Stifel Nicolaus Lowers Procter & Gamble (NYSE:PG) Price Target to $161.00

Procter & Gamble (NYSE:PG) had its target price reduced by equities researchers at Stifel Nicolaus from $167.00 to $161.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “hold” rating on the stock. Stifel Nicolaus’ price target suggests a potential downside of 0.27% from the company’s previous close.

Several other research analysts have also recently commented on PG. Royal Bank of Canada restated a “sector perform” rating and issued a $164.00 target price on shares of Procter & Gamble in a research report on Monday, October 21st. Hsbc Global Res upgraded Procter & Gamble to a “strong-buy” rating in a research report on Friday, October 4th. JPMorgan Chase & Co. reduced their price target on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a research note on Thursday. DA Davidson restated a “buy” rating and set a $209.00 target price on shares of Procter & Gamble in a report on Friday, December 27th. Finally, Barclays cut Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 price target on the stock. in a report on Monday, September 30th. Eight analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Procter & Gamble presently has an average rating of “Moderate Buy” and a consensus target price of $180.05.

Procter & Gamble Stock Up 0.6 %

Shares of Procter & Gamble stock traded up $0.93 during trading hours on Friday, hitting $161.43. 2,738,556 shares of the company’s stock traded hands, compared to its average volume of 6,409,053. The company has a quick ratio of 0.55, a current ratio of 0.75 and a debt-to-equity ratio of 0.50. The stock has a 50 day simple moving average of $169.37 and a 200-day simple moving average of $169.45. The company has a market cap of $380.17 billion, a PE ratio of 27.83, a PEG ratio of 3.41 and a beta of 0.45. Procter & Gamble has a twelve month low of $146.28 and a twelve month high of $180.43.

Procter & Gamble (NYSE:PG) last issued its earnings results on Friday, October 18th. The company reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.03. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The firm had revenue of $21.74 billion for the quarter, compared to analyst estimates of $21.99 billion. During the same period last year, the company earned $1.83 earnings per share. The firm’s revenue for the quarter was down .6% on a year-over-year basis. Equities research analysts anticipate that Procter & Gamble will post 6.93 earnings per share for the current fiscal year.

Insider Buying and Selling at Procter & Gamble

In related news, 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 in the company, valued at $7,189,463.68. This trade represents a 54.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Balaji Purushothaman sold 12,800 shares of the business’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $168.99, for a total transaction of $2,163,072.00. Following the completion of the transaction, the insider now owns 11,566 shares in the company, valued at approximately $1,954,538.34. This trade represents a 52.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 75,439 shares of company stock valued at $13,317,460 in the last ninety days. Company insiders own 0.18% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Braun Bostich & Associates Inc. grew its holdings in shares of Procter & Gamble by 3.1% during the fourth quarter. Braun Bostich & Associates Inc. now owns 3,379 shares of the company’s stock worth $566,000 after purchasing an additional 102 shares during the last quarter. Traphagen Investment Advisors LLC lifted its holdings in Procter & Gamble by 2.2% in the fourth quarter. Traphagen Investment Advisors LLC now owns 4,969 shares of the company’s stock valued at $833,000 after buying an additional 105 shares during the period. Simon Quick Advisors LLC boosted its stake in Procter & Gamble by 5.2% in the fourth quarter. Simon Quick Advisors LLC now owns 20,580 shares of the company’s stock valued at $3,450,000 after acquiring an additional 1,015 shares during the last quarter. Beaumont Financial Advisors LLC grew its holdings in Procter & Gamble by 1.0% during the 4th quarter. Beaumont Financial Advisors LLC now owns 19,509 shares of the company’s stock worth $3,271,000 after acquiring an additional 186 shares during the period. Finally, Proquility Private Wealth Partners LLC raised its position in shares of Procter & Gamble by 1.1% during the 4th quarter. Proquility Private Wealth Partners LLC now owns 5,966 shares of the company’s stock valued at $1,000,000 after acquiring an additional 66 shares during the last quarter. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Company Profile

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.