Procter & Gamble Co. (NYSE:PG) was upgraded by Vetr from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday. The firm currently has a $92.75 price objective on the stock. Vetr‘s target price points to a potential upside of 4.61% from the company’s previous close.
PG has been the topic of a number of other reports. Zacks Investment Research raised Procter & Gamble Co. from a “sell” rating to a “hold” rating in a report on Tuesday, July 26th. JPMorgan Chase & Co. set a $99.00 price target on Procter & Gamble Co. and gave the company a “buy” rating in a report on Wednesday, August 3rd. Jefferies Group reissued a “buy” rating and set a $98.00 price target on shares of Procter & Gamble Co. in a report on Thursday, August 4th. Citigroup Inc. lifted their target price on Procter & Gamble Co. from $92.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday, August 4th. Finally, Bank of America Corp. set a $95.00 target price on Procter & Gamble Co. and gave the stock a “buy” rating in a report on Wednesday, August 10th. Ten research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Procter & Gamble Co. currently has an average rating of “Buy” and an average price target of $89.49.
Shares of Procter & Gamble Co. (NYSE:PG) opened at 88.66 on Tuesday. The stock has a market cap of $236.61 billion, a PE ratio of 24.00 and a beta of 0.54. The firm has a 50-day moving average price of $87.85 and a 200 day moving average price of $84.39. Procter & Gamble Co. has a 12-month low of $72.59 and a 12-month high of $90.22.
Procter & Gamble Co. (NYSE:PG) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.79 EPS for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.05. The business had revenue of $16.10 billion for the quarter, compared to analysts’ expectations of $15.83 billion. Procter & Gamble Co. had a return on equity of 17.48% and a net margin of 16.09%. The business’s quarterly revenue was down 2.7% on a year-over-year basis. During the same period last year, the firm earned $1.00 earnings per share. Equities research analysts expect that Procter & Gamble Co. will post $0.02 earnings per share for the current year.
In related news, SVP Valarie L. Sheppard sold 32,532 shares of the business’s stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $86.90, for a total value of $2,827,030.80. Following the completion of the transaction, the senior vice president now owns 28,397 shares of the company’s stock, valued at $2,467,699.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Charles E. Pierce sold 55,127 shares of the business’s stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $86.07, for a total transaction of $4,744,780.89. Following the completion of the transaction, the insider now directly owns 60,632 shares of the company’s stock, valued at approximately $5,218,596.24. The disclosure for this sale can be found here. 0.35% of the stock is owned by corporate insiders.
A number of institutional investors have recently modified their holdings of the company. First Hawaiian Bank acquired a new position in shares of Procter & Gamble Co. during the first quarter worth approximately $291,000. BTR Capital Management Inc. increased its position in shares of Procter & Gamble Co. by 10.9% in the first quarter. BTR Capital Management Inc. now owns 83,652 shares of the company’s stock worth $6,885,000 after buying an additional 8,225 shares during the period. Iberiabank Corp increased its position in shares of Procter & Gamble Co. by 5.4% in the first quarter. Iberiabank Corp now owns 53,752 shares of the company’s stock worth $4,424,000 after buying an additional 2,770 shares during the period. Mission Wealth Management LLC increased its position in shares of Procter & Gamble Co. by 18.1% in the first quarter. Mission Wealth Management LLC now owns 9,594 shares of the company’s stock worth $790,000 after buying an additional 1,473 shares during the period. Finally, Culbertson A N & Co. Inc. acquired a new position in shares of Procter & Gamble Co. during the first quarter worth approximately $6,326,000. 58.73% of the stock is owned by institutional investors.
Procter & Gamble Co. Company Profile
The Procter & Gamble Company (P&G) provides consumer packaged goods. The Company operates in five segments under GBUs: Beauty, which offers a range of products ranging from deodorants to cosmetics to skin care; Grooming, which includes blades, razors and electronic hair removal devices, such as electric razors and epilators; Health Care, which includes oral care and personal health care products.; Fabric Care and Home Care, which consists of a range of fabric care products, home care products and batteries, and Baby Feminine and Family Care, which offers diapers, pants, baby wipe, Bounty paper, towel and Charmin toilet paper brands.
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