Barclays set a $84.00 target price on Procter & Gamble (NYSE:PG) in a report issued on Thursday, March 15th. The brokerage currently has a hold rating on the stock.
Other analysts also recently issued research reports about the stock. Stifel Nicolaus raised their price target on shares of Procter & Gamble from $87.00 to $88.00 and gave the company a hold rating in a report on Wednesday, January 24th. Vetr raised shares of Procter & Gamble from a buy rating to a strong-buy rating and set a $96.92 price target on the stock in a report on Thursday, February 1st. Berenberg Bank initiated coverage on shares of Procter & Gamble in a research note on Wednesday, February 28th. They issued a sell rating and a $78.50 price objective on the stock. SunTrust Banks reiterated a hold rating and issued a $90.00 price objective on shares of Procter & Gamble in a research note on Tuesday, January 23rd. Finally, JPMorgan Chase increased their price objective on shares of Procter & Gamble from $90.00 to $98.00 and gave the stock a neutral rating in a research note on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $86.07.
Shares of NYSE PG opened at $78.43 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 0.41. The stock has a market cap of $197,722.34, a PE ratio of 20.01, a P/E/G ratio of 2.46 and a beta of 0.57. Procter & Gamble has a 52-week low of $75.81 and a 52-week high of $94.67.
Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Tuesday, January 23rd. The company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.05. The firm had revenue of $17.40 billion for 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 business’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.08 EPS. equities research analysts forecast that Procter & Gamble will post 4.18 earnings per share for the current fiscal year.
In other Procter & Gamble news, insider Marc S. Pritchard sold 46,842 shares of the firm’s stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $89.01, for a total transaction of $4,169,406.42. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Vice Chairman Jon R. Moeller sold 3,252 shares of the firm’s stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $78.59, for a total transaction of $255,574.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 114,011 shares of company stock worth $9,710,976. 0.35% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Trillium Asset Management LLC grew its holdings in shares of Procter & Gamble by 2.0% in the second quarter. Trillium Asset Management LLC now owns 170,302 shares of the company’s stock valued at $14,842,000 after purchasing an additional 3,387 shares in the last quarter. Aviva PLC grew its holdings in shares of Procter & Gamble by 1.7% in the second quarter. Aviva PLC now owns 1,814,623 shares of the company’s stock valued at $158,162,000 after purchasing an additional 30,897 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Procter & Gamble by 1,094.3% in the third quarter. Assenagon Asset Management S.A. now owns 736,699 shares of the company’s stock valued at $67,025,000 after purchasing an additional 675,013 shares in the last quarter. Edgestream Partners L.P. grew its holdings in shares of Procter & Gamble by 21.9% in the third quarter. Edgestream Partners L.P. now owns 7,543 shares of the company’s stock valued at $686,000 after purchasing an additional 1,356 shares in the last quarter. Finally, Asset Dedication LLC purchased a new position in shares of Procter & Gamble in the fourth quarter valued at $1,164,000. 60.98% of the stock is owned by institutional investors and hedge funds.
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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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