Procter & Gamble (NYSE:PG) Given New $161.00 Price Target at Stifel Nicolaus

Procter & Gamble (NYSE:PG) had its price objective raised by Stifel Nicolaus from $157.00 to $161.00 in a research report sent to investors on Monday morning, Benzinga reports. They currently have a hold rating on the stock.

A number of other research analysts also recently weighed in on PG. Evercore ISI lifted their price target on Procter & Gamble from $177.00 to $183.00 and gave the company an outperform rating in a report on Thursday, July 18th. Argus lifted their price objective on Procter & Gamble from $180.00 to $185.00 and gave the company a buy rating in a research report on Thursday, April 25th. Barclays lifted their price objective on Procter & Gamble from $170.00 to $174.00 and gave the company an overweight rating in a research report on Friday, July 19th. Jefferies Financial Group lifted their price objective on Procter & Gamble from $175.00 to $182.00 and gave the company a buy rating in a research report on Monday, April 22nd. Finally, Citigroup boosted their price target on Procter & Gamble from $177.00 to $190.00 and gave the stock a buy rating in a research report on Wednesday, July 10th. Seven investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, Procter & Gamble presently has an average rating of Moderate Buy and a consensus price target of $174.29.

Procter & Gamble Stock Performance

Shares of PG stock opened at $168.05 on Monday. Procter & Gamble has a 1-year low of $141.45 and a 1-year high of $170.92. The company has a current ratio of 0.69, a quick ratio of 0.48 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $396.61 billion, a price-to-earnings ratio of 27.46, a P/E/G ratio of 3.16 and a beta of 0.41. The stock’s fifty day simple moving average is $166.39 and its 200-day simple moving average is $161.32.

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Friday, July 19th will be paid a dividend of $1.0065 per share. The ex-dividend date of this dividend is Friday, July 19th. This represents a $4.03 annualized dividend and a yield of 2.40%. Procter & Gamble’s dividend payout ratio is 65.85%.

Insider Activity

In other news, CEO Sundar G. Raman sold 31,924 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $166.95, for a total value of $5,329,711.80. Following the sale, the chief executive officer now directly owns 19,042 shares in the company, valued at approximately $3,179,061.90. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Sundar G. Raman sold 31,924 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $166.95, for a total value of $5,329,711.80. Following the sale, the chief executive officer now directly owns 19,042 shares in the company, valued at approximately $3,179,061.90. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Moses Victor Javier Aguilar sold 9,149 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $167.72, for a total value of $1,534,470.28. Following the completion of the transaction, the insider now directly owns 12,929 shares in the company, valued at $2,168,451.88. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 125,320 shares of company stock worth $20,696,223. Company insiders own 0.17% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of PG. Norges Bank acquired a new position in Procter & Gamble during the 4th quarter worth $3,956,117,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Procter & Gamble by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 16,209,425 shares of the company’s stock valued at $2,336,552,000 after purchasing an additional 206,165 shares during the period. Fisher Asset Management LLC lifted its stake in shares of Procter & Gamble by 5.6% in the 4th quarter. Fisher Asset Management LLC now owns 10,556,988 shares of the company’s stock valued at $1,547,021,000 after purchasing an additional 559,358 shares during the period. Franklin Resources Inc. lifted its stake in shares of Procter & Gamble by 2.6% in the 4th quarter. Franklin Resources Inc. now owns 9,571,693 shares of the company’s stock valued at $1,402,636,000 after purchasing an additional 246,323 shares during the period. Finally, California Public Employees Retirement System lifted its stake in shares of Procter & Gamble by 17.1% in the 4th quarter. California Public Employees Retirement System now owns 9,492,039 shares of the company’s stock valued at $1,390,963,000 after purchasing an additional 1,387,539 shares during the period. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.