Procter & Gamble Company (The) (NYSE:PG)‘s stock had its “outperform” rating reaffirmed by research analysts at Royal Bank Of Canada in a report issued on Wednesday. They currently have a $80.00 target price on the stock. Royal Bank Of Canada’s price target would indicate a potential downside of 13.83% from the stock’s current price.

A number of other equities analysts also recently commented on the company. BidaskClub raised Procter & Gamble Company (The) from a “hold” rating to a “buy” rating in a research report on Saturday, August 19th. Jefferies Group LLC reissued a “buy” rating and set a $92.44 price objective (down from $103.00) on shares of Procter & Gamble Company (The) in a research report on Thursday, August 17th. Zacks Investment Research downgraded Procter & Gamble Company (The) from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Sanford C. Bernstein reissued an “outperform” rating and set a $100.00 price objective (up from $98.00) on shares of Procter & Gamble Company (The) in a research report on Sunday, July 30th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $90.00 price objective (up from $87.00) on shares of Procter & Gamble Company (The) in a research report on Sunday, July 30th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $88.10.

Procter & Gamble Company (PG) traded down 0.14% during mid-day trading on Wednesday, hitting $92.84. 6,070,073 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $91.57 and its 200-day moving average price is $89.51. The stock has a market cap of $236.74 billion, a PE ratio of 25.16 and a beta of 0.68. Procter & Gamble Company has a one year low of $81.18 and a one year high of $93.36.

Procter & Gamble Company (The) (NYSE:PG) last announced its quarterly earnings data on Thursday, July 27th. The company reported $0.85 EPS for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.07. Procter & Gamble Company (The) had a return on equity of 19.97% and a net margin of 23.56%. The business had revenue of $16.08 billion during the quarter, compared to the consensus estimate of $16.01 billion. During the same period in the previous year, the company posted $0.79 earnings per share. The business’s revenue for the quarter was down .1% on a year-over-year basis. On average, analysts forecast that Procter & Gamble Company will post $4.17 EPS for the current fiscal year.

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In other news, insider Mark F. Biegger sold 2,660 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $92.04, for a total value of $244,826.40. Following the transaction, the insider now owns 23,133 shares of the company’s stock, valued at $2,129,161.32. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Vice Chairman Jon R. Moeller sold 6,063 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $92.04, for a total value of $558,038.52. Following the completion of the transaction, the insider now directly owns 120,734 shares in the company, valued at approximately $11,112,357.36. The disclosure for this sale can be found here. In the last quarter, insiders sold 45,792 shares of company stock valued at $4,216,070. 0.35% of the stock is owned by company insiders.

Several large investors have recently added to or reduced their stakes in PG. Capital Research Global Investors increased its holdings in shares of Procter & Gamble Company (The) by 74.2% in the second quarter. Capital Research Global Investors now owns 12,389,104 shares of the company’s stock valued at $1,079,710,000 after purchasing an additional 5,278,359 shares during the period. Janus Henderson Group PLC increased its holdings in shares of Procter & Gamble Company (The) by 1,244.6% in the second quarter. Janus Henderson Group PLC now owns 4,500,564 shares of the company’s stock valued at $392,226,000 after purchasing an additional 4,165,862 shares during the period. Vanguard Group Inc. increased its holdings in shares of Procter & Gamble Company (The) by 2.3% in the second quarter. Vanguard Group Inc. now owns 180,730,770 shares of the company’s stock valued at $15,750,688,000 after purchasing an additional 4,066,266 shares during the period. BlackRock Inc. increased its holdings in shares of Procter & Gamble Company (The) by 1.4% in the second quarter. BlackRock Inc. now owns 156,361,011 shares of the company’s stock valued at $13,626,862,000 after purchasing an additional 2,164,426 shares during the period. Finally, Parametric Portfolio Associates LLC increased its holdings in shares of Procter & Gamble Company (The) by 30.6% in the second quarter. Parametric Portfolio Associates LLC now owns 6,349,258 shares of the company’s stock valued at $553,334,000 after purchasing an additional 1,487,095 shares during the period. 59.33% of the stock is currently owned by institutional investors and hedge funds.

About Procter & Gamble Company (The)

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.

Analyst Recommendations for Procter & Gamble Company (The) (NYSE:PG)

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