Bank of America reaffirmed their buy rating on shares of Procter & Gamble (NYSE:PG) in a research note released on Tuesday. Bank of America currently has a $108.00 price objective on the stock.

Several other equities analysts have also recently weighed in on the company. UBS Group lifted their price target on Procter & Gamble from $82.00 to $87.00 and gave the company a neutral rating in a research report on Monday, October 22nd. Citigroup boosted their target price on Procter & Gamble from $93.00 to $99.00 and gave the stock a buy rating in a research report on Monday, October 22nd. Macquarie boosted their target price on Procter & Gamble from $86.00 to $92.00 and gave the stock an outperform rating in a research report on Monday, October 22nd. Atlantic Securities assumed coverage on Procter & Gamble in a research report on Thursday, September 20th. They set an overweight rating and a $94.00 target price for the company. Finally, Societe Generale set a $87.00 target price on Procter & Gamble and gave the stock a hold rating in a research report on Tuesday, October 23rd. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $92.26.

Procter & Gamble stock traded up $0.28 during mid-day trading on Tuesday, reaching $91.46. 4,270,430 shares of the company’s stock were exchanged, compared to its average volume of 10,602,179. The firm has a market capitalization of $229.29 billion, a P/E ratio of 21.67, a price-to-earnings-growth ratio of 2.96 and a beta of 0.38. Procter & Gamble has a one year low of $70.73 and a one year high of $96.89. The company has a current ratio of 0.80, a quick ratio of 0.62 and a debt-to-equity ratio of 0.40.

Procter & Gamble (NYSE:PG) last issued its earnings results on Friday, October 19th. The company reported $1.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.09 by $0.03. The firm had revenue of $16.69 billion for the quarter, compared to analyst estimates of $16.45 billion. Procter & Gamble had a return on equity of 21.20% and a net margin of 15.10%. The business’s revenue was up .2% on a year-over-year basis. During the same period in the previous year, the company posted $1.09 earnings per share. Analysts predict that Procter & Gamble will post 4.42 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 15th. Shareholders of record on Friday, January 18th will be issued a dividend of $0.7172 per share. The ex-dividend date is Thursday, January 17th. This represents a $2.87 dividend on an annualized basis and a dividend yield of 3.14%. Procter & Gamble’s dividend payout ratio (DPR) is 68.01%.

In related news, CEO David S. Taylor sold 16,338 shares of the company’s stock in a transaction that occurred on Friday, November 16th. The stock was sold at an average price of $94.62, for a total value of $1,545,901.56. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Vice Chairman Jon R. Moeller sold 228,905 shares of the company’s stock in a transaction that occurred on Tuesday, November 13th. The stock was sold at an average price of $91.88, for a total value of $21,031,791.40. Following the completion of the sale, the insider now owns 209,033 shares in the company, valued at approximately $19,205,952.04. The disclosure for this sale can be found here. Insiders have sold a total of 502,927 shares of company stock worth $46,437,282 in the last quarter. Company insiders own 1.84% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Whitener Capital Management Inc. lifted its holdings in shares of Procter & Gamble by 4.4% during the 2nd quarter. Whitener Capital Management Inc. now owns 25,952 shares of the company’s stock valued at $2,025,000 after buying an additional 1,084 shares during the period. Blue Fin Capital Inc. lifted its holdings in shares of Procter & Gamble by 4.7% during the 2nd quarter. Blue Fin Capital Inc. now owns 16,125 shares of the company’s stock valued at $1,259,000 after buying an additional 717 shares during the period. Peoples Financial Services CORP. lifted its holdings in shares of Procter & Gamble by 7.4% during the 3rd quarter. Peoples Financial Services CORP. now owns 69,301 shares of the company’s stock valued at $5,767,000 after buying an additional 4,775 shares during the period. Cypress Capital Management LLC lifted its holdings in shares of Procter & Gamble by 12.6% during the 2nd quarter. Cypress Capital Management LLC now owns 141,219 shares of the company’s stock valued at $11,024,000 after buying an additional 15,785 shares during the period. Finally, Truepoint Inc. raised its holdings in Procter & Gamble by 1,148.6% in the 2nd quarter. Truepoint Inc. now owns 299,861 shares of the company’s stock worth $23,407,000 after purchasing an additional 275,846 shares during the period. Institutional investors own 58.62% 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.

See Also: What is the Bid-Ask Spread?

Analyst Recommendations for Procter & Gamble (NYSE:PG)

Receive News & Ratings for Procter & Gamble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble and related companies with MarketBeat.com's FREE daily email newsletter.