Royal Bank Of Canada Has Lowered Expectations for Procter & Gamble (NYSE:PG) Stock Price

Procter & Gamble (NYSE:PGGet Free Report) had its price target lowered by Royal Bank Of Canada from $172.00 to $167.00 in a research note issued to investors on Thursday,MarketScreener reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 15.67% from the stock’s current price.

Several other equities analysts have also recently weighed in on the company. Deutsche Bank Aktiengesellschaft reduced their price target on Procter & Gamble from $171.00 to $162.00 and set a “hold” rating for the company in a research report on Monday, March 30th. Piper Sandler lowered their price objective on shares of Procter & Gamble from $150.00 to $142.00 and set a “neutral” rating for the company in a report on Wednesday. JPMorgan Chase & Co. upgraded Procter & Gamble from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $157.00 to $165.00 in a report on Friday, January 23rd. The Goldman Sachs Group decreased their price objective on shares of Procter & Gamble from $159.00 to $155.00 and set a “neutral” rating on the stock in a research report on Wednesday. Finally, Barclays set a $155.00 price objective on shares of Procter & Gamble in a research note on Friday, January 16th. Twelve investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $164.26.

Get Our Latest Stock Analysis on Procter & Gamble

Procter & Gamble Stock Down 0.4%

Shares of NYSE PG opened at $144.37 on Thursday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.72 and a quick ratio of 0.51. The company has a 50-day moving average price of $153.23 and a 200-day moving average price of $149.32. The stock has a market capitalization of $335.52 billion, a P/E ratio of 21.41, a P/E/G ratio of 5.04 and a beta of 0.41. Procter & Gamble has a 1 year low of $137.62 and a 1 year high of $171.65.

Procter & Gamble (NYSE:PGGet Free Report) last released its quarterly earnings results on Friday, January 23rd. The company reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.02. The business had revenue of $22.21 billion during the quarter, compared to analyst estimates of $22.36 billion. Procter & Gamble had a return on equity of 32.21% and a net margin of 19.30%.Procter & Gamble’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.88 EPS. On average, equities research analysts forecast that Procter & Gamble will post 6.91 EPS for the current fiscal year.

Insider Activity

In other news, CEO Ma. Fatima Francisco sold 5,549 shares of Procter & Gamble stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $165.29, for a total transaction of $917,194.21. Following the completion of the transaction, the chief executive officer directly owned 1,029 shares in the company, valued at approximately $170,083.41. This trade represents a 84.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Jon R. Moeller sold 162,232 shares of the company’s stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $162.45, for a total value of $26,354,588.40. Following the completion of the sale, the chairman owned 319,385 shares in the company, valued at $51,884,093.25. The trade was a 33.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 348,618 shares of company stock worth $55,462,643. 0.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Procter & Gamble

Large investors have recently modified their holdings of the stock. Purpose Unlimited Inc. bought a new stake in Procter & Gamble in the 4th quarter worth about $8,908,000. Cornerstone Planning LLC bought a new stake in shares of Procter & Gamble in the fourth quarter worth $3,084,000. Rockefeller Capital Management L.P. lifted its holdings in Procter & Gamble by 11.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,109,236 shares of the company’s stock valued at $158,965,000 after acquiring an additional 114,301 shares during the period. Lane Brothers & Co. Inc. purchased a new stake in shares of Procter & Gamble during the 4th quarter valued at about $293,000. Finally, World Investment Advisors grew its position in shares of Procter & Gamble by 15.9% during the 4th quarter. World Investment Advisors now owns 105,915 shares of the company’s stock valued at $15,179,000 after acquiring an additional 14,492 shares during the period. Hedge funds and other institutional investors own 65.77% of the company’s stock.

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Procter & Gamble Company Profile

(Get Free Report)

Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.

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