Procter & Gamble Co. (NYSE:PG) Given Consensus Rating of “Buy” by Brokerages
Shares of Procter & Gamble Co. (NYSE:PG) have earned an average rating of “Buy” from the twenty-six research firms that are covering the company. Ten research analysts have rated the stock with a hold recommendation and fifteen have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $91.30.
Several research firms have recently issued reports on PG. Goldman Sachs Group Inc. reissued a “neutral” rating and issued a $88.00 price target (up previously from $81.00) on shares of Procter & Gamble Co. in a research note on Friday, July 15th. Jefferies Group began coverage on Procter & Gamble Co. in a report on Wednesday, June 15th. They issued a “buy” rating and a $95.00 price objective for the company. Deutsche Bank AG restated a “buy” rating and issued a $95.00 price objective on shares of Procter & Gamble Co. in a report on Saturday, August 13th. B. Riley reaffirmed a “neutral” rating and set a $74.00 target price on shares of Procter & Gamble Co. in a report on Wednesday, August 3rd. Finally, Johnson Rice raised Procter & Gamble Co. from an “accumulate” rating to a “buy” rating in a report on Friday, August 26th.
In related news, insider Charles E. Pierce sold 55,127 shares of the stock in a transaction on Friday, August 5th. The stock was sold at an average price of $86.07, for a total value of $4,744,780.89. Following the completion of the sale, the insider now directly owns 60,632 shares in the company, valued at $5,218,596.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ciserani Giovanni sold 25,166 shares of the stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $86.26, for a total value of $2,170,819.16. Following the completion of the sale, the insider now owns 15,776 shares of the company’s stock, valued at $1,360,837.76. The disclosure for this sale can be found here. 0.35% of the stock is owned by corporate insiders.
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A number of hedge funds have recently bought and sold shares of the stock. Cohen & Steers Inc. increased 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 last quarter. Emerald Acquisition Ltd. acquired a new stake in shares of Procter & Gamble Co. during the second quarter worth $426,390,000. Vanguard Group Inc. increased its stake in shares of 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 last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of 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 worth $821,325,000 after buying an additional 2,454,215 shares during the last quarter. Finally, Bank of Montreal Can acquired a new stake in shares of Procter & Gamble Co. during the second quarter worth $201,298,000. Institutional investors and hedge funds own 58.75% of the company’s stock.
Procter & Gamble Co. (NYSE:PG) traded up 0.379% during midday trading on Tuesday, reaching $88.705. The company’s stock had a trading volume of 11,288,412 shares. The company has a market capitalization of $236.73 billion, a price-to-earnings ratio of 24.013 and a beta of 0.51. Procter & Gamble Co. has a 1-year low of $69.74 and a 1-year high of $88.95. The company’s 50-day moving average price is $87.21 and its 200-day moving average price is $83.94.
Procter & Gamble Co. (NYSE:PG) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.79 EPS for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.05. The firm earned $16.10 billion during the quarter, compared to the consensus estimate of $15.83 billion. Procter & Gamble Co. had a return on equity of 17.48% and a net margin of 16.09%. The firm’s revenue was down 2.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.00 EPS. On average, analysts predict that Procter & Gamble Co. will post $0.02 earnings per share for the current fiscal year.
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.
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