Procter & Gamble (NYSE:PG) Earns "Sector Perform" Rating from Royal Bank of Canada

Royal Bank of Canada restated their sector perform rating on shares of Procter & Gamble (NYSE:PG - Free Report) in a research note issued to investors on Monday morning, Benzinga reports. The firm currently has a $164.00 price target on the stock.

Other research analysts have also issued research reports about the stock. Piper Sandler began coverage on shares of Procter & Gamble in a research note on Tuesday, September 24th. They set a "neutral" rating and a $174.00 price target on the stock. Wolfe Research upgraded shares of Procter & Gamble to a "strong-buy" rating in a research note on Friday, August 23rd. DZ Bank upgraded shares of Procter & Gamble from a "hold" rating to a "buy" rating and set a $190.00 price target on the stock in a research note on Thursday, August 29th. BNP Paribas began coverage on shares of Procter & Gamble in a research note on Monday, June 24th. They issued an "outperform" rating and a $187.00 target price on the stock. Finally, Barclays lowered shares of Procter & Gamble from an "overweight" rating to an "equal weight" rating and set a $163.00 target price on the stock. in a research note on Monday, September 30th. Nine analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Procter & Gamble has an average rating of "Moderate Buy" and an average price target of $177.00.

Procter & Gamble Stock Down 1.0 %

PG stock traded down $1.72 during midday trading on Monday, reaching $169.56. The company had a trading volume of 5,522,260 shares, compared to its average volume of 6,686,861. Procter & Gamble has a 1 year low of $142.50 and a 1 year high of $177.94. The company has a current ratio of 0.73, a quick ratio of 0.53 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $400.18 billion, a P/E ratio of 27.71, a PEG ratio of 3.74 and a beta of 0.41. The company has a 50 day moving average of $171.82 and a two-hundred day moving average of $167.33.

Procter & Gamble (NYSE:PG - Get Free Report) last released its earnings results on Friday, October 18th. The company reported $1.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.90 by $0.03. Procter & Gamble had a net margin of 17.71% and a return on equity of 33.46%. The company had revenue of $21.74 billion during the quarter, compared to the consensus estimate of $21.99 billion. During the same quarter in the prior year, the firm earned $1.83 EPS. The company's revenue was down .6% compared to the same quarter last year. On average, equities research analysts expect that Procter & Gamble will post 6.97 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 18th will be issued a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date of this dividend is Friday, October 18th. Procter & Gamble's payout ratio is 65.69%.

Insider Transactions at Procter & Gamble

In other news, insider Balaji Purushothaman sold 8,842 shares of the firm's stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $164.90, for a total transaction of $1,458,045.80. Following the completion of the transaction, the insider now directly owns 11,537 shares of the company's stock, valued at approximately $1,902,451.30. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Jon R. Moeller sold 7,007 shares of the firm's stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $171.65, for a total transaction of $1,202,751.55. Following the completion of the transaction, the chief executive officer now directly owns 269,172 shares of the company's stock, valued at approximately $46,203,373.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Balaji Purushothaman sold 8,842 shares of Procter & Gamble stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $164.90, for a total transaction of $1,458,045.80. Following the transaction, the insider now directly owns 11,537 shares of the company's stock, valued at $1,902,451.30. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 383,194 shares of company stock valued at $65,140,718. Company insiders own 0.17% of the company's stock.

Hedge Funds Weigh In On Procter & Gamble

Several institutional investors have recently added to or reduced their stakes in PG. Legal & General Group Plc raised its stake in shares of Procter & Gamble by 0.6% in the second quarter. Legal & General Group Plc now owns 21,632,054 shares of the company's stock worth $3,567,556,000 after acquiring an additional 122,190 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Procter & Gamble by 8.2% in the second quarter. Dimensional Fund Advisors LP now owns 9,691,925 shares of the company's stock worth $1,598,510,000 after acquiring an additional 733,440 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Procter & Gamble by 9.7% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 6,161,507 shares of the company's stock worth $999,705,000 after acquiring an additional 545,601 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of Procter & Gamble by 1.3% in the first quarter. Janus Henderson Group PLC now owns 6,008,938 shares of the company's stock worth $974,914,000 after acquiring an additional 79,665 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its stake in shares of Procter & Gamble by 3.9% in the second quarter. Canada Pension Plan Investment Board now owns 5,706,199 shares of the company's stock worth $941,066,000 after acquiring an additional 216,300 shares during the last quarter. 65.77% of the stock is owned by institutional investors.

Procter & Gamble Company Profile

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.