Procter & Gamble (NYSE:PG) Given New $185.00 Price Target at Raymond James

Procter & Gamble (NYSE:PG - Get Free Report) had its target price reduced by investment analysts at Raymond James from $190.00 to $185.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Raymond James' target price would suggest a potential upside of 14.00% from the stock's previous close.

Other research analysts also recently issued research reports about the stock. Erste Group Bank raised shares of Procter & Gamble from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. Stifel Nicolaus boosted their price target on Procter & Gamble from $161.00 to $165.00 and gave the stock a "hold" rating in a research report on Thursday, January 23rd. Barclays reiterated an "equal weight" rating on shares of Procter & Gamble in a research note on Thursday, March 27th. Wells Fargo & Company upped their price objective on shares of Procter & Gamble from $176.00 to $180.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. Finally, Truist Financial decreased their price target on shares of Procter & Gamble from $185.00 to $180.00 and set a "buy" rating on the stock in a research note on Friday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have given a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $180.79.

Procter & Gamble Stock Up 0.3 %

PG traded up $0.43 during trading hours on Friday, hitting $162.28. 8,265,159 shares of the company's stock were exchanged, compared to its average volume of 7,132,780. The stock has a market cap of $380.52 billion, a price-to-earnings ratio of 25.84, a PEG ratio of 3.76 and a beta of 0.43. Procter & Gamble has a 1-year low of $156.58 and a 1-year high of $180.43. The stock's 50-day moving average is $168.07 and its two-hundred day moving average is $168.25. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.01. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The firm had revenue of $19.78 billion for the quarter, compared to analyst estimates of $20.42 billion. During the same quarter in the previous year, the firm earned $1.52 EPS. The business's quarterly revenue was down 2.1% on a year-over-year basis. Sell-side analysts predict that Procter & Gamble will post 6.91 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Gary A. Coombe sold 18,000 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $171.66, for a total value of $3,089,880.00. Following the transaction, the chief executive officer now directly owns 22,051 shares of the company's stock, valued at $3,785,274.66. This trade represents a 44.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.18% of the company's stock.

Institutional Investors Weigh In On Procter & Gamble

A number of large investors have recently modified their holdings of the business. Berkshire Asset Management LLC PA boosted its stake in shares of Procter & Gamble by 0.9% in the 4th quarter. Berkshire Asset Management LLC PA now owns 236,616 shares of the company's stock valued at $38,833,000 after purchasing an additional 2,179 shares in the last quarter. Strategic Advisors LLC boosted its position in Procter & Gamble by 3.4% in the fourth quarter. Strategic Advisors LLC now owns 55,912 shares of the company's stock valued at $9,374,000 after buying an additional 1,818 shares in the last quarter. Copley Financial Group Inc. bought a new stake in shares of Procter & Gamble during the third quarter worth $668,000. Fortem Financial Group LLC acquired a new position in shares of Procter & Gamble during the fourth quarter worth $569,000. Finally, Richard C. Young & CO. LTD. lifted its stake in shares of Procter & Gamble by 2.1% in the 4th quarter. Richard C. Young & CO. LTD. now owns 123,853 shares of the company's stock valued at $20,764,000 after acquiring an additional 2,568 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company's stock.

About Procter & Gamble

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.