Barclays Lowers Procter & Gamble (NYSE:PG) Price Target to $155.00

Procter & Gamble (NYSE:PG) had its price target cut by stock analysts at Barclays from $163.00 to $155.00 in a research report issued on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price objective suggests a potential downside of 4.09% from the stock’s current price.

A number of other equities analysts have also commented on PG. Wells Fargo & Company reduced their target price on shares of Procter & Gamble from $190.00 to $176.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Morgan Stanley lifted their target price on Procter & Gamble from $174.00 to $191.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Piper Sandler began coverage on Procter & Gamble in a research report on Tuesday, September 24th. They set a “neutral” rating and a $174.00 price target on the stock. UBS Group lowered their price objective on shares of Procter & Gamble from $196.00 to $189.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Stifel Nicolaus dropped their target price on shares of Procter & Gamble from $167.00 to $161.00 and set a “hold” rating on the stock in a report on Friday. Eight equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $179.65.

Procter & Gamble Trading Up 0.7 %

PG traded up $1.11 during trading hours on Friday, reaching $161.61. 3,087,158 shares of the company’s stock traded hands, compared to its average volume of 6,446,283. The company has a quick ratio of 0.55, a current ratio of 0.75 and a debt-to-equity ratio of 0.50. The firm has a 50-day moving average price of $169.37 and a 200 day moving average price of $169.45. Procter & Gamble has a 52-week low of $146.28 and a 52-week high of $180.43. The firm has a market capitalization of $380.60 billion, a PE ratio of 27.86, a PEG ratio of 3.41 and a beta of 0.45.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Friday, October 18th. The company reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.03. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The firm had revenue of $21.74 billion for the quarter, compared to analysts’ expectations of $21.99 billion. During the same period in the prior year, the business posted $1.83 earnings per share. The business’s revenue for the quarter was down .6% on a year-over-year basis. As a group, sell-side analysts predict that Procter & Gamble will post 6.93 EPS for the current fiscal year.

Insider Activity at Procter & Gamble

In other news, CEO Gary A. Coombe sold 47,847 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $179.84, for a total value of $8,604,804.48. Following the transaction, the chief executive officer now directly owns 39,977 shares of the company’s stock, valued at approximately $7,189,463.68. This trade represents a 54.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO R. Alexandra Keith sold 1,992 shares of the company’s stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $170.00, for a total transaction of $338,640.00. Following the sale, the chief executive officer now directly owns 13,783 shares of the company’s stock, valued at approximately $2,343,110. This represents a 12.63 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 75,439 shares of company stock valued at $13,317,460. 0.18% of the stock is owned by company insiders.

Institutional Investors Weigh In On Procter & Gamble

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Itau Unibanco Holding S.A. acquired a new stake in shares of Procter & Gamble in the 2nd quarter worth $28,000. RPg Family Wealth Advisory LLC purchased a new stake in shares of Procter & Gamble in the third quarter valued at about $33,000. Quest Partners LLC acquired a new stake in Procter & Gamble during the second quarter worth about $36,000. Costello Asset Management INC boosted its holdings in Procter & Gamble by 2,142.9% in the 3rd quarter. Costello Asset Management INC now owns 314 shares of the company’s stock valued at $54,000 after purchasing an additional 300 shares during the last quarter. Finally, William B. Walkup & Associates Inc. purchased a new stake in shares of Procter & Gamble in the 2nd quarter valued at approximately $58,000. 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.