Procter & Gamble’s (PG) “Buy” Rating Reiterated at DA Davidson

Procter & Gamble (NYSE:PG)‘s stock had its “buy” rating reiterated by stock analysts at DA Davidson in a research report issued on Friday,Benzinga reports. They presently have a $209.00 price objective on the stock. DA Davidson’s price objective indicates a potential upside of 23.28% from the stock’s current price.

PG has been the topic of a number of other research reports. Piper Sandler started coverage on shares of Procter & Gamble in a research report on Tuesday, September 24th. They set a “neutral” rating and a $174.00 price target on the stock. JPMorgan Chase & Co. raised their price target on shares of Procter & Gamble from $179.00 to $186.00 and gave the company an “overweight” rating in a research report on Thursday, September 19th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $164.00 target price on shares of Procter & Gamble in a report on Monday, October 21st. Evercore ISI boosted their price objective on Procter & Gamble from $180.00 to $183.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Finally, Barclays lowered shares of Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 price target for the company. in a research note on Monday, September 30th. Eight research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $180.45.

Procter & Gamble Trading Down 0.4 %

Shares of Procter & Gamble stock opened at $169.53 on Friday. The company has a quick ratio of 0.55, a current ratio of 0.75 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $399.25 billion, a price-to-earnings ratio of 29.23, a PEG ratio of 3.70 and a beta of 0.44. The firm’s 50-day moving average price is $170.47 and its two-hundred day moving average price is $169.88. Procter & Gamble has a 12-month low of $145.04 and a 12-month high of $180.43.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Friday, October 18th. The company reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.03. The company had revenue of $21.74 billion during the quarter, compared to analysts’ expectations of $21.99 billion. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. Procter & Gamble’s revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.83 EPS. On average, analysts forecast that Procter & Gamble will post 6.94 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Jon R. Moeller sold 7,007 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $171.65, for a total value of $1,202,751.55. Following the transaction, the chief executive officer now owns 269,172 shares in the company, valued at approximately $46,203,373.80. This trade represents a 2.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Balaji Purushothaman sold 12,800 shares of the business’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $168.99, for a total transaction of $2,163,072.00. Following the completion of the transaction, the insider now owns 11,566 shares in the company, valued at $1,954,538.34. The trade was a 52.53 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 83,080 shares of company stock worth $14,629,038. Corporate insiders own 0.18% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Hiley Hunt Wealth Management bought a new stake in shares of Procter & Gamble during the third quarter valued at approximately $207,000. Brass Tax Wealth Management Inc. boosted its holdings in shares of Procter & Gamble by 0.3% during the 3rd quarter. Brass Tax Wealth Management Inc. now owns 49,582 shares of the company’s stock valued at $8,588,000 after buying an additional 131 shares in the last quarter. 1ST Source Bank grew its position in shares of Procter & Gamble by 10.4% in the 3rd quarter. 1ST Source Bank now owns 55,872 shares of the company’s stock worth $9,677,000 after buying an additional 5,255 shares during the period. DGS Capital Management LLC bought a new position in shares of Procter & Gamble in the 3rd quarter worth about $267,000. Finally, Copley Financial Group Inc. purchased a new position in Procter & Gamble during the 3rd quarter valued at about $668,000. 65.77% of the stock is currently owned by institutional investors.

Procter & Gamble Company Profile

The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company 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, SK-II, and Native brands.