Procter & Gamble (NYSE:PG) had its target price raised by Morgan Stanley from $120.00 to $129.00 in a report published on Wednesday morning, BenzingaRatingsTable reports. The brokerage currently has an overweight rating on the stock.
A number of other equities research analysts also recently weighed in on the stock. Credit Suisse Group set a $100.00 target price on shares of Procter & Gamble and gave the company a hold rating in a research note on Friday, May 10th. Deutsche Bank raised their target price on shares of Procter & Gamble from $106.00 to $109.00 and gave the company a hold rating in a research note on Monday, June 17th. UBS Group raised their target price on shares of Procter & Gamble to $102.00 and gave the company a neutral rating in a research note on Wednesday, April 24th. Royal Bank of Canada reaffirmed a neutral rating and issued a $89.00 target price on shares of Procter & Gamble in a research note on Tuesday. Finally, DZ Bank reaffirmed a sell rating on shares of Procter & Gamble in a research note on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $108.15.
Get Procter & Gamble alerts: Shares of Procter & Gamble stock opened at $116.44 on Wednesday. Procter & Gamble has a 12-month low of $78.49 and a 12-month high of $121.76. The stock has a market capitalization of $296.08 billion, a P/E ratio of 25.76, a price-to-earnings-growth ratio of 3.54 and a beta of 0.45. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.60 and a current ratio of 0.75. The stock has a 50-day moving average price of $113.31.
Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.04. The firm had revenue of $17.09 billion for the quarter, compared to the consensus estimate of $16.86 billion. Procter & Gamble had a net margin of 5.76% and a return on equity of 22.92%. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.94 earnings per share. As a group, equities research analysts expect that Procter & Gamble will post 4.84 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Friday, July 19th will be paid a dividend of $0.7459 per share. The ex-dividend date is Thursday, July 18th. This represents a $2.98 dividend on an annualized basis and a dividend yield of 2.56%. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.93%.
In related news, VP Valarie L. Sheppard sold 17,000 shares of the stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $120.20, for a total transaction of $2,043,400.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink . Also, insider Mary Theresa Grabowski sold 5,200 shares of the stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $119.10, for a total value of $619,320.00. The disclosure for this sale can be found here . Over the last three months, insiders sold 247,335 shares of company stock worth $26,476,375. 1.84% of the stock is owned by insiders.
Institutional investors have recently made changes to their positions in the business. Camarda Financial Advisors LLC grew its position in Procter & Gamble by 59.2% in the 2nd quarter. Camarda Financial Advisors LLC now owns 269 shares of the company’s stock valued at $29,000 after acquiring an additional 100 shares during the last quarter. SeaBridge Investment Advisors LLC bought a new position in Procter & Gamble in the 4th quarter valued at $36,000. Smart Portfolios LLC grew its position in Procter & Gamble by 48.0% in the 4th quarter. Smart Portfolios LLC now owns 450 shares of the company’s stock valued at $41,000 after acquiring an additional 146 shares during the last quarter. Financial Management Professionals Inc. grew its position in Procter & Gamble by 71.5% in the 2nd quarter. Financial Management Professionals Inc. now owns 463 shares of the company’s stock valued at $51,000 after acquiring an additional 193 shares during the last quarter. Finally, Intercontinental Wealth Advisors LLC bought a new position in Procter & Gamble in the 4th quarter valued at $62,000. 62.17% of the stock is currently owned by .
About Procter & Gamble
The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.
Further Reading: Cost of Goods Sold (COGS)