Procter & Gamble Company (The) (NYSE:PG) Stock Has Average Price Target of $170.57

Procter & Gamble Company (The) (NYSE:PG – Get Free Report) has been assigned a consensus rating of “Moderate Buy” from the twenty-six brokerages that are currently covering the stock, MarketBeat.com reports. Eleven research analysts have rated the stock with a hold recommendation and fifteen have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $170.57.

PG has been the subject of several recent analyst reports. Freedom Broker raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $176.00 price objective for the company in a report on Friday, October 23rd. Wells Fargo & Company boosted their target price on Procter & Gamble from $164.00 to $180.00 and gave the stock an “overweight” rating in a report on Friday, October 23rd. BNP Paribas Exane boosted their target price on Procter & Gamble from $177.00 to $189.00 and gave the stock an “outperform” rating in a report on Friday, October 23rd. Morgan Stanley increased their price target on Procter & Gamble from $166.00 to $185.00 and gave the stock an “overweight” rating in a research report on Friday, October 23rd. Finally, Evercore raised Procter & Gamble from an “in-line” rating to an “outperform” rating and set a $166.00 price target for the company in a report on Tuesday, October 6th.

Check Out Our Latest Stock Report on Procter & Gamble

Key Headlines Impacting Procter & Gamble

Here are the key news stories impacting Procter & Gamble this week:

Insider Buying and Selling

In other news, CEO Shailesh Jejurikar sold 35,000 shares of the stock in a transaction on Friday, October 23rd. The stock was sold at an average price of $163.09, for a total transaction of $5,708,150.00. Following the sale, the chief executive officer owned 55,391 shares in the company, valued at approximately $9,033,718.19. This represents a 38.72% 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 link. Also, CAO Matthew Janzaruk sold 9,479 shares of the firm’s stock in a transaction on Tuesday, November 3rd. The shares were sold at an average price of $163.00, for a total value of $1,545,077.00. Following the completion of the sale, the chief accounting officer owned 1,271 shares of the company’s stock, valued at approximately $207,173. This trade represents a 88.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 197,756 shares of company stock valued at $32,336,001. Insiders own 0.23% of the company’s stock.

Institutional Investors Weigh In On Procter & Gamble

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Private Advisor Group LLC increased its stake in shares of Procter & Gamble by 68.4% in the 3rd quarter. Private Advisor Group LLC now owns 384,364 shares of the company’s stock valued at $55,840,000 after buying an additional 156,170 shares during the period. Taylor Hoffman Capital Management LLC grew its stake in shares of Procter & Gamble by 2.4% during the third quarter. Taylor Hoffman Capital Management LLC now owns 53,029 shares of the company’s stock worth $7,704,000 after purchasing an additional 1,247 shares during the period. Ieq Capital LLC grew its stake in shares of Procter & Gamble by 91.7% during the third quarter. Ieq Capital LLC now owns 320,926 shares of the company’s stock worth $46,624,000 after purchasing an additional 153,538 shares during the period. Focus Advisor Solutions LLC increased its holdings in Procter & Gamble by 82.3% in the third quarter. Focus Advisor Solutions LLC now owns 89,523 shares of the company’s stock valued at $13,006,000 after purchasing an additional 40,409 shares during the last quarter. Finally, Checchi Capital Advisers LLC increased its holdings in Procter & Gamble by 1.3% in the third quarter. Checchi Capital Advisers LLC now owns 20,321 shares of the company’s stock valued at $2,952,000 after purchasing an additional 251 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Trading Up 0.1%

Shares of Procter & Gamble stock opened at $168.43 on Friday. The stock has a market capitalization of $390.38 billion, a P/E ratio of 24.39, a price-to-earnings-growth ratio of 4.14 and a beta of 0.36. The company has a quick ratio of 0.53, a current ratio of 0.72 and a debt-to-equity ratio of 0.40. The company has a 50-day simple moving average of $152.95 and a 200 day simple moving average of $149.64. Procter & Gamble has a 12-month low of $137.62 and a 12-month high of $170.52.

Procter & Gamble (NYSE:PG – Get Free Report) last announced its quarterly earnings results on Thursday, October 22nd. The company reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.11. The firm had revenue of $23.28 billion during the quarter, compared to the consensus estimate of $22.80 billion. Procter & Gamble had a net margin of 18.23% and a return on equity of 31.02%. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period last year, the firm posted $1.99 EPS. Research analysts expect that Procter & Gamble will post 6.99 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Friday, October 23rd will be paid a $1.0885 dividend. The ex-dividend date of this dividend is Friday, October 23rd. This represents a $4.35 dividend on an annualized basis and a yield of 2.6%. Procter & Gamble’s payout ratio is currently 65.51%.

Procter & Gamble Company Profile

(Get Free Report)

The Procter & Gamble Company is a consumer goods company that develops, manufactures and markets products for everyday use. Founded in 1837 by William Procter and James Gamble, the company is headquartered in Cincinnati, Ohio. Its products span beauty, grooming, health care, fabric and home care, and baby, feminine and family care. Well-known brands include Tide, Pampers, Gillette, Pantene, Olay, Oral-B, Crest, Dawn, Charmin and Bounty. Procter & Gamble sells its products in markets around the world through retail stores, e-commerce platforms and other distribution channels.

Further Reading

Analyst Recommendations for Procter & Gamble (NYSE:PG)

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