Stifel Nicolaus Forecasts Strong Price Appreciation for Procter & Gamble (NYSE:PG) Stock

Procter & Gamble (NYSE:PG) had its price target lifted by equities research analysts at Stifel Nicolaus from $161.00 to $165.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Stifel Nicolaus’ price target points to a potential upside of 0.40% from the stock’s previous close.

A number of other analysts have also commented on PG. UBS Group cut their price target on Procter & Gamble from $196.00 to $189.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Wells Fargo & Company lifted their price target on shares of Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday. JPMorgan Chase & Co. dropped 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. Hsbc Global Res raised Procter & Gamble to a “strong-buy” rating in a research report on Friday, October 4th. Finally, Evercore ISI lifted their price objective on shares of Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Eight equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $180.25.

Procter & Gamble Trading Down 0.2 %

NYSE:PG traded down $0.40 during mid-day trading on Thursday, hitting $164.34. The company had a trading volume of 1,340,306 shares, compared to its average volume of 7,468,625. The business’s fifty day moving average is $168.97 and its two-hundred day moving average is $169.38. Procter & Gamble has a fifty-two week low of $152.06 and a fifty-two week high of $180.43. The firm has a market cap of $387.02 billion, a P/E ratio of 28.36, a P/E/G ratio of 3.64 and a beta of 0.45. 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 issued its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, topping the consensus estimate 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 quarter last year, the business posted $1.84 EPS. The firm’s revenue was up 2.1% compared to the same quarter last year. As a group, research analysts expect that Procter & Gamble will post 6.92 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Balaji Purushothaman sold 12,800 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was 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 directly owns 11,595 shares of the company’s stock, valued at $2,002,804.35. This represents a 52.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Gary A. Coombe sold 47,847 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $179.84, for a total transaction of $8,604,804.48. Following the completion of the sale, the chief executive officer now owns 39,977 shares of the company’s stock, valued at approximately $7,189,463.68. This represents a 54.48 % decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of PG. International Assets Investment Management LLC grew its stake in Procter & Gamble by 19,030.8% during the third quarter. International Assets Investment Management LLC now owns 3,693,593 shares of the company’s stock valued at $639,730,000 after acquiring an additional 3,674,286 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Procter & Gamble by 7.0% in the third quarter. Geode Capital Management LLC now owns 55,204,776 shares of the company’s stock worth $9,538,327,000 after buying an additional 3,619,466 shares in the last quarter. Franklin Resources Inc. boosted its stake in Procter & Gamble by 10.2% during the third quarter. Franklin Resources Inc. now owns 18,988,721 shares of the company’s stock valued at $3,290,573,000 after buying an additional 1,760,214 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Procter & Gamble in the 3rd quarter valued at about $301,950,000. Finally, AMF Tjanstepension AB boosted its position in shares of Procter & Gamble by 416.1% during the 3rd quarter. AMF Tjanstepension AB now owns 1,818,490 shares of the company’s stock valued at $315,016,000 after acquiring an additional 1,466,115 shares during the last quarter. 65.77% of the stock is owned by institutional investors.

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.