Procter & Gamble Company (The) (NYSE:PG) was upgraded by research analysts at Vetr from a “sell” rating to a “hold” rating in a research note issued to investors on Friday. The firm currently has a $93.02 price objective on the stock. Vetr‘s price target indicates a potential downside of 0.27% from the stock’s current price.

Other equities research analysts have also recently issued reports about the company. Zacks Investment Research upgraded Procter & Gamble Company (The) from a “hold” rating to a “buy” rating and set a $101.00 price target on the stock in a research report on Tuesday, August 1st. Jefferies Group LLC reiterated a “buy” rating and set a $98.00 price target on shares of Procter & Gamble Company (The) in a research report on Monday, July 17th. BidaskClub upgraded Procter & Gamble Company (The) from a “hold” rating to a “buy” rating in a research report on Saturday, August 19th. Capital One Financial Corporation cut Procter & Gamble Company (The) from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $5.00 to $2.00 in a research report on Thursday, June 22nd. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $80.00 price target on shares of Procter & Gamble Company (The) in a research report on Friday, June 30th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $89.39.

Procter & Gamble Company (PG) traded down 0.30% during trading on Friday, reaching $93.27. 12,428,828 shares of the company’s stock traded hands. The company’s 50 day moving average is $92.20 and its 200-day moving average is $89.60. Procter & Gamble Company has a 52-week low of $81.18 and a 52-week high of $94.19. The stock has a market cap of $237.84 billion, a price-to-earnings ratio of 16.68 and a beta of 0.68.

Procter & Gamble Company (The) (NYSE:PG) last announced its quarterly earnings results on Thursday, July 27th. The company reported $0.85 earnings per share for the quarter, beating the Thomson Reuters’ 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 analysts’ expectations of $16.01 billion. During the same period in the prior year, the business posted $0.79 earnings per share. The company’s revenue was down .1% on a year-over-year basis. On average, analysts anticipate that Procter & Gamble Company will post $4.17 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This piece was first reported by American Banking News and is the sole property of of American Banking News. If you are viewing this piece on another site, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2017/09/16/procter-gamble-company-the-pg-raised-to-hold-at-vetr-inc.html.

In related news, insider Suranjan Magesvaran sold 10,512 shares of the firm’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $91.00, for a total value of $956,592.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Valarie L. Sheppard sold 20,175 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $92.65, for a total value of $1,869,213.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 45,792 shares of company stock valued at $4,216,070. Insiders own 0.35% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in Procter & Gamble Company (The) by 2.3% in the second quarter. Vanguard Group Inc. now owns 180,730,770 shares of the company’s stock worth $15,750,688,000 after acquiring an additional 4,066,266 shares during the period. BlackRock Inc. lifted its stake in Procter & Gamble Company (The) by 1.4% in the second quarter. BlackRock Inc. now owns 156,361,011 shares of the company’s stock worth $13,626,862,000 after acquiring an additional 2,164,426 shares during the period. Trian Fund Management L.P. lifted its stake in Procter & Gamble Company (The) by 2.4% in the second quarter. Trian Fund Management L.P. now owns 37,612,012 shares of the company’s stock worth $3,277,887,000 after acquiring an additional 893,157 shares during the period. American Century Companies Inc. lifted its stake in Procter & Gamble Company (The) by 8.1% in the second quarter. American Century Companies Inc. now owns 12,490,795 shares of the company’s stock worth $1,088,573,000 after acquiring an additional 934,179 shares during the period. Finally, Capital Research Global Investors lifted its stake in Procter & Gamble Company (The) by 74.2% in the second quarter. Capital Research Global Investors now owns 12,389,104 shares of the company’s stock worth $1,079,710,000 after acquiring an additional 5,278,359 shares during the period. 59.33% of the stock is owned by institutional investors.

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.

To view Vetr’s full report, visit Vetr’s official website.

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

Receive News & Ratings for Procter & Gamble Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.