Procter & Gamble (NYSE:PG) Earns “Buy” Rating from DA Davidson

Procter & Gamble (NYSE:PG)‘s stock had its “buy” rating reaffirmed by equities research analysts at DA Davidson in a report released on Thursday,Benzinga reports. They presently have a $209.00 price target on the stock. DA Davidson’s target price would suggest a potential upside of 27.00% from the stock’s previous close.

PG has been the topic of several other research reports. Barclays lowered their price target on shares of Procter & Gamble from $163.00 to $155.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Morgan Stanley increased their target price on Procter & Gamble from $174.00 to $191.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Hsbc Global Res upgraded Procter & Gamble to a “strong-buy” rating in a research report on Friday, October 4th. JPMorgan Chase & Co. reduced their target price on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. Finally, Wells Fargo & Company dropped their price target on Procter & Gamble from $190.00 to $176.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Eight research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $179.85.

Procter & Gamble Trading Up 1.8 %

Shares of NYSE:PG opened at $164.57 on Thursday. The stock has a market capitalization of $387.56 billion, a price-to-earnings ratio of 28.37, a PEG ratio of 3.64 and a beta of 0.45. Procter & Gamble has a 1-year low of $152.06 and a 1-year high of $180.43. The company has a 50 day moving average price of $168.97 and a 200 day moving average price of $169.38. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.75.

Procter & Gamble (NYSE:PG) last released its earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $0.02. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The business had revenue of $21.88 billion for the quarter, compared to the consensus estimate of $21,657,595.49 billion. During the same period last year, the business earned $1.84 earnings per share. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, research analysts anticipate that Procter & Gamble will post 6.92 EPS for the current fiscal year.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, CEO Gary A. Coombe sold 47,847 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 39,977 shares in the company, valued at approximately $7,189,463.68. This represents a 54.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Balaji Purushothaman sold 12,800 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $172.73, for a total value of $2,210,944.00. Following the completion of the sale, the insider now owns 11,595 shares in the company, valued at approximately $2,002,804.35. This trade represents a 52.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by insiders.

Institutional Trading of Procter & Gamble

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Foster Victor Wealth Advisors LLC grew its position in Procter & Gamble by 6.1% in the fourth quarter. Foster Victor Wealth Advisors LLC now owns 44,721 shares of the company’s stock valued at $7,206,000 after purchasing an additional 2,583 shares in the last quarter. Sumitomo Life Insurance Co. grew its stake in Procter & Gamble by 2.6% in the fourth quarter. Sumitomo Life Insurance Co. now owns 71,205 shares of the company’s stock valued at $11,938,000 after purchasing an additional 1,828 shares in the last quarter. Foster Group Inc. increased its position in shares of Procter & Gamble by 3.8% during the 4th quarter. Foster Group Inc. now owns 6,845 shares of the company’s stock worth $1,148,000 after purchasing an additional 253 shares during the last quarter. Gateway Wealth Partners LLC raised its stake in shares of Procter & Gamble by 32.4% during the 4th quarter. Gateway Wealth Partners LLC now owns 2,449 shares of the company’s stock worth $411,000 after purchasing an additional 599 shares in the last quarter. Finally, BetterWealth LLC acquired a new stake in shares of Procter & Gamble in the 4th quarter valued at approximately $200,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

About Procter & Gamble

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.