Today: Today, Procter & Gamble Co.’s (PG) Buy Rating Reiterate at B. Riley

Today, Procter & Gamble Co.’s (PG) Buy Rating Reiterate at B. Riley

Procter & Gamble Co. (NYSE:PG)‘s stock had its “buy” rating restated by analysts at B. Riley in a report released on Monday. They presently have a $106.00 price target on the stock. B. Riley’s price objective points to a potential upside of 28.21% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on the stock. Vetr raised shares of Procter & Gamble Co. from a “hold” rating to a “buy” rating and set a $92.75 price target for the company in a research note on Tuesday, October 4th. Argus raised shares of Procter & Gamble Co. from a “hold” rating to a “buy” rating and boosted their price target for the stock from $88.54 to $103.00 in a research note on Wednesday, October 12th. Deutsche Bank AG reissued a “buy” rating and set a $95.00 price target on shares of Procter & Gamble Co. in a research note on Saturday, August 13th. Goldman Sachs Group Inc. reissued a “neutral” rating and set a $92.00 price target (up from $90.00) on shares of Procter & Gamble Co. in a research note on Wednesday, October 26th. Finally, Johnson Rice raised shares of Procter & Gamble Co. from an “accumulate” rating to a “buy” rating in a research note on Friday, August 26th. Eleven equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $91.55.

Procter & Gamble Co. (NYSE:PG) traded up 0.94% during trading on Monday, reaching $83.46. 3,878,678 shares of the company were exchanged. The firm has a 50-day moving average of $85.96 and a 200-day moving average of $85.38. The firm has a market cap of $223.34 billion, a price-to-earnings ratio of 22.26 and a beta of 0.62. Procter & Gamble Co. has a 52-week low of $74.46 and a 52-week high of $90.33.

Procter & Gamble Co. (NYSE:PG) last announced its earnings results on Tuesday, October 25th. The company reported $1.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.98 by $0.05. Procter & Gamble Co. had a net margin of 16.27% and a return on equity of 17.95%. The company earned $16.50 billion during the quarter, compared to the consensus estimate of $16.49 billion. During the same period in the previous year, the firm posted $0.98 earnings per share. The company’s revenue was down .1% on a year-over-year basis. On average, equities analysts forecast that Procter & Gamble Co. will post $3.89 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 15th. Shareholders of record on Friday, October 21st were given a dividend of $0.6695 per share. This represents a $2.68 annualized dividend and a yield of 3.24%. The ex-dividend date was Wednesday, October 19th. Procter & Gamble Co.’s dividend payout ratio (DPR) is currently 71.66%.

In other news, insider Price Matthew sold 3,081 shares of the stock in a transaction dated Wednesday, November 2nd. The shares were sold at an average price of $86.90, for a total value of $267,738.90. Following the transaction, the insider now directly owns 14,962 shares of the company’s stock, valued at $1,300,197.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ciserani Giovanni sold 20,000 shares of the stock in a transaction dated Thursday, September 8th. The shares were sold at an average price of $88.00, for a total transaction of $1,760,000.00. Following the completion of the transaction, the insider now directly owns 65,053 shares in the company, valued at $5,724,664. The disclosure for this sale can be found here. Company insiders own 0.35% of the company’s stock.

Several institutional investors have recently modified their holdings of PG. Lowe FS raised its position in shares of Procter & Gamble Co. by 54.2% in the third quarter. Lowe FS now owns 202 shares of the company’s stock valued at $15,000 after buying an additional 71 shares during the last quarter. Ken Stern & Associates raised its position in shares of Procter & Gamble Co. by 12.9% in the third quarter. Ken Stern & Associates now owns 4,802 shares of the company’s stock valued at $345,000 after buying an additional 548 shares during the last quarter. ING Groep raised its position in shares of Procter & Gamble Co. by 3.9% in the third quarter. ING Groep now owns 1,493,737 shares of the company’s stock valued at $107,310,000 after buying an additional 55,884 shares during the last quarter. Palo Capital raised its position in shares of Procter & Gamble Co. by 20.6% in the third quarter. Palo Capital now owns 5,025 shares of the company’s stock valued at $361,000 after buying an additional 860 shares during the last quarter. Finally, Modera Wealth Management raised its position in shares of Procter & Gamble Co. by 10.7% in the third quarter. Modera Wealth Management now owns 4,763 shares of the company’s stock valued at $343,000 after buying an additional 462 shares during the last quarter. 59.51% of the stock is currently owned by institutional investors.

About Procter & Gamble Co.

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