Procter & Gamble (NYSE:PG) Upgraded at Erste Group Bank

Procter & Gamble (NYSE:PG) was upgraded by Erste Group Bank from a “hold” rating to a “buy” rating in a report issued on Wednesday.

A number of other research analysts also recently weighed in on PG. Piper Sandler began coverage on shares of Procter & Gamble in a research report on Wednesday, January 7th. They issued a “neutral” rating and a $150.00 price objective for the company. UBS Group raised their price objective on Procter & Gamble from $161.00 to $170.00 and gave the company a “buy” rating in a report on Friday, January 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Procter & Gamble in a research note on Monday, December 29th. TD Cowen cut shares of Procter & Gamble from a “buy” rating to a “hold” rating and lifted their price target for the company from $150.00 to $156.00 in a research note on Tuesday, January 27th. Finally, Dbs Bank upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Friday, January 23rd. Fourteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, Procter & Gamble has a consensus rating of “Moderate Buy” and a consensus target price of $168.33.

Procter & Gamble Trading Down 0.6%

Shares of Procter & Gamble stock traded down $0.95 during trading on Wednesday, hitting $158.60. The stock had a trading volume of 1,311,452 shares, compared to its average volume of 11,685,020. Procter & Gamble has a 12 month low of $137.62 and a 12 month high of $179.99. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.72 and a quick ratio of 0.51. The firm’s fifty day simple moving average is $147.97 and its 200-day simple moving average is $150.53. The stock has a market cap of $368.58 billion, a PE ratio of 23.48, a PEG ratio of 5.32 and a beta of 0.38.

Procter & Gamble (NYSE:PG) last issued its earnings results on Thursday, January 22nd. The company reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.02. The business had revenue of $22.21 billion during the quarter, compared to analyst estimates of $22.36 billion. Procter & Gamble had a return on equity of 32.21% and a net margin of 19.30%.Procter & Gamble’s revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.88 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. As a group, sell-side analysts expect that Procter & Gamble will post 6.91 EPS for the current fiscal year.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, CEO Gary A. Coombe sold 36,093 shares of the company’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $162.33, for a total value of $5,858,976.69. Following the completion of the sale, the chief executive officer directly owned 34,994 shares in the company, valued at approximately $5,680,576.02. This represents a 50.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Jon R. Moeller sold 162,232 shares of the stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $162.45, for a total transaction of $26,354,588.40. Following the transaction, the chairman owned 319,385 shares in the company, valued at approximately $51,884,093.25. The trade was a 33.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 341,260 shares of company stock valued at $54,256,985 over the last quarter. 0.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Procter & Gamble

Hedge funds have recently bought and sold shares of the stock. Czech National Bank grew its holdings in shares of Procter & Gamble by 3.8% during the third quarter. Czech National Bank now owns 594,914 shares of the company’s stock worth $91,409,000 after buying an additional 21,825 shares during the last quarter. Westerkirk Capital Inc. acquired a new stake in Procter & Gamble during the 2nd quarter worth approximately $4,796,000. Vega Investment Solutions grew its stake in shares of Procter & Gamble by 1.3% in the 2nd quarter. Vega Investment Solutions now owns 638,400 shares of the company’s stock valued at $101,710,000 after purchasing an additional 8,500 shares during the last quarter. Caliber Wealth Management LLC KS increased its holdings in shares of Procter & Gamble by 36.2% in the second quarter. Caliber Wealth Management LLC KS now owns 17,798 shares of the company’s stock valued at $2,836,000 after purchasing an additional 4,730 shares during the period. Finally, Jump Financial LLC acquired a new stake in shares of Procter & Gamble during the second quarter worth $7,891,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

About Procter & Gamble

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.