Procter & Gamble (PG) Earns “Hold” Rating from TD Securities

Procter & Gamble (NYSE:PG)‘s stock had its “hold” rating reissued by equities researchers at TD Securities in a research note issued to investors on Thursday.

A number of other analysts also recently issued reports on PG. Zacks Investment Research raised Procter & Gamble from a “sell” rating to a “hold” rating in a report on Wednesday, October 24th. ValuEngine raised Procter & Gamble from a “hold” rating to a “buy” rating in a report on Wednesday, October 24th. Stifel Nicolaus reaffirmed a “hold” rating and set a $87.00 price target on shares of Procter & Gamble in a report on Monday, October 22nd. Deutsche Bank lifted their price target on Procter & Gamble from $81.00 to $84.00 and gave the stock a “hold” rating in a report on Wednesday, August 1st. Finally, Wells Fargo & Co reaffirmed a “hold” rating on shares of Procter & Gamble in a report on Tuesday, July 31st. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $88.38.

Shares of NYSE PG opened at $92.41 on Thursday. The stock has a market cap of $230.14 billion, a price-to-earnings ratio of 21.90, a price-to-earnings-growth ratio of 2.99 and a beta of 0.37. The company has a quick ratio of 0.62, a current ratio of 0.80 and a debt-to-equity ratio of 0.40. Procter & Gamble has a 1 year low of $70.73 and a 1 year high of $93.14.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Friday, October 19th. The company reported $1.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.09 by $0.03. The company had revenue of $16.69 billion during the quarter, compared to the consensus estimate of $16.45 billion. Procter & Gamble had a return on equity of 21.20% and a net margin of 15.10%. Procter & Gamble’s revenue for the quarter was up .2% on a year-over-year basis. During the same period in the previous year, the business earned $1.09 EPS. On average, equities research analysts expect that Procter & Gamble will post 4.41 EPS for the current fiscal year.

In related news, insider Deborah P. Majoras sold 1,980 shares of the business’s stock in a transaction dated Monday, August 13th. The stock was sold at an average price of $81.35, for a total value of $161,073.00. Following the transaction, the insider now owns 50,074 shares in the company, valued at approximately $4,073,519.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman Jon R. Moeller sold 2,873 shares of the business’s stock in a transaction dated Monday, August 13th. The shares were sold at an average price of $81.35, for a total value of $233,718.55. Following the completion of the transaction, the insider now owns 113,638 shares in the company, valued at approximately $9,244,451.30. The disclosure for this sale can be found here. Insiders sold a total of 153,302 shares of company stock worth $13,438,363 in the last 90 days. 1.84% of the stock is currently owned by insiders.

A number of hedge funds have recently modified their holdings of PG. Bank of New York Mellon Corp boosted its holdings in Procter & Gamble by 5,578,292.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 24,377,577 shares of the company’s stock valued at $2,028,947,000 after purchasing an additional 24,377,140 shares in the last quarter. Phocas Financial Corp. boosted its holdings in Procter & Gamble by 99,943.2% in the 2nd quarter. Phocas Financial Corp. now owns 7,573,274 shares of the company’s stock valued at $591,000 after purchasing an additional 7,565,704 shares in the last quarter. Franklin Resources Inc. boosted its holdings in Procter & Gamble by 63.1% in the 1st quarter. Franklin Resources Inc. now owns 11,150,063 shares of the company’s stock valued at $883,964,000 after purchasing an additional 4,315,180 shares in the last quarter. BlackRock Inc. boosted its holdings in Procter & Gamble by 2.2% in the 2nd quarter. BlackRock Inc. now owns 166,150,277 shares of the company’s stock valued at $12,969,690,000 after purchasing an additional 3,551,051 shares in the last quarter. Finally, Charles Schwab Investment Advisory Inc. purchased a new stake in Procter & Gamble in the 2nd quarter valued at approximately $241,094,000. Hedge funds and other institutional investors own 58.54% of the company’s stock.

Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.

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Analyst Recommendations for Procter & Gamble (NYSE:PG)

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