Raymond James Raises Procter & Gamble (NYSE:PG) Price Target to $165.00

Procter & Gamble (NYSE:PGGet Rating) had its price target hoisted by Raymond James from $155.00 to $165.00 in a research note released on Monday, Benzinga reports. The firm currently has an outperform rating on the stock.

A number of other equities analysts also recently issued reports on the company. Evercore ISI dropped their price target on Procter & Gamble to $145.00 in a research report on Thursday, October 20th. Deutsche Bank Aktiengesellschaft raised their price objective on Procter & Gamble from $155.00 to $156.00 and gave the company a buy rating in a research report on Thursday, October 20th. Credit Suisse Group dropped their price objective on Procter & Gamble from $140.00 to $130.00 and set a neutral rating on the stock in a research report on Tuesday, November 15th. Morgan Stanley dropped their price objective on Procter & Gamble from $177.00 to $160.00 and set an overweight rating on the stock in a research report on Tuesday, October 4th. Finally, StockNews.com raised Procter & Gamble from a hold rating to a buy rating in a research report on Thursday, November 17th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Procter & Gamble has a consensus rating of Moderate Buy and an average target price of $151.00.

Procter & Gamble Stock Performance

NYSE:PG opened at $146.45 on Monday. The stock’s fifty day moving average is $133.59 and its 200 day moving average is $140.37. Procter & Gamble has a fifty-two week low of $122.18 and a fifty-two week high of $165.35. The firm has a market capitalization of $349.36 billion, a PE ratio of 25.38, a PEG ratio of 4.18 and a beta of 0.41. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.41 and a current ratio of 0.62.

Procter & Gamble (NYSE:PGGet Rating) last released its quarterly earnings results on Wednesday, October 19th. The company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.02. Procter & Gamble had a return on equity of 32.66% and a net margin of 18.11%. The company had revenue of $20.61 billion for the quarter, compared to analyst estimates of $20.37 billion. During the same quarter in the prior year, the firm posted $1.61 EPS. Procter & Gamble’s quarterly revenue was up 1.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Procter & Gamble will post 5.83 earnings per share for the current year.

Procter & Gamble Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 15th. Stockholders of record on Friday, October 21st were paid a $0.9133 dividend. This represents a $3.65 annualized dividend and a dividend yield of 2.49%. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.91. The ex-dividend date was Thursday, October 20th. Procter & Gamble’s dividend payout ratio (DPR) is presently 63.26%.

Insider Transactions at Procter & Gamble

In other news, CEO Sundar G. Raman sold 14,922 shares of the firm’s stock in a transaction dated Thursday, November 10th. The stock was sold at an average price of $139.60, for a total value of $2,083,111.20. Following the completion of the transaction, the chief executive officer now directly owns 12,310 shares in the company, valued at $1,718,476. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO R. Alexandra Keith sold 33,968 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, November 8th. The stock was sold at an average price of $137.44, for a total transaction of $4,668,561.92. Following the completion of the transaction, the chief executive officer now directly owns 38,990 shares in the company, valued at $5,358,785.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Sundar G. Raman sold 14,922 shares of Procter & Gamble stock in a transaction that occurred on Thursday, November 10th. The shares were sold at an average price of $139.60, for a total value of $2,083,111.20. Following the transaction, the chief executive officer now owns 12,310 shares of the company’s stock, valued at $1,718,476. The disclosure for this sale can be found here. Insiders sold a total of 58,812 shares of company stock worth $8,190,363 over the last three months. 0.26% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of PG. Invst LLC grew its holdings in Procter & Gamble by 2.8% in the third quarter. Invst LLC now owns 12,456 shares of the company’s stock valued at $1,542,000 after purchasing an additional 335 shares during the period. Continental Investors Services Inc. acquired a new stake in Procter & Gamble in the third quarter valued at approximately $782,000. CVA Family Office LLC grew its holdings in Procter & Gamble by 12.9% in the third quarter. CVA Family Office LLC now owns 8,672 shares of the company’s stock valued at $1,095,000 after purchasing an additional 991 shares during the period. IHT Wealth Management LLC grew its holdings in Procter & Gamble by 58.6% in the third quarter. IHT Wealth Management LLC now owns 50,363 shares of the company’s stock valued at $6,358,000 after purchasing an additional 18,599 shares during the period. Finally, Gibson Wealth Advisors LLC grew its holdings in Procter & Gamble by 47.6% in the third quarter. Gibson Wealth Advisors LLC now owns 6,508 shares of the company’s stock valued at $822,000 after purchasing an additional 2,100 shares during the period. 63.45% of the stock is currently owned by hedge funds and other institutional investors.

About Procter & Gamble

(Get Rating)

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It 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, and SK-II brands.

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Analyst Recommendations for Procter & Gamble (NYSE:PG)

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