Procter & Gamble’s (PG) Buy Rating Reaffirmed at DA Davidson

Procter & Gamble (NYSE:PG)‘s stock had its “buy” rating reiterated by equities research analysts at DA Davidson in a note issued to investors on Thursday,Benzinga reports. They presently have a $209.00 price target on the stock. DA Davidson’s target price points to a potential upside of 27.00% from the stock’s previous close.

A number of other research analysts have also commented on PG. JPMorgan Chase & Co. decreased their price target on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. Stifel Nicolaus lowered their target price on Procter & Gamble from $167.00 to $161.00 and set a “hold” rating on the stock in a research note on Friday, January 17th. Barclays reduced their price target on Procter & Gamble from $163.00 to $155.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Morgan Stanley increased their price objective on Procter & Gamble from $174.00 to $191.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Finally, Evercore ISI upped their price target on shares of Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Eight research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $179.85.

Procter & Gamble Price Performance

NYSE:PG opened at $164.57 on Thursday. Procter & Gamble has a 12-month low of $152.06 and a 12-month high of $180.43. The firm has a market capitalization of $387.56 billion, a price-to-earnings ratio of 28.37, a P/E/G ratio of 3.64 and a beta of 0.45. The stock’s 50 day moving average price is $168.97 and its two-hundred day moving average price is $169.38. The company has a quick ratio of 0.55, a current ratio of 0.75 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.02. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The business had revenue of $21.88 billion for the quarter, compared to analysts’ expectations of $21,657,595.49 billion. During the same quarter in the prior year, the business earned $1.84 EPS. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, analysts anticipate that Procter & Gamble will post 6.92 earnings per share for the current year.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, CEO Gary A. Coombe sold 47,847 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $179.84, for a total value of $8,604,804.48. Following the completion of the transaction, the chief executive officer now directly owns 39,977 shares in the company, valued at approximately $7,189,463.68. This represents a 54.48 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Balaji Purushothaman sold 12,800 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $172.73, for a total transaction of $2,210,944.00. Following the transaction, the insider now directly owns 11,595 shares of the company’s stock, valued at $2,002,804.35. The trade was a 52.47 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company’s stock.

Hedge Funds Weigh In On Procter & Gamble

Hedge funds have recently made changes to their positions in the stock. Fiera Capital Corp lifted its holdings in Procter & Gamble by 1,135.1% in the second quarter. Fiera Capital Corp now owns 20,688 shares of the company’s stock valued at $3,412,000 after buying an additional 19,013 shares during the period. Fred Alger Management LLC raised its position in shares of Procter & Gamble by 4.7% in the 2nd quarter. Fred Alger Management LLC now owns 67,580 shares of the company’s stock worth $11,145,000 after acquiring an additional 3,006 shares in the last quarter. Employees Retirement System of Texas lifted its stake in shares of Procter & Gamble by 11.1% in the 2nd quarter. Employees Retirement System of Texas now owns 566,384 shares of the company’s stock valued at $93,408,000 after purchasing an additional 56,456 shares during the period. Drucker Wealth 3.0 LLC acquired a new stake in Procter & Gamble during the second quarter worth approximately $526,000. Finally, Delta Investment Management LLC increased its holdings in Procter & Gamble by 0.7% in the second quarter. Delta Investment Management LLC now owns 22,045 shares of the company’s stock worth $3,636,000 after purchasing an additional 154 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors.

Procter & Gamble Company Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.