The Procter & Gamble (NYSE:PG) had its price objective cut by research analysts at Morgan Stanley from $165.00 to $155.00 in a research note issued to investors on Monday, Analyst Price Targets reports. The brokerage presently has an “overweight” rating on the stock. Morgan Stanley’s price target indicates a potential upside of 12.52% from the company’s previous close.
Other equities research analysts have also issued reports about the company. Zacks Investment Research lowered The Procter & Gamble from a “buy” rating to a “hold” rating and set a $139.00 price objective for the company. in a research note on Thursday, January 21st. JPMorgan Chase & Co. dropped their target price on shares of The Procter & Gamble from $153.00 to $148.00 and set an “overweight” rating for the company in a report on Friday, April 16th. Sanford C. Bernstein assumed coverage on shares of The Procter & Gamble in a report on Tuesday, January 19th. They issued a “market perform” rating and a $149.00 target price for the company. Stifel Nicolaus downgraded shares of The Procter & Gamble from a “buy” rating to a “hold” rating and set a $141.00 target price for the company. in a report on Thursday, January 28th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of The Procter & Gamble from $156.00 to $159.00 and gave the stock a “buy” rating in a report on Wednesday, January 13th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The Procter & Gamble currently has an average rating of “Buy” and an average target price of $148.93.
NYSE:PG opened at $137.75 on Monday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.87 and a quick ratio of 0.68. The firm has a market capitalization of $339.21 billion, a price-to-earnings ratio of 26.34, a price-to-earnings-growth ratio of 3.25 and a beta of 0.38. The Procter & Gamble has a one year low of $111.25 and a one year high of $146.92. The business has a fifty day moving average price of $131.85 and a 200-day moving average price of $135.32.
In related news, insider Marc S. Pritchard sold 95,163 shares of the stock in a transaction dated Thursday, January 21st. The shares were sold at an average price of $130.65, for a total value of $12,433,045.95. Following the completion of the transaction, the insider now owns 224,749 shares of the company’s stock, valued at approximately $29,363,456.85. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Jon R. Moeller sold 6,536 shares of the stock in a transaction dated Friday, February 26th. The shares were sold at an average price of $125.77, for a total transaction of $822,032.72. The disclosure for this sale can be found here. In the last ninety days, insiders sold 629,838 shares of company stock valued at $81,120,667. 0.70% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in PG. Bangor Savings Bank raised its stake in shares of The Procter & Gamble by 1.2% in the fourth quarter. Bangor Savings Bank now owns 7,263 shares of the company’s stock worth $907,000 after purchasing an additional 86 shares during the last quarter. B & T Capital Management DBA Alpha Capital Management boosted its stake in shares of The Procter & Gamble by 3.7% in the fourth quarter. B & T Capital Management DBA Alpha Capital Management now owns 2,899 shares of the company’s stock worth $403,000 after acquiring an additional 104 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its position in shares of The Procter & Gamble by 35.5% during the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 9,810 shares of the company’s stock worth $1,363,000 after purchasing an additional 2,568 shares during the period. Novak Financial Planning LLC purchased a new position in The Procter & Gamble in the 4th quarter valued at approximately $2,533,000. Finally, Hartford Investment Management Co. boosted its position in The Procter & Gamble by 10.8% in the 4th quarter. Hartford Investment Management Co. now owns 292,282 shares of the company’s stock valued at $40,668,000 after buying an additional 28,457 shares during the period. 63.05% of the stock is owned by institutional investors and hedge funds.
About The Procter & Gamble
The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It operates in five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care.
Further Reading: P/E Growth (PEG)
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