Procter & Gamble (NYSE:PG)‘s stock had its “buy” rating reaffirmed by equities research analysts at Jefferies Group in a research report issued to clients and investors on Thursday, November 16th. They presently have a $88.23 target price on the stock, down from their previous target price of $99.00. Jefferies Group’s price objective would indicate a potential downside of 2.36% from the stock’s previous close.
Several other research firms have also recently weighed in on PG. Zacks Investment Research raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $101.00 price target for the company in a research note on Tuesday, August 1st. Stifel Nicolaus set a $87.00 price objective on shares of Procter & Gamble and gave the stock a “hold” rating in a report on Friday, October 20th. Goldman Sachs Group restated a “sell” rating on shares of Procter & Gamble in a report on Wednesday, October 4th. BidaskClub upgraded shares of Procter & Gamble from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $100.00 target price (up from $98.00) on shares of Procter & Gamble in a report on Sunday, July 30th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $87.81.
Shares of Procter & Gamble (NYSE:PG) opened at $90.36 on Thursday. Procter & Gamble has a one year low of $82.07 and a one year high of $94.67. The stock has a market cap of $229,239.53, a PE ratio of 22.70, a P/E/G ratio of 2.91 and a beta of 0.67. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.75 and a current ratio of 0.91.
In related news, insider Marylynn Fergusonmchugh sold 4,363 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $87.00, for a total value of $379,581.00. Following the completion of the sale, the insider now owns 85,495 shares in the company, valued at $7,438,065. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Carolyn M. Tastad sold 5,300 shares of the firm’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $89.18, for a total transaction of $472,654.00. Following the completion of the sale, the insider now owns 57,191 shares of the company’s stock, valued at approximately $5,100,293.38. The disclosure for this sale can be found here. Insiders have sold a total of 21,575 shares of company stock worth $1,927,095 over the last three months. 0.35% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Asset Planning Services Ltd. grew its holdings in Procter & Gamble by 0.4% in the second quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock valued at $104,000 after purchasing an additional 5 shares during the period. Harding Loevner LP purchased a new stake in Procter & Gamble in the second quarter valued at approximately $119,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Procter & Gamble in the third quarter valued at approximately $125,000. Blume Capital Management Inc. grew its holdings in Procter & Gamble by 25.4% in the second quarter. Blume Capital Management Inc. now owns 1,482 shares of the company’s stock valued at $129,000 after purchasing an additional 300 shares during the period. Finally, Riggs Asset Managment Co. Inc. grew its holdings in Procter & Gamble by 11.9% in the first quarter. Riggs Asset Managment Co. Inc. now owns 1,603 shares of the company’s stock valued at $144,000 after purchasing an additional 170 shares during the period. Institutional investors own 60.58% of the company’s stock.
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Procter & Gamble Company Profile
The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.
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