Procter & Gamble Co (PG) Receives Consensus Rating of “Hold” from Brokerages

Procter & Gamble Co (NYSE:PG) has been assigned an average rating of “Hold” from the twenty-three research firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $101.39.

Several research analysts have commented on PG shares. Wells Fargo & Co upgraded shares of Procter & Gamble from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $78.00 to $115.00 in a report on Monday, April 8th. Zacks Investment Research cut shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Tuesday, March 26th. Morgan Stanley set a $111.00 price target on shares of Procter & Gamble and gave the stock a “buy” rating in a report on Thursday, March 28th. Barclays upgraded shares of Procter & Gamble from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $94.00 to $112.00 in a report on Wednesday, April 24th. Finally, Berenberg Bank upgraded shares of Procter & Gamble from a “sell” rating to a “hold” rating and boosted their price target for the stock from $86.00 to $92.00 in a report on Thursday, January 24th.

Shares of PG opened at $106.72 on Thursday. Procter & Gamble has a fifty-two week low of $72.80 and a fifty-two week high of $108.68. The company has a market cap of $268.16 billion, a P/E ratio of 25.29, a price-to-earnings-growth ratio of 3.43 and a beta of 0.39. The company has a current ratio of 0.79, a quick ratio of 0.60 and a debt-to-equity ratio of 0.39.

Procter & Gamble (NYSE:PG) last announced its earnings results on Tuesday, April 23rd. The company reported $1.06 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.02. Procter & Gamble had a net margin of 16.44% and a return on equity of 21.61%. The firm had revenue of $16.46 billion for the quarter, compared to the consensus estimate of $16.37 billion. During the same period in the prior year, the firm earned $1.00 EPS. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. On average, research analysts forecast that Procter & Gamble will post 4.48 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th were issued a $0.7459 dividend. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.72. The ex-dividend date was Wednesday, April 17th. This represents a $2.98 annualized dividend and a dividend yield of 2.80%. Procter & Gamble’s dividend payout ratio is presently 70.62%.

In related news, insider Carolyn M. Tastad sold 3,980 shares of the stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $105.85, for a total transaction of $421,283.00. Following the completion of the sale, the insider now owns 46,495 shares in the company, valued at approximately $4,921,495.75. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider R. Alexandra Keith sold 3,027 shares of the stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $98.57, for a total transaction of $298,371.39. The disclosure for this sale can be found here. In the last 90 days, insiders sold 350,089 shares of company stock valued at $36,539,133. Company insiders own 1.84% of the company’s stock.

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in Procter & Gamble by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 188,401,646 shares of the company’s stock valued at $15,680,670,000 after acquiring an additional 853,269 shares in the last quarter. Vanguard Group Inc boosted its holdings in Procter & Gamble by 0.5% in the third quarter. Vanguard Group Inc now owns 188,401,646 shares of the company’s stock worth $15,680,670,000 after purchasing an additional 853,269 shares during the period. BlackRock Inc. boosted its holdings in Procter & Gamble by 2.9% in the fourth quarter. BlackRock Inc. now owns 168,407,978 shares of the company’s stock worth $15,480,062,000 after purchasing an additional 4,770,076 shares during the period. Oregon Public Employees Retirement Fund boosted its holdings in Procter & Gamble by 12,676.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 73,958,832 shares of the company’s stock worth $805,000 after purchasing an additional 73,379,984 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Procter & Gamble by 1.6% in the first quarter. Geode Capital Management LLC now owns 35,401,794 shares of the company’s stock worth $3,677,957,000 after purchasing an additional 556,020 shares during the period. Hedge funds and other institutional investors own 61.11% of the company’s stock.

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.

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Analyst Recommendations for Procter & Gamble (NYSE:PG)

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