Wells Fargo & Company Cuts Procter & Gamble (NYSE:PG) Price Target to $158.00

Procter & Gamble (NYSE:PG) had its price objective cut by Wells Fargo & Company from $170.00 to $158.00 in a research report released on Monday morning, MarketBeat reports. They currently have an overweight rating on the stock.

PG has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft cut their price target on Procter & Gamble from $176.00 to $171.00 and set a “buy” rating on the stock in a research note on Monday, December 8th. Dbs Bank upgraded Procter & Gamble to a “hold” rating in a report on Friday, December 5th. Berenberg Bank raised their target price on Procter & Gamble from $152.00 to $154.00 and gave the stock a “hold” rating in a research report on Wednesday, September 17th. Jefferies Financial Group raised Procter & Gamble from a “hold” rating to a “buy” rating and upped their price target for the company from $156.00 to $179.00 in a report on Tuesday, December 16th. Finally, Raymond James Financial cut their price objective on shares of Procter & Gamble from $185.00 to $175.00 and set an “outperform” rating on the stock in a report on Monday, October 20th. Thirteen equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus target price of $170.14.

Procter & Gamble Stock Down 1.3%

Shares of NYSE:PG opened at $138.06 on Monday. Procter & Gamble has a fifty-two week low of $137.62 and a fifty-two week high of $179.99. The firm’s 50 day moving average price is $145.27 and its 200 day moving average price is $151.77. The company has a quick ratio of 0.51, a current ratio of 0.71 and a debt-to-equity ratio of 0.46. The stock has a market cap of $322.60 billion, a price-to-earnings ratio of 20.15, a price-to-earnings-growth ratio of 4.71 and a beta of 0.39.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Friday, October 24th. The company reported $1.99 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.09. The company had revenue of $22.39 billion for the quarter, compared to the consensus estimate of $22.23 billion. Procter & Gamble had a net margin of 19.74% and a return on equity of 32.63%. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.93 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.100 EPS. As a group, equities research analysts predict that Procter & Gamble will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Friday, October 24th were issued a $1.0568 dividend. This represents a $4.23 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Friday, October 24th. Procter & Gamble’s dividend payout ratio is presently 61.61%.

Insider Activity

In other news, CAO Matthew W. Janzaruk sold 725 shares of Procter & Gamble stock in a transaction on Thursday, October 30th. The shares were sold at an average price of $149.57, for a total value of $108,438.25. Following the transaction, the chief accounting officer directly owned 979 shares of the company’s stock, valued at $146,429.03. The trade was a 42.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Halbert Hargrove Global Advisors LLC acquired a new position in Procter & Gamble in the 3rd quarter valued at about $25,000. Nova Wealth Management Inc. purchased a new position in shares of Procter & Gamble in the 1st quarter valued at approximately $26,000. Signature Resources Capital Management LLC increased its holdings in shares of Procter & Gamble by 67.9% in the second quarter. Signature Resources Capital Management LLC now owns 178 shares of the company’s stock valued at $28,000 after purchasing an additional 72 shares during the period. Saranac Partners Ltd purchased a new stake in shares of Procter & Gamble during the third quarter worth approximately $30,000. Finally, Corundum Trust Company INC acquired a new stake in shares of Procter & Gamble during the third quarter worth $32,000. 65.77% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Company Profile

Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.