Procter & Gamble (PG) Now Covered by Analysts at Deutsche Bank
Equities researchers at Deutsche Bank started coverage on shares of Procter & Gamble (NYSE:PG) in a note issued to investors on Wednesday, The Fly reports. The firm set a “buy” rating on the stock.
A number of other brokerages have also recently commented on PG. Jefferies Group reiterated a “buy” rating and issued a $92.44 price target (down from $103.00) on shares of Procter & Gamble in a research note on Thursday, August 17th. BidaskClub upgraded Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Saturday, August 19th. Vetr upgraded Procter & Gamble from a “hold” rating to a “buy” rating and set a $93.02 price target for the company in a research note on Monday, October 23rd. Bank of America increased their price target on Procter & Gamble from $98.00 to $100.00 and gave the company a “buy” rating in a research note on Tuesday, September 19th. Finally, Stifel Nicolaus set a $87.00 price target on Procter & Gamble and gave the company a “hold” rating in a research note on Friday, October 20th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company. Procter & Gamble currently has a consensus rating of “Hold” and an average price target of $87.81.
Procter & Gamble (NYSE PG) traded up $1.03 during midday trading on Wednesday, reaching $90.88. The company’s stock had a trading volume of 7,140,716 shares, compared to its average volume of 7,359,131. The company has a quick ratio of 0.75, a current ratio of 0.91 and a debt-to-equity ratio of 0.37. Procter & Gamble has a 12-month low of $83.24 and a 12-month high of $94.67. The company has a market capitalization of $228,909.73, a PE ratio of 22.67, a PEG ratio of 2.90 and a beta of 0.67.
Procter & Gamble (NYSE:PG) last released its earnings results on Friday, October 20th. The company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.02. Procter & Gamble had a return on equity of 20.35% and a net margin of 23.72%. The firm had revenue of $16.65 billion during the quarter, compared to analysts’ expectations of $16.69 billion. During the same period in the prior year, the company earned $1.03 earnings per share. The company’s quarterly revenue was up .8% on a year-over-year basis. equities research analysts expect that Procter & Gamble will post 4.17 earnings per share for the current year.
In related news, insider Carolyn M. Tastad sold 5,300 shares of the stock in a transaction on Monday, November 13th. The stock was sold at an average price of $89.18, for a total value of $472,654.00. Following the completion of the sale, the insider now directly owns 57,191 shares in the company, valued at $5,100,293.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Marylynn Fergusonmchugh sold 4,363 shares of the stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $87.00, for a total value of $379,581.00. Following the sale, the insider now owns 85,495 shares of the company’s stock, valued at $7,438,065. The disclosure for this sale can be found here. Insiders sold 21,575 shares of company stock valued at $1,927,095 over the last 90 days. 0.35% of the stock is currently owned by company insiders.
Institutional investors have recently modified their holdings of the business. Asset Planning Services Ltd. boosted its position in shares of Procter & Gamble 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 purchasing an additional 5 shares in the last quarter. Harding Loevner LP bought a new position in shares of Procter & Gamble during the 2nd quarter worth about $119,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of Procter & Gamble during the 3rd quarter worth about $125,000. Blume Capital Management Inc. boosted its position in shares of Procter & Gamble by 25.4% during the 2nd quarter. Blume Capital Management Inc. now owns 1,482 shares of the company’s stock worth $129,000 after purchasing an additional 300 shares in the last quarter. Finally, Riggs Asset Managment Co. Inc. boosted its position in shares of Procter & Gamble by 11.9% during the 1st quarter. Riggs Asset Managment Co. Inc. now owns 1,603 shares of the company’s stock worth $144,000 after purchasing an additional 170 shares in the last quarter. Hedge funds and other institutional investors own 59.54% of the company’s stock.
Procter & Gamble 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.
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