Stifel Nicolaus Issues Positive Forecast for Procter & Gamble (NYSE:PG) Stock Price

Procter & Gamble (NYSE:PGFree Report) had its price objective upped by Stifel Nicolaus from $161.00 to $165.00 in a research note published on Thursday morning,Benzinga reports. They currently have a hold rating on the stock.

Several other equities research analysts have also recently weighed in on PG. UBS Group reduced their price objective on Procter & Gamble from $196.00 to $189.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Evercore ISI boosted their target price on Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Royal Bank of Canada restated a “sector perform” rating and issued a $164.00 price target on shares of Procter & Gamble in a research report on Monday, October 21st. Wells Fargo & Company boosted their price objective on shares of Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, DA Davidson reissued a “buy” rating and issued a $209.00 target price on shares of Procter & Gamble in a research note on Thursday. Eight analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $180.25.

View Our Latest Stock Analysis on PG

Procter & Gamble Trading Up 0.9 %

PG stock opened at $166.20 on Thursday. The firm has a fifty day moving average price of $168.97 and a 200 day moving average price of $169.38. Procter & Gamble has a fifty-two week low of $152.06 and a fifty-two week high of $180.43. The firm has a market cap of $391.41 billion, a PE ratio of 26.46, a price-to-earnings-growth ratio of 3.69 and a beta of 0.45. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.55 and a current ratio of 0.76.

Procter & Gamble (NYSE:PGGet Free Report) last released its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.86 by $0.02. Procter & Gamble had a net margin of 18.35% and a return on equity of 32.88%. The business had revenue of $21.88 billion during the quarter, compared to analyst estimates of $21,657,595.49 billion. During the same quarter last year, the business earned $1.84 earnings per share. Procter & Gamble’s quarterly revenue was up 2.1% compared to the same quarter last year. Sell-side analysts anticipate that Procter & Gamble will post 6.94 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 24th will be issued a $1.0065 dividend. The ex-dividend date is Friday, January 24th. This represents a $4.03 annualized dividend and a dividend yield of 2.42%. Procter & Gamble’s payout ratio is currently 64.17%.

Insider Buying and Selling

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

Institutional Inflows and Outflows

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

Procter & Gamble Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Procter & Gamble (NYSE:PG)

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