Procter & Gamble Co. (NYSE:PG) was downgraded by stock analysts at Vetr from a “buy” rating to a “hold” rating in a report issued on Monday. They currently have a $92.75 price objective on the stock. Vetr‘s price target points to a potential upside of 4.75% from the stock’s previous close.
PG has been the topic of several other research reports. Johnson Rice raised Procter & Gamble Co. from an “accumulate” rating to a “buy” rating in a research note on Friday, August 26th. Jefferies Group reissued a “buy” rating and issued a $95.00 price objective on shares of Procter & Gamble Co. in a research note on Thursday, June 23rd. Zacks Investment Research cut Procter & Gamble Co. from a “hold” rating to a “sell” rating in a research note on Tuesday, June 28th. Deutsche Bank AG reissued a “buy” rating and issued a $92.00 price objective (up previously from $85.00) on shares of Procter & Gamble Co. in a research note on Sunday, July 24th. Finally, Stifel Nicolaus increased their price objective on Procter & Gamble Co. from $85.00 to $92.00 and gave the stock a “buy” rating in a research note on Friday, July 22nd. Eleven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $89.49.
Procter & Gamble Co. (NYSE:PG) opened at 88.54 on Monday. The stock has a 50 day moving average price of $88.19 and a 200 day moving average price of $84.64. Procter & Gamble Co. has a 1-year low of $73.50 and a 1-year high of $90.33. The stock has a market cap of $236.29 billion, a PE ratio of 23.97 and a beta of 0.54.
Procter & Gamble Co. (NYSE:PG) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.05. Procter & Gamble Co. had a return on equity of 17.48% and a net margin of 16.09%. The company had revenue of $16.10 billion for the quarter, compared to analysts’ expectations of $15.83 billion. During the same quarter in the prior year, the firm earned $1.00 earnings per share. Procter & Gamble Co.’s revenue was down 2.7% compared to the same quarter last year. On average, analysts predict that Procter & Gamble Co. will post $0.02 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Friday, October 21st will be given a dividend of $0.6695 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.02%. Procter & Gamble Co.’s dividend payout ratio (DPR) is presently 72.63%.
In other news, insider Juan Fernando Posada sold 3,501 shares of the firm’s stock in a transaction dated Wednesday, September 28th. The stock was sold at an average price of $89.50, for a total transaction of $313,339.50. Following the sale, the insider now directly owns 19,953 shares in the company, valued at approximately $1,785,793.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ciserani Giovanni sold 20,000 shares of the firm’s stock in a transaction dated Thursday, September 8th. The shares were sold at an average price of $88.00, for a total value of $1,760,000.00. Following the sale, the insider now owns 65,053 shares in the company, valued at $5,724,664. The disclosure for this sale can be found here. Insiders own 0.35% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Cohen & Steers Inc. boosted its stake in Procter & Gamble Co. by 10,454.9% in the second quarter. Cohen & Steers Inc. now owns 20,623,882 shares of the company’s stock worth $4,473,320,000 after buying an additional 20,428,486 shares during the period. Emerald Acquisition Ltd. purchased a new stake in Procter & Gamble Co. during the second quarter valued at about $426,390,000. Vanguard Group Inc. boosted its stake in Procter & Gamble Co. by 1.8% in the second quarter. Vanguard Group Inc. now owns 167,926,302 shares of the company’s stock valued at $14,218,321,000 after buying an additional 3,029,476 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in Procter & Gamble Co. by 198.8% in the third quarter. BNP Paribas Arbitrage SA now owns 4,367,095 shares of the company’s stock valued at $391,947,000 after buying an additional 2,905,755 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in Procter & Gamble Co. by 33.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 9,700,307 shares of the company’s stock valued at $821,325,000 after buying an additional 2,454,215 shares during the last quarter. Hedge funds and other institutional investors own 58.86% of the company’s stock.
About Procter & Gamble Co.
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.
To view Vetr’s full report, visit Vetr’s official website.
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