Procter & Gamble (NYSE:PG) PT Raised to $185.00 at Jefferies Financial Group

Procter & Gamble (NYSE:PGGet Rating) had its price target raised by stock analysts at Jefferies Financial Group from $179.00 to $185.00 in a research note issued on Thursday, The Fly reports. Jefferies Financial Group’s price target suggests a potential upside of 14.73% from the company’s current price. Jefferies Financial Group also issued estimates for Procter & Gamble’s Q3 2022 earnings at $1.29 EPS, Q4 2022 earnings at $1.32 EPS, Q4 2022 earnings at $1.26 EPS, FY2022 earnings at $5.85 EPS, FY2022 earnings at $5.88 EPS, FY2023 earnings at $6.32 EPS and FY2024 earnings at $6.86 EPS.

Several other brokerages also recently issued reports on PG. Zacks Investment Research downgraded shares of Procter & Gamble from a “hold” rating to a “sell” rating and set a $163.00 price target on the stock. in a research report on Tuesday, March 29th. Morgan Stanley upped their target price on shares of Procter & Gamble from $161.00 to $177.00 and gave the company an “overweight” rating in a research report on Thursday, January 20th. Credit Suisse Group upped their target price on shares of Procter & Gamble from $140.00 to $150.00 and gave the company a “neutral” rating in a research report on Thursday. Royal Bank of Canada upped their target price on shares of Procter & Gamble from $150.00 to $160.00 and gave the company a “sector perform” rating in a research report on Thursday, January 20th. Finally, Truist Financial upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and upped their target price for the company from $165.00 to $175.00 in a research report on Tuesday, March 22nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Procter & Gamble presently has an average rating of “Hold” and an average price target of $164.50.

Shares of NYSE PG opened at $161.25 on Thursday. The firm’s 50-day simple moving average is $154.71 and its 200 day simple moving average is $153.47. The company has a market cap of $390.22 billion, a price-to-earnings ratio of 28.49, a price-to-earnings-growth ratio of 4.26 and a beta of 0.46. The company has a quick ratio of 0.50, a current ratio of 0.67 and a debt-to-equity ratio of 0.51. Procter & Gamble has a 12-month low of $130.29 and a 12-month high of $165.35.

Procter & Gamble (NYSE:PGGet Rating) last issued its quarterly earnings results on Wednesday, April 20th. The company reported $1.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.29 by $0.04. The business had revenue of $19.38 billion for the quarter, compared to the consensus estimate of $18.69 billion. Procter & Gamble had a net margin of 18.52% and a return on equity of 31.99%. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.26 EPS. On average, equities analysts expect that Procter & Gamble will post 5.87 earnings per share for the current year.

In other Procter & Gamble news, Chairman David S. Taylor sold 60,000 shares of the company’s stock in a transaction that occurred on Thursday, April 21st. The stock was sold at an average price of $164.52, for a total transaction of $9,871,200.00. Following the completion of the transaction, the chairman now owns 253,933 shares of the company’s stock, valued at approximately $41,777,057.16. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Ma. Fatima Francisco sold 18,000 shares of the company’s stock in a transaction that occurred on Thursday, April 21st. The stock was sold at an average price of $164.10, for a total value of $2,953,800.00. Following the transaction, the chief executive officer now directly owns 7,020 shares of the company’s stock, valued at approximately $1,151,982. The disclosure for this sale can be found here. Over the last three months, insiders have sold 493,622 shares of company stock valued at $79,418,240. 0.51% of the stock is owned by company insiders.

A number of large investors have recently added to or reduced their stakes in PG. OLD Mission Capital LLC bought a new position in shares of Procter & Gamble in the third quarter worth $349,000. Morgan Stanley raised its stake in Procter & Gamble by 5.0% during the second quarter. Morgan Stanley now owns 34,500,719 shares of the company’s stock worth $4,655,181,000 after acquiring an additional 1,632,893 shares in the last quarter. Atticus Wealth Management LLC lifted its holdings in shares of Procter & Gamble by 1.9% in the third quarter. Atticus Wealth Management LLC now owns 5,725 shares of the company’s stock worth $800,000 after acquiring an additional 109 shares during the last quarter. Venturi Wealth Management LLC boosted its stake in shares of Procter & Gamble by 1.4% in the 3rd quarter. Venturi Wealth Management LLC now owns 14,461 shares of the company’s stock valued at $2,022,000 after purchasing an additional 202 shares in the last quarter. Finally, Keudell Morrison Wealth Management increased its position in Procter & Gamble by 2.4% during the 3rd quarter. Keudell Morrison Wealth Management now owns 9,450 shares of the company’s stock worth $1,321,000 after purchasing an additional 219 shares in the last quarter. 63.05% of the stock is owned by hedge funds and other institutional investors.

About Procter & Gamble (Get Rating)

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It operates in five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care.

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