Procter & Gamble Company (The) (NYSE:PG)‘s stock had its “buy” rating restated by analysts at Jefferies Group LLC in a report released on Tuesday. They presently have a $104.00 price target on the stock. Jefferies Group LLC’s price objective suggests a potential upside of 12.90% from the company’s current price.

The analysts wrote, “We continue to see a favorable set-up for P&G’s shares following preliminary shareholder vote results today that denied Nelson Peltz a Board seat. While Trian plans to challenge the close result, the razor-thin margin suggests: (i) a decisive openness to Mr. Peltz’s ideas; and (ii) appetite for greater accountability from P&G’s Board. We see it likely that Mr. Peltz sticks around which should continue to raise the execution bar” at P&G.””

PG has been the topic of a number of other reports. Capital One Financial Corporation downgraded shares of Procter & Gamble Company (The) from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $5.00 to $2.00 in a report on Thursday, June 22nd. Royal Bank Of Canada reissued a “hold” rating and issued a $80.00 price target on shares of Procter & Gamble Company (The) in a report on Friday, June 30th. Vetr downgraded shares of Procter & Gamble Company (The) from a “hold” rating to a “sell” rating and set a $83.75 price target on the stock. in a report on Monday, July 3rd. Zacks Investment Research downgraded shares of Procter & Gamble Company (The) from a “buy” rating to a “hold” rating in a report on Friday, July 7th. Finally, BidaskClub downgraded shares of Procter & Gamble Company (The) from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have issued a buy rating to the company. Procter & Gamble Company (The) has an average rating of “Hold” and a consensus price target of $90.00.

Shares of Procter & Gamble Company (PG) traded down 0.54% during mid-day trading on Tuesday, reaching $91.62. 16,370,825 shares of the company’s stock were exchanged. Procter & Gamble Company has a 52-week low of $81.18 and a 52-week high of $94.67. The company’s 50-day moving average price is $92.60 and its 200 day moving average price is $89.74. The company has a market cap of $233.63 billion, a PE ratio of 16.38 and a beta of 0.67.

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

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In other Procter & Gamble Company (The) news, insider Mark F. Biegger sold 2,660 shares of the stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $92.04, for a total transaction of $244,826.40. Following the transaction, the insider now directly owns 23,133 shares in the company, valued at $2,129,161.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Vice Chairman Jon R. Moeller sold 6,063 shares of the stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $92.04, for a total transaction of $558,038.52. Following the transaction, the insider now owns 120,734 shares in the company, valued at $11,112,357.36. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 45,792 shares of company stock worth $4,216,070. 0.35% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Asset Planning Services Ltd. grew its position in Procter & Gamble Company (The) by 79.7% during the first quarter. Asset Planning Services Ltd. now owns 1,186 shares of the company’s stock valued at $107,000 after acquiring an additional 526 shares during the last quarter. Harding Loevner LP bought a new position in Procter & Gamble Company (The) during the second quarter valued at approximately $119,000. Blume Capital Management Inc. grew its position 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 acquiring an additional 300 shares during the last quarter. Riggs Asset Managment Co. Inc. grew its position 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 acquiring an additional 170 shares during the last quarter. Finally, Feltz Wealth PLAN Inc. bought a new position in Procter & Gamble Company (The) during the first quarter valued at approximately $184,000. Institutional investors and hedge funds own 59.30% 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.

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

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