Macquarie initiated coverage on shares of Procter & Gamble Company (The) (NYSE:PG) in a report issued on Thursday, The Fly reports. The brokerage set an “outperform” rating on the stock.

A number of other equities research analysts also recently issued reports on PG. Capital One Financial Corporation downgraded shares of Procter & Gamble Company (The) from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $5.00 to $2.00 in a research report on Thursday, June 22nd. Royal Bank Of Canada restated a “hold” rating and set a $80.00 price objective on shares of Procter & Gamble Company (The) in a research report on Friday, June 30th. Sanford C. Bernstein restated an “outperform” rating and set a $100.00 price objective (up from $98.00) on shares of Procter & Gamble Company (The) in a research report on Sunday, July 30th. Jefferies Group LLC restated a “buy” rating and set a $92.44 price objective (down from $103.00) on shares of Procter & Gamble Company (The) in a research report on Thursday, August 17th. Finally, BidaskClub upgraded Procter & Gamble Company (The) from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company. Procter & Gamble Company (The) currently has an average rating of “Hold” and a consensus price target of $88.10.

Procter & Gamble Company (NYSE:PG) traded up 0.05% during trading on Thursday, reaching $93.60. The company had a trading volume of 5,492,335 shares. The stock has a market capitalization of $238.68 billion, a price-to-earnings ratio of 16.74 and a beta of 0.68. Procter & Gamble Company has a 1-year low of $81.18 and a 1-year high of $94.19. The firm has a 50-day moving average of $92.13 and a 200-day moving average of $89.58.

Procter & Gamble Company (The) (NYSE:PG) last released its quarterly earnings results on Thursday, July 27th. The company reported $0.85 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.07. Procter & Gamble Company (The) had a return on equity of 19.97% and a net margin of 23.56%. The firm had revenue of $16.08 billion for the quarter, compared to analyst estimates of $16.01 billion. During the same quarter last year, the company posted $0.79 earnings per share. The business’s revenue was down .1% on a year-over-year basis. On average, analysts anticipate that Procter & Gamble Company will post $4.17 EPS for the current fiscal year.

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In related news, insider Mark F. Biegger sold 2,660 shares of Procter & Gamble Company (The) stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $92.04, for a total transaction of $244,826.40. Following the completion of the transaction, the insider now directly owns 23,133 shares of the company’s stock, valued at approximately $2,129,161.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Valarie L. Sheppard sold 20,175 shares of Procter & Gamble Company (The) stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $92.65, for a total transaction of $1,869,213.75. The disclosure for this sale can be found here. Insiders sold a total of 45,792 shares of company stock worth $4,216,070 over the last quarter. 0.35% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of PG. Asset Planning Services Ltd. grew its position in shares of Procter & Gamble Company (The) by 0.4% during the 2nd quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock worth $104,000 after buying an additional 5 shares during the period. Harding Loevner LP acquired a new position in Procter & Gamble Company (The) during the second quarter valued at approximately $119,000. Blume Capital Management Inc. grew its holdings in Procter & Gamble Company (The) by 25.4% during the second quarter. Blume Capital Management Inc. now owns 1,482 shares of the company’s stock valued at $129,000 after purchasing an additional 300 shares during the period. Riggs Asset Managment Co. Inc. grew its holdings in Procter & Gamble Company (The) by 11.9% during the first quarter. Riggs Asset Managment Co. Inc. now owns 1,603 shares of the company’s stock valued at $144,000 after purchasing an additional 170 shares during the period. Finally, Edge Wealth Management LLC grew its holdings in Procter & Gamble Company (The) by 17.1% during the first quarter. Edge Wealth Management LLC now owns 1,640 shares of the company’s stock valued at $148,000 after purchasing an additional 240 shares during the period. Hedge funds and other institutional investors own 59.33% of the company’s stock.

Procter & Gamble Company (The) Company Profile

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.

The Fly

Analyst Recommendations for Procter & Gamble Company (The) (NYSE:PG)

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