Procter & Gamble (NYSE:PG) Earns “Hold” Rating from TD Cowen

Procter & Gamble (NYSE:PG)‘s stock had its “hold” rating reaffirmed by equities researchers at TD Cowen in a note issued to investors on Wednesday, Benzinga reports. They currently have a $150.00 price objective on the stock. TD Cowen’s price target would indicate a potential upside of 2.26% from the stock’s previous close.

PG has been the topic of several other reports. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $149.00 price objective on shares of Procter & Gamble in a research report on Monday, August 24th. JPMorgan Chase & Co. decreased their target price on shares of Procter & Gamble from $164.00 to $162.00 and set an “overweight” rating for the company in a research note on Thursday, July 16th. Citigroup decreased their price objective on shares of Procter & Gamble from $181.00 to $170.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. HSBC reaffirmed a “hold” rating and issued a $149.00 price target (down from $182.00) on shares of Procter & Gamble in a report on Thursday, July 30th. Finally, Argus downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Friday, August 7th. Thirteen equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $161.55.

Procter & Gamble Stock Down 1.1%

Shares of PG traded down $1.63 during mid-day trading on Wednesday, reaching $146.69. The company had a trading volume of 1,753,827 shares, compared to its average volume of 9,676,446. The company has a market capitalization of $340.71 billion, a price-to-earnings ratio of 22.16, a price-to-earnings-growth ratio of 3.70 and a beta of 0.39. Procter & Gamble has a 52 week low of $137.62 and a 52 week high of $167.25. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.47 and a current ratio of 0.68. The firm has a 50-day moving average price of $145.91 and a 200 day moving average price of $146.14.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Wednesday, July 29th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.02. The business had revenue of $21.20 billion for the quarter, compared to analysts’ expectations of $21.38 billion. Procter & Gamble had a return on equity of 31.36% and a net margin of 18.44%.The firm’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.48 EPS. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. On average, sell-side analysts forecast that Procter & Gamble will post 6.99 EPS for the current year.

Insider Activity

In other news, CAO Matthew W. Janzaruk sold 359 shares of the business’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $145.24, for a total transaction of $52,141.16. Following the transaction, the chief accounting officer directly owned 1,271 shares in the company, valued at $184,600.04. The trade was a 22.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Susan Whaley sold 2,238 shares of the business’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $143.79, for a total transaction of $321,802.02. Following the transaction, the insider owned 26,989 shares in the company, valued at approximately $3,880,748.31. This trade represents a 7.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 6,627 shares of company stock valued at $953,417. Insiders own 0.23% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new position in Procter & Gamble during the second quarter worth about $27,862,105,000. State Street Corp increased its position in shares of Procter & Gamble by 1.0% in the second quarter. State Street Corp now owns 102,216,308 shares of the company’s stock worth $14,988,999,000 after acquiring an additional 965,461 shares in the last quarter. Bank of America Corp DE acquired a new stake in shares of Procter & Gamble in the second quarter worth $3,850,628,000. Franklin Resources Inc. grew its holdings in Procter & Gamble by 4.5% during the 4th quarter. Franklin Resources Inc. now owns 23,872,178 shares of the company’s stock valued at $3,421,122,000 after purchasing an additional 1,021,833 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in Procter & Gamble during the 2nd quarter valued at $2,281,505,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble Company Profile

The Procter & Gamble Company (NYSE: PG) is a consumer products company that develops, manufactures and markets branded products used in households and personal care routines. Its portfolio includes products in categories such as beauty, grooming, health care, fabric and home care, and family care.

Major brands associated with Procter & Gamble include Pampers, Tide, Gillette, Head & Shoulders, Pantene, Oral-B, Crest, Olay, Old Spice, Febreze, Mr. Clean, Swiffer and Bounty. The company sells its products through retailers, e-commerce platforms and other distribution channels.

Founded in Cincinnati, Ohio, in 1837 by William Procter and James Gamble, the company has grown into a global consumer goods business serving customers in markets around the world.