Procter & Gamble Co. (PG) Receives Average Recommendation of “Buy” from Analysts
Shares of Procter & Gamble Co. (NYSE:PG) have received an average rating of “Buy” from the twenty-six analysts that are currently covering the company. Eleven investment analysts have rated the stock with a hold recommendation and fifteen have issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $92.80.
PG has been the topic of a number of research analyst reports. B. Riley raised shares of Procter & Gamble Co. to a “buy” rating and set a $105.00 price objective on the stock in a research report on Saturday, August 20th. Stifel Nicolaus set a $93.00 price objective on shares of Procter & Gamble Co. and gave the company a “buy” rating in a research report on Wednesday, August 3rd. JPMorgan Chase & Co. set a $99.00 target price on shares of Procter & Gamble Co. and gave the stock a “buy” rating in a research report on Wednesday, August 3rd. Citigroup Inc. upped their target price on shares of Procter & Gamble Co. from $92.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday, August 4th. Finally, Deutsche Bank AG upped their target price on shares of Procter & Gamble Co. from $92.00 to $95.00 and gave the stock a “buy” rating in a research report on Wednesday, August 3rd.
Procter & Gamble Co. (NYSE:PG) traded down 0.416% on Wednesday, hitting $82.545. 5,629,824 shares of the company’s stock were exchanged. Procter & Gamble Co. has a 52-week low of $74.46 and a 52-week high of $90.33. The stock has a market cap of $220.89 billion, a P/E ratio of 22.018 and a beta of 0.62. The firm has a 50 day moving average price of $85.51 and a 200-day moving average price of $85.44.
Procter & Gamble Co. (NYSE:PG) last posted its quarterly earnings results on Tuesday, October 25th. The company reported $1.03 EPS for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.05. Procter & Gamble Co. had a net margin of 16.27% and a return on equity of 17.95%. The company earned $16.50 billion during the quarter, compared to analyst estimates of $16.49 billion. During the same period in the prior year, the business posted $0.98 EPS. The firm’s revenue was down .1% compared to the same quarter last year. Analysts predict that Procter & Gamble Co. will post $3.89 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, November 15th. Shareholders of record on Friday, October 21st were paid a dividend of $0.6695 per share. This represents a $2.68 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date was Wednesday, October 19th. Procter & Gamble Co.’s payout ratio is 71.66%.
In other Procter & Gamble Co. news, insider Price Matthew sold 3,081 shares of the stock in a transaction that occurred on Wednesday, November 2nd. The shares were sold at an average price of $86.90, for a total transaction of $267,738.90. Following the completion of the sale, the insider now directly owns 14,962 shares of the company’s stock, valued at approximately $1,300,197.80. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Juan Fernando Posada sold 3,501 shares of the stock in a transaction that occurred on Wednesday, September 28th. The shares were 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 of the company’s stock, valued at $1,785,793.50. The disclosure for this sale can be found here. Company insiders own 0.35% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Cohen & Steers Inc. raised its position 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. The Manufacturers Life Insurance Company acquired a new position in Procter & Gamble Co. during the third quarter worth $728,447,000. Emerald Acquisition Ltd. acquired a new position in Procter & Gamble Co. during the second quarter worth $426,390,000. Vanguard Group Inc. raised its position 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 worth $14,218,321,000 after buying an additional 3,029,476 shares during the period. Finally, BNP Paribas Arbitrage SA raised its position 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 worth $391,947,000 after buying an additional 2,905,755 shares during the period. 67.27% of the stock is owned by institutional investors and hedge funds.
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About Procter & Gamble Co.
The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.
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