The Procter & Gamble Company (PG) Price Target Reduced to $167 by BofA Amid Higher Resin Cost Expectations

We recently compiled a list of the 10 Most Undervalued Dow Stocks to Buy Now. The Procter & Gamble Company is also one of the most undervalued Dow stocks on this list.

TheFly reported on April 10 that BofA Securities reduced its price target on PG from $171 to $167 while maintaining a Buy rating. The firm kept its third-quarter earnings-per-share estimate at $1.55 but lowered its fiscal 2026 and 2027 projections, citing higher expected resin costs.

In a significant move, on April 14, The Procter & Gamble Company (NYSE:PG) announced that its Board of Directors approved an increased quarterly dividend of $1.0885 per share on common stock as well as on its Series A and Series B ESOP Convertible Class A Preferred Stock. The new payout reflects a 3% rise compared to the previous quarter. The dividend will be paid on or after May 15, 2026, to shareholders of record as of April 24, 2026.

The increase applies to both common and eligible preferred shareholders. This adjustment continues the company’s long-standing practice of regular dividend growth. The decision underscores P&G’s ongoing commitment to returning capital to shareholders through consistent income distribution while maintaining its established dividend policy across all share classes.

The Procter & Gamble Company (NYSE:PG) is a global consumer goods company founded in 1837 and based in Cincinnati, Ohio. It produces widely used household and personal care brands such as Tide, Pampers, Gillette, and Crest, operating in about 70 countries.

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