Procter & Gamble (NYSE:PG) Price Target Raised to $168.00 at Barclays

Procter & Gamble (NYSE:PG) had its target price lifted by investment analysts at Barclays from $165.00 to $168.00 in a report released on Friday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s target price indicates a potential upside of 8.16% from the company’s current price.

A number of other brokerages have also recently issued reports on PG. Raymond James increased their target price on shares of Procter & Gamble from $170.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. StockNews.com cut shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. UBS Group increased their target price on shares of Procter & Gamble from $172.00 to $178.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Royal Bank of Canada raised their price objective on shares of Procter & Gamble from $156.00 to $157.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 24th. Finally, Wells Fargo & Company raised their price objective on shares of Procter & Gamble from $162.00 to $170.00 and gave the company an “overweight” rating in a research report on Wednesday, January 24th. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus target price of $168.53.

Procter & Gamble Trading Down 0.3 %

Shares of PG stock opened at $155.33 on Friday. Procter & Gamble has a 52-week low of $141.45 and a 52-week high of $163.14. The stock has a market cap of $365.49 billion, a price-to-earnings ratio of 26.02, a P/E/G ratio of 3.19 and a beta of 0.44. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.44 and a current ratio of 0.64. The firm has a fifty day moving average of $159.32 and a 200-day moving average of $152.59.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Tuesday, January 23rd. The company reported $1.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.70 by $0.14. Procter & Gamble had a net margin of 17.60% and a return on equity of 34.04%. The company had revenue of $21.44 billion during the quarter, compared to analysts’ expectations of $21.48 billion. During the same quarter in the prior year, the company posted $1.59 EPS. The business’s revenue was up 3.2% on a year-over-year basis. On average, equities research analysts forecast that Procter & Gamble will post 6.45 earnings per share for the current fiscal year.

Insider Activity at Procter & Gamble

In related news, CEO Ma. Fatima Francisco sold 74,443 shares of the business’s stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $153.30, for a total transaction of $11,412,111.90. Following the completion of the transaction, the chief executive officer now owns 973 shares in the company, valued at $149,160.90. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO R. Alexandra Keith sold 776 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $158.11, for a total value of $122,693.36. Following the completion of the transaction, the chief executive officer now owns 4,859 shares in the company, valued at $768,256.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ma. Fatima Francisco sold 74,443 shares of the company’s stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $153.30, for a total transaction of $11,412,111.90. Following the completion of the transaction, the chief executive officer now owns 973 shares of the company’s stock, valued at approximately $149,160.90. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 279,063 shares of company stock worth $43,187,745. 0.17% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Advantage Trust Co acquired a new position in shares of Procter & Gamble in the fourth quarter valued at approximately $28,000. Naples Money Management LLC acquired a new position in shares of Procter & Gamble in the fourth quarter valued at approximately $29,000. Wyrmwood Management LLC acquired a new position in shares of Procter & Gamble in the fourth quarter valued at approximately $29,000. Transcendent Capital Group LLC acquired a new position in shares of Procter & Gamble in the fourth quarter valued at approximately $31,000. Finally, MeadowBrook Investment Advisors LLC bought a new stake in shares of Procter & Gamble in the fourth quarter worth $33,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

About Procter & Gamble

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.