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The Procter & Gamble Company (NYSE:PG – Get Rating) – Equities research analysts at Jefferies Financial Group decreased their Q3 2023 EPS estimates for shares of Procter & Gamble in a research note issued on Wednesday, March 1st. Jefferies Financial Group analyst K. Grundy now expects that the company will earn $1.29 per share for the quarter, down from their previous estimate of $1.31. The consensus estimate for Procter & Gamble’s current full-year earnings is $5.84 per share. Jefferies Financial Group also issued estimates for Procter & Gamble’s FY2023 earnings at $5.81 EPS.
PG has been the topic of a number of other research reports. Wolfe Research began coverage on shares of Procter & Gamble in a report on Monday, November 21st. They set an “outperform” rating and a $156.00 price objective on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Procter & Gamble from $156.00 to $162.00 and gave the stock a “buy” rating in a report on Tuesday, December 6th. Barclays decreased their price objective on shares of Procter & Gamble from $161.00 to $158.00 and set an “overweight” rating on the stock in a report on Monday, January 23rd. Credit Suisse Group decreased their price objective on shares of Procter & Gamble from $140.00 to $130.00 and set a “neutral” rating on the stock in a report on Tuesday, November 15th. Finally, Raymond James increased their price objective on shares of Procter & Gamble from $165.00 to $170.00 and gave the stock an “outperform” rating in a report on Friday, January 13th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, Procter & Gamble has a consensus rating of “Moderate Buy” and an average target price of $155.67.
Procter & Gamble Stock Up 1.6 {21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}
PG opened at $139.93 on Friday. Procter & Gamble has a twelve month low of $122.18 and a twelve month high of $164.90. The firm’s 50-day simple moving average is $144.52 and its 200-day simple moving average is $141.21. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.37 and a current ratio of 0.56. The firm has a market cap of $330.11 billion, a price-to-earnings ratio of 24.55, a PEG ratio of 3.84 and a beta of 0.40.
Procter & Gamble (NYSE:PG – Get Rating) last posted its earnings results on Thursday, January 19th. The company reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.58 by $0.01. Procter & Gamble had a net margin of 17.79{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a return on equity of 32.03{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The business had revenue of $20.77 billion for the quarter, compared to analyst estimates of $20.75 billion. During the same quarter in the prior year, the firm earned $1.66 EPS. The firm’s quarterly revenue was down .9{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} compared to the same quarter last year.
Institutional Trading of Procter & Gamble
Several hedge funds have recently bought and sold shares of the stock. EWG Elevate Inc. bought a new position in shares of Procter & Gamble during the 4th quarter worth approximately $26,000. Silicon Valley Capital Partners bought a new position in shares of Procter & Gamble during the 4th quarter worth approximately $28,000. Legend Financial Advisors Inc. bought a new position in shares of Procter & Gamble during the 3rd quarter worth approximately $30,000. Luken Investment Analytics LLC bought a new position in shares of Procter & Gamble during the 4th quarter worth approximately $37,000. Finally, Kepos Capital LP bought a new position in shares of Procter & Gamble during the 4th quarter worth approximately $38,000. 62.13{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at Procter & Gamble
In related news, CFO Andre Schulten sold 1,311 shares of the stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $137.34, for a total value of $180,052.74. Following the sale, the chief financial officer now directly owns 35,142 shares in the company, valued at approximately $4,826,402.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Jon R. Moeller sold 2,151 shares of the stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $137.34, for a total value of $295,418.34. Following the sale, the chief executive officer now directly owns 226,748 shares in the company, valued at approximately $31,141,570.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Andre Schulten sold 1,311 shares of the firm’s stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $137.34, for a total transaction of $180,052.74. Following the sale, the chief financial officer now owns 35,142 shares in the company, valued at $4,826,402.28. The disclosure for this sale can be found here. Insiders have sold 4,766 shares of company stock worth $656,511 in the last ninety days. Company insiders own 0.26{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the company’s stock.
Procter & Gamble Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 15th. Shareholders of record on Friday, January 20th were given a dividend of $0.9133 per share. The ex-dividend date was Thursday, January 19th. This represents a $3.65 dividend on an annualized basis and a yield of 2.61{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. Procter & Gamble’s payout ratio is presently 64.04{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.
About Procter & Gamble
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 consists of shave care like female and male blades and razors, pre and post shave products, and appliances.
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