Royal Bank of Canada Reiterates Sector Perform Rating for Procter & Gamble (NYSE:PG)

Procter & Gamble (NYSE:PG)‘s stock had its “sector perform” rating restated by Royal Bank of Canada in a note issued to investors on Thursday,Benzinga reports. They currently have a $164.00 price target on the stock. Royal Bank of Canada’s target price would indicate a potential downside of 0.25% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on the company. Morgan Stanley raised their price objective on Procter & Gamble from $174.00 to $191.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. DA Davidson reissued a “buy” rating and issued a $209.00 price target on shares of Procter & Gamble in a research note on Thursday. JPMorgan Chase & Co. dropped their price objective on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. Evercore ISI raised their target price on shares of Procter & Gamble from $180.00 to $183.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Finally, UBS Group dropped their price target on shares of Procter & Gamble from $196.00 to $189.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Eight equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $180.53.

Procter & Gamble Trading Down 1.0 %

Procter & Gamble stock opened at $164.41 on Thursday. The stock has a market cap of $387.20 billion, a PE ratio of 26.18, a P/E/G ratio of 3.69 and a beta of 0.45. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.49. The stock has a 50-day moving average price of $168.96 and a 200 day moving average price of $169.36. Procter & Gamble has a 52 week low of $152.06 and a 52 week high of $180.43.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.02. The business had revenue of $21.88 billion during the quarter, compared to analyst estimates of $21,657,595.49 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 32.88%. The company’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.84 earnings per share. Equities research analysts predict that Procter & Gamble will post 6.94 earnings per share for the current fiscal year.

Insider Activity

In other Procter & Gamble news, insider Balaji Purushothaman sold 12,800 shares of Procter & Gamble stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $172.73, for a total transaction of $2,210,944.00. Following the sale, the insider now directly owns 11,595 shares in the company, valued at $2,002,804.35. The trade was a 52.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gary A. Coombe sold 47,847 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 39,977 shares of the company’s stock, valued at $7,189,463.68. The trade was a 54.48 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.

Institutional Investors Weigh In On Procter & Gamble

Institutional investors and hedge funds have recently made changes to their positions in the company. Tempus Wealth Planning LLC boosted its holdings in shares of Procter & Gamble by 9.2% in the 4th quarter. Tempus Wealth Planning LLC now owns 1,715 shares of the company’s stock valued at $288,000 after buying an additional 145 shares during the period. Flavin Financial Services Inc. acquired a new position in Procter & Gamble in the fourth quarter valued at approximately $2,019,000. RBA Wealth Management LLC grew its holdings in shares of Procter & Gamble by 0.3% during the fourth quarter. RBA Wealth Management LLC now owns 29,048 shares of the company’s stock valued at $4,870,000 after purchasing an additional 85 shares during the last quarter. Calamos Wealth Management LLC raised its position in shares of Procter & Gamble by 35.0% during the 4th quarter. Calamos Wealth Management LLC now owns 22,855 shares of the company’s stock worth $3,832,000 after purchasing an additional 5,931 shares during the period. Finally, Dupree Financial Group LLC lifted its holdings in shares of Procter & Gamble by 5.3% in the 4th quarter. Dupree Financial Group LLC now owns 2,756 shares of the company’s stock worth $462,000 after purchasing an additional 139 shares during the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Company Profile

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.