Procter & Gamble (NYSE:PG) PT Raised to $129.00 at Morgan Stanley

Procter & Gamble (NYSE:PG) had its price objective boosted by investment analysts at Morgan Stanley from $120.00 to $129.00 in a report issued on Wednesday, MarketBeat Ratings reports. The brokerage presently has an “overweight” rating on the stock. Morgan Stanley’s target price points to a potential upside of 10.36% from the stock’s previous close.

Several other equities analysts have also recently issued reports on the company. Wells Fargo & Co reiterated a “buy” rating and set a $135.00 price target (up from $125.00) on shares of Procter & Gamble in a research report on Tuesday. UBS Group lifted their price target on Procter & Gamble to $102.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Goldman Sachs Group upgraded Procter & Gamble from a “neutral” rating to a “buy” rating and lifted their price target for the company from $114.00 to $125.00 in a research report on Thursday, June 27th. Credit Suisse Group set a $100.00 price target on Procter & Gamble and gave the company a “hold” rating in a research report on Friday, May 10th. Finally, Barclays upgraded Procter & Gamble from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $94.00 to $112.00 in a research report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $108.15.

Shares of PG stock traded up $0.16 during mid-day trading on Wednesday, hitting $116.89. 256,141 shares of the stock traded hands, compared to its average volume of 7,047,888. Procter & Gamble has a twelve month low of $78.49 and a twelve month high of $121.76. The stock has a market capitalization of $302.03 billion, a price-to-earnings ratio of 25.81, a price-to-earnings-growth ratio of 3.63 and a beta of 0.45. The stock’s 50-day simple moving average is $113.20. The company has a current ratio of 0.75, a quick ratio of 0.60 and a debt-to-equity ratio of 0.43.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.04. Procter & Gamble had a return on equity of 7.22% and a net margin of 5.76%. The company had revenue of $17.09 billion for the quarter, compared to analysts’ expectations of $16.86 billion. During the same period last year, the firm earned $0.94 EPS. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. Equities analysts forecast that Procter & Gamble will post 4.8 earnings per share for the current year.

In related news, Director Trian Fund Management, L.P. sold 71,500 shares of Procter & Gamble stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $104.62, for a total value of $7,480,330.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Valarie L. Sheppard sold 17,000 shares of Procter & Gamble stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $120.20, for a total value of $2,043,400.00. The disclosure for this sale can be found here. Insiders sold a total of 247,335 shares of company stock worth $26,476,375 over the last 90 days. Insiders own 1.84% of the company’s stock.

Several hedge funds have recently modified their holdings of PG. Camarda Financial Advisors LLC boosted its position in Procter & Gamble by 59.2% during the second quarter. Camarda Financial Advisors LLC now owns 269 shares of the company’s stock valued at $29,000 after purchasing an additional 100 shares during the last quarter. SeaBridge Investment Advisors LLC acquired a new stake in Procter & Gamble during the fourth quarter valued at $36,000. Smart Portfolios LLC boosted its position in Procter & Gamble by 48.0% during the fourth quarter. Smart Portfolios LLC now owns 450 shares of the company’s stock valued at $41,000 after purchasing an additional 146 shares during the last quarter. Financial Management Professionals Inc. boosted its position in Procter & Gamble by 71.5% during the second quarter. Financial Management Professionals Inc. now owns 463 shares of the company’s stock valued at $51,000 after purchasing an additional 193 shares during the last quarter. Finally, Intercontinental Wealth Advisors LLC acquired a new stake in Procter & Gamble during the fourth quarter valued at $62,000. Institutional investors and hedge funds own 62.17% of the company’s stock.

Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.

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Analyst Recommendations for Procter & Gamble (NYSE:PG)

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