Procter & Gamble (NYSE:PG) Upgraded at DA Davidson

Procter & Gamble (NYSE:PG) was upgraded by DA Davidson from a “neutral” rating to a “buy” rating in a research note issued on Monday, Marketbeat reports. The brokerage presently has a $209.00 target price on the stock, up from their prior target price of $160.00. DA Davidson’s price objective would suggest a potential upside of 18.56% from the company’s current price.

A number of other research firms have also issued reports on PG. Hsbc Global Res raised Procter & Gamble to a “strong-buy” rating in a research report on Friday, October 4th. StockNews.com lowered Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Piper Sandler started coverage on Procter & Gamble in a research report on Tuesday, September 24th. They issued a “neutral” rating and a $174.00 price target on the stock. Barclays lowered Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 target price on the stock. in a research report on Monday, September 30th. Finally, JPMorgan Chase & Co. raised their target price on Procter & Gamble from $179.00 to $186.00 and gave the stock an “overweight” rating in a research report on Thursday, September 19th. Eight research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $180.45.

Procter & Gamble Stock Performance

Shares of Procter & Gamble stock opened at $176.28 on Monday. The business has a 50-day moving average of $170.04 and a 200 day moving average of $168.66. Procter & Gamble has a 12 month low of $142.50 and a 12 month high of $177.94. The stock has a market capitalization of $415.15 billion, a price-to-earnings ratio of 30.39, a price-to-earnings-growth ratio of 3.81 and a beta of 0.42. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.75 and a quick ratio of 0.55.

Procter & Gamble (NYSE:PG) last announced its earnings results on Friday, October 18th. The company reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.03. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The company had revenue of $21.74 billion during the quarter, compared to analysts’ expectations of $21.99 billion. During the same period last year, the business posted $1.83 EPS. Procter & Gamble’s revenue for the quarter was down .6% on a year-over-year basis. As a group, sell-side analysts forecast that Procter & Gamble will post 6.94 earnings per share for the current year.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, insider Susan Street Whaley sold 634 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $171.65, for a total transaction of $108,826.10. Following the transaction, the insider now owns 19,341 shares of the company’s stock, valued at $3,319,882.65. This trade represents a 3.17 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Balaji Purushothaman sold 12,800 shares of the stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $168.99, for a total value of $2,163,072.00. Following the transaction, the insider now directly owns 11,566 shares in the company, valued at approximately $1,954,538.34. This represents a 52.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 59,673 shares of company stock worth $10,102,753 in the last 90 days. 0.18% of the stock is owned by corporate insiders.

Institutional Trading of Procter & Gamble

Hedge funds have recently made changes to their positions in the stock. China Universal Asset Management Co. Ltd. boosted its position in Procter & Gamble by 5.5% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 32,001 shares of the company’s stock worth $5,192,000 after acquiring an additional 1,657 shares during the period. Quent Capital LLC raised its stake in shares of Procter & Gamble by 2.0% in the 1st quarter. Quent Capital LLC now owns 10,684 shares of the company’s stock worth $1,733,000 after buying an additional 206 shares in the last quarter. Creekmur Asset Management LLC raised its stake in shares of Procter & Gamble by 54.3% in the 1st quarter. Creekmur Asset Management LLC now owns 6,792 shares of the company’s stock worth $1,102,000 after buying an additional 2,391 shares in the last quarter. Tidal Investments LLC raised its stake in shares of Procter & Gamble by 5.6% in the 1st quarter. Tidal Investments LLC now owns 110,747 shares of the company’s stock worth $17,971,000 after buying an additional 5,913 shares in the last quarter. Finally, Coppell Advisory Solutions Corp. bought a new stake in shares of Procter & Gamble in the 1st quarter worth $3,771,000. Institutional investors own 65.77% of the company’s stock.

About Procter & Gamble

The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company 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, SK-II, and Native brands.