Procter & Gamble (NYSE:PG) had its target price lifted by stock analysts at JPMorgan Chase & Co. from $90.00 to $98.00 in a research note issued to investors on Wednesday. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price objective would suggest a potential upside of 11.71% from the company’s current price.
Several other brokerages have also recently commented on PG. Jefferies Group reaffirmed a “buy” rating and issued a $99.00 target price on shares of Procter & Gamble in a research report on Monday, December 18th. Stifel Nicolaus set a $87.00 target price on Procter & Gamble and gave the stock a “hold” rating in a research report on Friday, October 20th. Goldman Sachs Group reaffirmed a “sell” rating on shares of Procter & Gamble in a research report on Wednesday, October 4th. Deutsche Bank initiated coverage on Procter & Gamble in a research report on Tuesday, December 19th. They issued a “buy” rating and a $91.88 target price for the company. Finally, Zacks Investment Research raised Procter & Gamble from a “hold” rating to a “buy” rating and set a $100.00 target price for the company in a research report on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $88.01.
Shares of Procter & Gamble (PG) traded down $0.61 during mid-day trading on Wednesday, reaching $87.73. The company had a trading volume of 10,852,855 shares, compared to its average volume of 7,540,000. The company has a market capitalization of $222,570.00, a PE ratio of 23.39, a P/E/G ratio of 2.76 and a beta of 0.67. Procter & Gamble has a 52-week low of $85.42 and a 52-week high of $94.67. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.75 and a current ratio of 0.94.
Procter & Gamble (NYSE:PG) last issued its earnings results on Tuesday, January 23rd. The company reported $1.19 EPS for the quarter, topping the consensus estimate of $1.14 by $0.05. The firm had revenue of $17.40 billion during the quarter, compared to analysts’ expectations of $17.39 billion. Procter & Gamble had a return on equity of 20.66% and a net margin of 15.34%. Procter & Gamble’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period last year, the business earned $1.08 earnings per share. research analysts anticipate that Procter & Gamble will post 4.2 EPS for the current fiscal year.
In other Procter & Gamble news, insider Marylynn Fergusonmchugh sold 4,363 shares of the stock in a transaction on 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 transaction, the insider now directly owns 85,495 shares in the company, valued at $7,438,065. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Carolyn M. Tastad sold 5,300 shares of the stock in a transaction on Monday, November 13th. The stock was sold at an average price of $89.18, for a total value of $472,654.00. Following the transaction, the insider now owns 57,191 shares of the company’s stock, valued at $5,100,293.38. The disclosure for this sale can be found here. Insiders have sold 65,561 shares of company stock valued at $5,830,951 over the last quarter. Corporate insiders own 0.35% of the company’s stock.
Several large investors have recently made changes to their positions in PG. Central Bank & Trust Co. increased its stake in shares of Procter & Gamble by 1.3% in the second quarter. Central Bank & Trust Co. now owns 13,723 shares of the company’s stock valued at $1,196,000 after buying an additional 173 shares in the last quarter. Johanson Financial Advisors Inc. increased its stake in shares of Procter & Gamble by 9.9% in the second quarter. Johanson Financial Advisors Inc. now owns 17,258 shares of the company’s stock valued at $1,504,000 after buying an additional 1,558 shares in the last quarter. Lincoln Capital LLC increased its stake in shares of Procter & Gamble by 2.4% in the second quarter. Lincoln Capital LLC now owns 12,839 shares of the company’s stock valued at $1,119,000 after buying an additional 305 shares in the last quarter. Carlson Capital Management increased its stake in shares of Procter & Gamble by 41.0% in the second quarter. Carlson Capital Management now owns 6,263 shares of the company’s stock valued at $546,000 after buying an additional 1,820 shares in the last quarter. Finally, Confluence Investment Management LLC increased its stake in shares of Procter & Gamble by 4.6% in the second quarter. Confluence Investment Management LLC now owns 153,005 shares of the company’s stock valued at $13,334,000 after buying an additional 6,785 shares in the last quarter. Institutional investors own 59.57% of the company’s stock.
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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.