Procter & Gamble (NYSE:PG) had its target price hoisted by Citigroup from $99.00 to $104.00 in a report published on Monday morning, MarketBeat.com reports. The brokerage currently has a buy rating on the stock.

PG has been the subject of a number of other reports. ValuEngine raised Procter & Gamble from a sell rating to a hold rating in a report on Friday, August 17th. UBS Group set a $82.00 target price on Procter & Gamble and gave the stock a hold rating in a report on Wednesday, October 17th. Wells Fargo & Co reissued a hold rating and issued a $78.00 target price on shares of Procter & Gamble in a report on Thursday, August 16th. Macquarie increased their target price on Procter & Gamble from $86.00 to $92.00 and gave the stock an outperform rating in a report on Monday, October 22nd. Finally, Atlantic Securities started coverage on Procter & Gamble in a report on Thursday, September 20th. They issued an overweight rating and a $94.00 target price for the company. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of Hold and a consensus target price of $88.66.

Procter & Gamble stock opened at $94.03 on Monday. The company has a quick ratio of 0.62, a current ratio of 0.80 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $236.75 billion, a price-to-earnings ratio of 22.28, a PEG ratio of 3.08 and a beta of 0.37. Procter & Gamble has a 12 month low of $70.73 and a 12 month high of $94.86.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Friday, October 19th. The company reported $1.12 EPS for the quarter, beating the consensus estimate of $1.09 by $0.03. The firm had revenue of $16.69 billion during the quarter, compared to analysts’ expectations of $16.45 billion. Procter & Gamble had a return on equity of 21.20% and a net margin of 15.10%. The company’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.09 EPS. As a group, analysts expect that Procter & Gamble will post 4.41 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 15th. Investors of record on Friday, October 19th were issued a dividend of $0.7172 per share. The ex-dividend date of this dividend was Thursday, October 18th. This represents a $2.87 dividend on an annualized basis and a yield of 3.05%. Procter & Gamble’s dividend payout ratio is 68.01%.

In related news, Vice Chairman Jon R. Moeller sold 228,905 shares of the firm’s stock in a transaction on Tuesday, November 13th. The stock was sold at an average price of $91.88, for a total transaction of $21,031,791.40. Following the completion of the sale, the insider now directly owns 209,033 shares of the company’s stock, valued at approximately $19,205,952.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Valarie L. Sheppard sold 40,751 shares of the firm’s stock in a transaction on Tuesday, November 13th. The shares were sold at an average price of $91.93, for a total value of $3,746,239.43. The disclosure for this sale can be found here. Insiders have sold a total of 502,927 shares of company stock valued at $46,437,282 over the last ninety days. Insiders own 1.84% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Moody Aldrich Partners LLC bought a new position in shares of Procter & Gamble in the 2nd quarter worth $73,142,000. Ayalon Holdings Ltd. bought a new position in shares of Procter & Gamble in the 3rd quarter worth $108,000. First Mercantile Trust Co. bought a new position in shares of Procter & Gamble in the 3rd quarter worth $111,000. RPg Family Wealth Advisory LLC boosted its position in shares of Procter & Gamble by 209.4% in the 2nd quarter. RPg Family Wealth Advisory LLC now owns 1,349 shares of the company’s stock worth $105,000 after purchasing an additional 913 shares during the last quarter. Finally, Willingdon Wealth Management boosted its position in shares of Procter & Gamble by 4,668.6% in the 3rd quarter. Willingdon Wealth Management now owns 1,669 shares of the company’s stock worth $139,000 after purchasing an additional 1,634 shares during the last quarter. 58.68% of the stock is owned by hedge funds and other institutional investors.

About Procter & Gamble

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.

Further Reading: Return on Investment (ROI)

Analyst Recommendations for Procter & Gamble (NYSE:PG)

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