Procter & Gamble Company (The) (PG) Given Average Recommendation of “Hold” by Analysts
Shares of Procter & Gamble Company (The) (NYSE:PG) have been assigned an average recommendation of “Hold” from the twenty-one ratings firms that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $87.90.
A number of research analysts recently issued reports on the company. Jefferies Group restated a “buy” rating and set a $92.44 price target (down previously from $103.00) on shares of Procter & Gamble in a report on Thursday, August 17th. BidaskClub upgraded Procter & Gamble from a “hold” rating to a “buy” rating in a report on Saturday, August 19th. Vetr upgraded Procter & Gamble from a “hold” rating to a “buy” rating and set a $93.02 price target on the stock in a report on Monday, October 23rd. Deutsche Bank assumed coverage on Procter & Gamble in a report on Wednesday. They set a “buy” rating on the stock. Finally, Bank of America boosted their price target on Procter & Gamble from $98.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday, September 19th.
Procter & Gamble (PG) opened at $90.88 on Thursday. Procter & Gamble has a twelve month low of $83.24 and a twelve month high of $94.67. The stock has a market capitalization of $227,945.67, a PE ratio of 22.58, a P/E/G ratio of 2.89 and a beta of 0.67. The company has a current ratio of 0.91, a quick ratio of 0.75 and a debt-to-equity ratio of 0.37.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Friday, October 20th were issued a dividend of $0.6896 per share. The ex-dividend date was Thursday, October 19th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.04%. Procter & Gamble’s dividend payout ratio (DPR) is 48.51%.
In other news, insider Carolyn M. Tastad sold 5,300 shares of the business’s stock in a transaction that occurred 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 sale, the insider now directly owns 57,191 shares of the company’s stock, valued at approximately $5,100,293.38. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Marylynn Fergusonmchugh sold 2,856 shares of the business’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $92.98, for a total value of $265,550.88. The disclosure for this sale can be found here. Insiders have sold a total of 21,575 shares of company stock worth $1,927,095 in the last quarter. Company insiders own 0.35% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. Polaris Greystone Financial Group LLC lifted its position in Procter & Gamble by 0.8% in the 1st quarter. Polaris Greystone Financial Group LLC now owns 35,610 shares of the company’s stock valued at $3,200,000 after acquiring an additional 287 shares in the last quarter. Whittier Trust Co. lifted its position in Procter & Gamble by 1.3% in the 1st quarter. Whittier Trust Co. now owns 285,883 shares of the company’s stock valued at $25,686,000 after acquiring an additional 3,787 shares in the last quarter. North Star Investment Management Corp. lifted its position in Procter & Gamble by 3.2% in the 1st quarter. North Star Investment Management Corp. now owns 44,576 shares of the company’s stock valued at $4,005,000 after acquiring an additional 1,377 shares in the last quarter. Tufton Capital Management lifted its position in Procter & Gamble by 0.5% in the 1st quarter. Tufton Capital Management now owns 111,997 shares of the company’s stock valued at $10,063,000 after acquiring an additional 558 shares in the last quarter. Finally, Biondo Investment Advisors LLC lifted its position in Procter & Gamble by 18.0% in the 1st quarter. Biondo Investment Advisors LLC now owns 3,275 shares of the company’s stock valued at $277,000 after acquiring an additional 500 shares in the last quarter. 59.54% of the stock is currently owned by hedge funds and other institutional investors.
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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