Procter & Gamble (NYSE:PG) Receives “Sector Perform” Rating from Royal Bank of Canada

Procter & Gamble (NYSE:PG)‘s stock had its “sector perform” rating reissued by investment analysts at Royal Bank of Canada in a research report issued on Monday, Benzinga reports. They currently have a $164.00 price target on the stock. Royal Bank of Canada’s price objective points to a potential downside of 3.77% from the company’s previous close.

Several other brokerages also recently commented on PG. Jefferies Financial Group downgraded Procter & Gamble from a “buy” rating to a “hold” rating and dropped their target price for the company from $182.00 to $175.00 in a report on Wednesday, July 24th. Citigroup lifted their target price on Procter & Gamble from $177.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. BNP Paribas initiated coverage on Procter & Gamble in a research report on Monday, June 24th. They set an “outperform” rating and a $187.00 price objective for the company. StockNews.com lowered Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Barclays downgraded Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 price objective on the stock. in a research note on Monday, September 30th. Nine analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Procter & Gamble presently has a consensus rating of “Moderate Buy” and an average price target of $176.26.

Procter & Gamble Stock Performance

Shares of Procter & Gamble stock traded down $0.86 during trading hours on Monday, hitting $170.42. 312,806 shares of the company were exchanged, compared to its average volume of 6,661,414. Procter & Gamble has a 1 year low of $142.50 and a 1 year high of $177.94. The company has a current ratio of 0.73, a quick ratio of 0.53 and a debt-to-equity ratio of 0.51. The business has a 50-day moving average of $171.77 and a 200-day moving average of $167.24. The stock has a market capitalization of $402.21 billion, a price-to-earnings ratio of 27.85, a P/E/G ratio of 3.74 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Friday, October 18th. The company reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.03. The business had revenue of $21.74 billion for the quarter, compared to analyst estimates of $21.99 billion. Procter & Gamble had a return on equity of 33.46% and a net margin of 17.71%. The business’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter last year, the company earned $1.83 earnings per share. As a group, analysts expect that Procter & Gamble will post 6.97 EPS for the current fiscal year.

Insider Transactions at Procter & Gamble

In other news, insider Susan Street Whaley sold 634 shares of the business’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $171.65, for a total value of $108,826.10. Following the completion of the transaction, the insider now owns 19,341 shares in the company, valued at $3,319,882.65. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Procter & Gamble news, CEO R. Alexandra Keith sold 3,373 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $170.00, for a total transaction of $573,410.00. Following the completion of the sale, the chief executive officer now owns 21,513 shares of the company’s stock, valued at approximately $3,657,210. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Susan Street Whaley sold 634 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $171.65, for a total value of $108,826.10. Following the sale, the insider now directly owns 19,341 shares of the company’s stock, valued at $3,319,882.65. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 383,194 shares of company stock worth $65,140,718 over the last quarter. 0.17% of the stock is currently owned by insiders.

Institutional Trading of Procter & Gamble

Hedge funds have recently bought and sold shares of the stock. Itau Unibanco Holding S.A. bought a new position in shares of Procter & Gamble in the second quarter worth about $28,000. Fairway Wealth LLC bought a new position in shares of Procter & Gamble in the second quarter worth about $29,000. Ruedi Wealth Management Inc. boosted its stake in shares of Procter & Gamble by 64.7% in the first quarter. Ruedi Wealth Management Inc. now owns 196 shares of the company’s stock worth $32,000 after acquiring an additional 77 shares during the period. POM Investment Strategies LLC bought a new position in shares of Procter & Gamble in the second quarter worth about $34,000. Finally, Quest Partners LLC bought a new position in shares of Procter & Gamble in the second quarter worth about $36,000. Institutional investors own 65.77% of the company’s stock.

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.