Stock analysts at Deutsche Bank began coverage on shares of Procter & Gamble (NYSE:PG) in a research note issued to investors on Tuesday. The firm set a “buy” rating and a $91.88 price target on the stock.
A number of other research firms have also recently weighed in on PG. Jefferies Group reaffirmed a “buy” rating and set a $99.00 price objective on shares of Procter & Gamble in a research report on Monday. Stifel Nicolaus set a $87.00 price objective on Procter & Gamble and gave the stock a “hold” rating in a research report on Friday, October 20th. Goldman Sachs Group reissued a “sell” rating on shares of Procter & Gamble in a report on Wednesday, October 4th. Royal Bank of Canada reissued a “buy” rating on shares of Procter & Gamble in a report on Monday, October 23rd. Finally, Bank of America raised their price target on Procter & Gamble from $98.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday, September 19th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company. Procter & Gamble has an average rating of “Hold” and an average target price of $88.38.
Procter & Gamble (PG) traded down $0.01 on Tuesday, hitting $91.88. The stock had a trading volume of 7,405,700 shares, compared to its average volume of 7,388,375. The stock has a market cap of $233,121.06, a P/E ratio of 23.09, a P/E/G ratio of 2.96 and a beta of 0.67. The company has a current ratio of 0.91, a quick ratio of 0.75 and a debt-to-equity ratio of 0.37. Procter & Gamble has a fifty-two week low of $83.24 and a fifty-two week high of $94.67.
In other Procter & Gamble news, insider Marylynn Fergusonmchugh sold 4,363 shares of the business’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $87.00, for a total transaction of $379,581.00. Following the completion of the sale, the insider now owns 85,495 shares of the company’s stock, valued at $7,438,065. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider R. Alexandra Keith sold 1,298 shares of the business’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $89.11, for a total value of $115,664.78. Following the sale, the insider now directly owns 20,135 shares of the company’s stock, valued at approximately $1,794,229.85. The disclosure for this sale can be found here. Insiders have sold 21,575 shares of company stock valued at $1,927,095 in the last three months. 0.35% of the stock is currently owned by company insiders.
A number of hedge funds have recently bought and sold shares of PG. Asset Planning Services Ltd. lifted its stake in shares of Procter & Gamble by 0.4% in the second quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock worth $104,000 after acquiring an additional 5 shares in the last quarter. Harding Loevner LP acquired a new position in shares of Procter & Gamble in the second quarter worth about $119,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Procter & Gamble in the third quarter worth about $125,000. Blume Capital Management Inc. lifted its stake in shares of Procter & Gamble by 25.4% in the second quarter. Blume Capital Management Inc. now owns 1,482 shares of the company’s stock worth $129,000 after acquiring an additional 300 shares in the last quarter. Finally, Riggs Asset Managment Co. Inc. increased its holdings in Procter & Gamble by 11.9% in the first quarter. Riggs Asset Managment Co. Inc. now owns 1,603 shares of the company’s stock valued at $144,000 after buying an additional 170 shares during the last quarter. 59.42% of the stock is owned by hedge funds and other institutional investors.
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About Procter & Gamble
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.
