Procter & Gamble (NYSE:PG) Rating Increased to Buy at StockNews.com

Procter & Gamble (NYSE:PG) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday.

Other analysts have also issued research reports about the company. Deutsche Bank Aktiengesellschaft reduced their target price on Procter & Gamble from $172.00 to $171.00 and set a “buy” rating for the company in a report on Monday, April 22nd. Barclays increased their price objective on Procter & Gamble from $168.00 to $170.00 and gave the stock an “overweight” rating in a report on Tuesday, April 23rd. Argus increased their price objective on Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Truist Financial upgraded Procter & Gamble from a “hold” rating to a “buy” rating and raised their target price for the company from $160.00 to $175.00 in a report on Monday, March 11th. Finally, The Goldman Sachs Group started coverage on Procter & Gamble in a report on Friday, March 1st. They set a “neutral” rating and a $168.00 target price on the stock. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $170.72.

Procter & Gamble Stock Up 0.3 %

Shares of Procter & Gamble stock opened at $167.37 on Tuesday. The company has a current ratio of 0.69, a quick ratio of 0.48 and a debt-to-equity ratio of 0.49. The business’s 50 day simple moving average is $165.07 and its 200-day simple moving average is $158.47. The stock has a market capitalization of $395.02 billion, a price-to-earnings ratio of 27.36, a PEG ratio of 3.39 and a beta of 0.42. Procter & Gamble has a twelve month low of $141.45 and a twelve month high of $169.41.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Friday, April 19th. The company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.10. The firm had revenue of $20.20 billion during the quarter, compared to analyst estimates of $20.43 billion. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The firm’s quarterly revenue was up .6% on a year-over-year basis. During the same period last year, the company posted $1.37 EPS. Equities research analysts forecast that Procter & Gamble will post 6.55 earnings per share for the current year.

Insiders Place Their Bets

In other Procter & Gamble news, CEO Sundar G. Raman sold 31,924 shares of Procter & Gamble stock in a transaction on Monday, May 20th. The shares were sold at an average price of $166.95, for a total transaction of $5,329,711.80. Following the completion of the sale, the chief executive officer now owns 19,042 shares of the company’s stock, valued at approximately $3,179,061.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Sundar G. Raman sold 31,924 shares of the business’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $166.95, for a total value of $5,329,711.80. Following the completion of the transaction, the chief executive officer now owns 19,042 shares of the company’s stock, valued at approximately $3,179,061.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Moses Victor Javier Aguilar sold 9,149 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $167.72, for a total transaction of $1,534,470.28. Following the completion of the transaction, the insider now directly owns 12,929 shares of the company’s stock, valued at approximately $2,168,451.88. The disclosure for this sale can be found here. In the last 90 days, insiders sold 154,544 shares of company stock valued at $25,413,051. Company insiders own 0.17% of the company’s stock.

Institutional Investors Weigh In On Procter & Gamble

Several institutional investors and hedge funds have recently added to or reduced their stakes in PG. Sawgrass Asset Management LLC raised its holdings in Procter & Gamble by 2.6% in the 3rd quarter. Sawgrass Asset Management LLC now owns 9,063 shares of the company’s stock valued at $1,322,000 after acquiring an additional 227 shares during the period. Private Advisory Group LLC grew its position in shares of Procter & Gamble by 3.7% during the 3rd quarter. Private Advisory Group LLC now owns 15,585 shares of the company’s stock worth $2,273,000 after purchasing an additional 554 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of Procter & Gamble by 9.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 124,582 shares of the company’s stock worth $18,172,000 after purchasing an additional 10,651 shares in the last quarter. Bank of Nova Scotia grew its position in shares of Procter & Gamble by 20.9% during the 3rd quarter. Bank of Nova Scotia now owns 403,979 shares of the company’s stock worth $58,922,000 after purchasing an additional 69,964 shares in the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. acquired a new stake in shares of Procter & Gamble during the 3rd quarter worth approximately $11,730,000. 65.77% of the stock is owned by institutional investors.

About Procter & Gamble

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.