Procter & Gamble Company (NYSE: PG) has received a consensus rating of "Moderate Buy" from 26 analysts covering the stock. Of these, 11 analysts have given it a "hold" rating, while 15 recommend a "buy." The average 12-month price target among analysts is $170.57.
Several research firms have recently updated their ratings and price targets for PG. Weiss Ratings maintained a "hold (c)" rating, while Evercore upgraded the stock from "in-line" to "outperform" with a $166.00 target. Wells Fargo & Company and JPMorgan Chase & Co. both raised their price targets to $180.00 and assigned an "overweight" rating. Freedom Broker upgraded PG from "hold" to "buy" with a $176.00 target.
Insider transactions have also been notable. CAO Matthew Janzaruk sold 9,479 shares at $163.00 each, totaling $1,545,077. CEO Sundar Raman sold 38,253 shares at $165.00 each, amounting to $6,311,745. Insiders have collectively sold 161,709 shares worth $26,244,058 over the past three months.
Institutional investors have shown interest in PG, with several firms acquiring new positions in the second quarter. These include Mowery & Schoenfeld Wealth Management LLC, Montgomery Financial Services LLC, and Paladin Partners LLC. Institutional investors now own 65.77% of the company's stock.
PG's stock opened at $165.31 on Friday, with a 1-year range of $137.62 to $170.52. The company reported earnings of $2.00 per share for the latest quarter, beating estimates by $0.11. Revenue was $23.28 billion, up 4.0% year-over-year. The company has a market capitalization of $383.15 billion and a dividend yield of 2.6%.