Procter & Gamble (NYSE:PG) has been given a $84.00 price objective by equities research analysts at Barclays in a research report issued on Thursday. The firm presently has a “hold” rating on the stock. Barclays’ price target points to a potential upside of 6.37% from the company’s previous close.
Other analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $100.00 price objective for the company in a research report on Tuesday, January 16th. Deutsche Bank started coverage on shares of Procter & Gamble in a research report on Wednesday, December 13th. They set a “buy” rating and a $101.00 price objective for the company. Jefferies Group reaffirmed a “buy” rating and set a $88.23 price objective (down previously from $99.00) on shares of Procter & Gamble in a research report on Thursday, November 16th. Morgan Stanley raised their price objective on shares of Procter & Gamble from $90.00 to $92.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 25th. Finally, Wells Fargo reaffirmed a “hold” rating and set a $88.00 price objective on shares of Procter & Gamble in a research report on Sunday, December 17th. One analyst has rated the stock with a sell rating, eight have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $87.18.
Procter & Gamble (PG) traded up $0.30 during trading hours on Thursday, reaching $78.97. 17,715,341 shares of the company’s stock were exchanged, compared to its average volume of 10,207,658. The firm has a market cap of $199,130.00, a P/E ratio of 20.09, a PEG ratio of 2.46 and a beta of 0.58. Procter & Gamble has a twelve month low of $77.90 and a twelve month high of $94.67. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.94 and a quick ratio of 0.79.
Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Tuesday, January 23rd. The company reported $1.19 EPS for the quarter, topping the consensus estimate of $1.14 by $0.05. The company had revenue of $17.40 billion during the quarter, compared to the consensus estimate of $17.39 billion. Procter & Gamble had a net margin of 15.34% and a return on equity of 20.66%. The company’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.08 EPS. research analysts expect that Procter & Gamble will post 4.21 EPS for the current fiscal year.
In related news, insider Marylynn Fergusonmchugh sold 2,353 shares of the stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $78.59, for a total value of $184,922.27. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Marc S. Pritchard sold 46,842 shares of the stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $89.01, for a total value of $4,169,406.42. The disclosure for this sale can be found here. Over the last quarter, insiders sold 114,011 shares of company stock worth $9,710,976. 0.35% of the stock is owned by company insiders.
Large investors have recently modified their holdings of the business. Green Square Capital LLC increased its position in shares of Procter & Gamble by 38.7% during the 4th quarter. Green Square Capital LLC now owns 100,182 shares of the company’s stock valued at $9,205,000 after purchasing an additional 27,957 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of Procter & Gamble by 5.3% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 439,121 shares of the company’s stock valued at $40,346,000 after purchasing an additional 22,001 shares during the last quarter. Certified Advisory Corp purchased a new stake in shares of Procter & Gamble during the 4th quarter valued at $251,000. Ackerman Capital Advisors LLC purchased a new stake in shares of Procter & Gamble during the 4th quarter valued at $410,000. Finally, Wagner Wealth Management LLC purchased a new stake in shares of Procter & Gamble during the 4th quarter valued at $533,000. Institutional investors and hedge funds own 61.05% of the company’s stock.
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Procter & Gamble Company Profile
The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.
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