Royal Bank of Canada Reiterates Sector Perform Rating for Procter & Gamble (NYSE:PG)

Procter & Gamble (NYSE:PG - Get Free Report)'s stock had its "sector perform" rating reiterated by Royal Bank of Canada in a report issued on Tuesday, MarketBeat.com reports. They currently have a $164.00 price target on the stock. Royal Bank of Canada's target price would indicate a potential upside of 1.84% from the company's current price.

PG has been the subject of a number of other research reports. Piper Sandler lowered their price objective on shares of Procter & Gamble from $173.00 to $172.00 and set a "neutral" rating for the company in a research report on Monday, February 24th. DA Davidson restated a "buy" rating and issued a $209.00 price target on shares of Procter & Gamble in a report on Thursday, January 23rd. UBS Group reiterated a "buy" rating on shares of Procter & Gamble in a report on Monday, February 10th. Stifel Nicolaus increased their target price on Procter & Gamble from $161.00 to $165.00 and gave the stock a "hold" rating in a research note on Thursday, January 23rd. Finally, Wells Fargo & Company lifted their price target on shares of Procter & Gamble from $176.00 to $180.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have given a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $180.79.

Procter & Gamble Trading Up 0.9 %

Shares of NYSE PG traded up $1.51 during midday trading on Tuesday, hitting $161.04. The stock had a trading volume of 12,892,765 shares, compared to its average volume of 7,124,247. The firm has a market cap of $377.61 billion, a P/E ratio of 25.64, a price-to-earnings-growth ratio of 3.76 and a beta of 0.43. Procter & Gamble has a fifty-two week low of $156.58 and a fifty-two week high of $180.43. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55. The company's 50-day simple moving average is $168.16 and its 200 day simple moving average is $168.33.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $1.54 EPS for the quarter, missing the consensus estimate of $1.57 by ($0.03). Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The business had revenue of $19.78 billion for the quarter, compared to the consensus estimate of $20.42 billion. During the same quarter in the previous year, the firm posted $1.52 EPS. Research analysts anticipate that Procter & Gamble will post 6.91 EPS for the current year.

Insider Transactions at Procter & Gamble

In other news, CEO Gary A. Coombe sold 35,000 shares of Procter & Gamble stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $173.68, for a total transaction of $6,078,800.00. Following the completion of the transaction, the chief executive officer now directly owns 22,051 shares in the company, valued at approximately $3,829,817.68. The trade was a 61.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.18% of the stock is owned by company insiders.

Hedge Funds Weigh In On Procter & Gamble

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. NewSquare Capital LLC raised its holdings in Procter & Gamble by 933.3% in the 4th quarter. NewSquare Capital LLC now owns 155 shares of the company's stock valued at $26,000 after acquiring an additional 140 shares during the period. Navigoe LLC bought a new position in shares of Procter & Gamble during the fourth quarter worth approximately $31,000. Capital A Wealth Management LLC acquired a new stake in Procter & Gamble during the 4th quarter worth approximately $31,000. Hoey Investments Inc. boosted its stake in Procter & Gamble by 321.7% in the 4th quarter. Hoey Investments Inc. now owns 194 shares of the company's stock valued at $33,000 after purchasing an additional 148 shares during the period. Finally, LFA Lugano Financial Advisors SA acquired a new position in Procter & Gamble in the 4th quarter valued at $34,000. 65.77% of the stock is owned by institutional investors.

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.