple moving average of $154.73 and a two-hundred day simple moving average of $158.50. The company has a market cap of $356.03 billion, a P/E ratio of 23.37, a PEG ratio of 4.02 and a beta of 0.36. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.70 and a quick ratio of 0.49.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.06. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%.The firm had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.79 billion. During the same period in the prior year, the business posted $1.40 earnings per share. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Research analysts anticipate that Procter & Gamble will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Friday, October 24th will be paid a $1.0568 dividend. The ex-dividend date is Friday, October 24th. This represents a $4.23 dividend on an annualized basis and a yield of 2.8%. Procter & Gamble’s dividend payout ratio (DPR) is 64.98%.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, CEO Jennifer L. Davis sold 3,227 shares of the firm’s stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total value of $491,246.21. Following the completion of the transaction, the chief executive officer owned 61,764 shares of the company’s stock, valued at approximately $9,402,333.72. This trade represents a 4.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Andre Schulten sold 4,252 shares of Procter & Gamble stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $152.23, for a total transaction of $647,281.96. Following the sale, the chief financial officer owned 53,992 shares of the company’s stock, valued at $8,219,202.16. The trade was a 7.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 149,763 shares of company stock valued at $23,421,279. Insiders own 0.20% of the company’s stock.

Institutional Trading of Procter & Gamble

Large investors have recently added to or reduced their stakes in the company. Halbert Hargrove Global Advisors LLC acquired a new stake in Procter & Gamble during the third quarter valued at $25,000. Nova Wealth Management Inc. purchased a new stake in shares of Procter & Gamble during the 1st quarter worth about $26,000. Signature Resources Capital Management LLC grew its position in shares of Procter & Gamble by 67.9% during the 2nd quarter. Signature Resources Capital Management LLC now owns 178 shares of the company’s stock valued at $28,000 after acquiring an additional 72 shares during the period. Quarry LP purchased a new position in shares of Procter & Gamble in the 1st quarter valued at about $33,000. Finally, Mid American Wealth Advisory Group Inc. acquired a new position in Procter & Gamble in the 2nd quarter worth about $34,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Company Profile

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