The Procter & Gamble Company (NYSE:PG) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of The Procter & Gamble Company (NYSE:PG) have been given an average recommendation of “Moderate Buy” by the twenty-three analysts that are presently covering the company, MarketBeat reports. Eight equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $177.00.

A number of research analysts have recently commented on the company. Stifel Nicolaus upped their price target on Procter & Gamble from $157.00 to $161.00 and gave the stock a “hold” rating in a report on Monday, July 22nd. Hsbc Global Res upgraded Procter & Gamble to a “strong-buy” rating in a report on Friday, October 4th. Citigroup upped their price target on Procter & Gamble from $177.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Dbs Bank lowered Procter & Gamble from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, DZ Bank upgraded Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 price target for the company in a report on Thursday, August 29th.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, CFO Andre Schulten sold 13,041 shares of the business’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $170.00, for a total value of $2,216,970.00. Following the transaction, the chief financial officer now owns 37,208 shares of the company’s stock, valued at approximately $6,325,360. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Procter & Gamble news, CFO Andre Schulten sold 13,041 shares of the business’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $170.00, for a total value of $2,216,970.00. Following the transaction, the chief financial officer now owns 37,208 shares of the company’s stock, valued at approximately $6,325,360. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Balaji Purushothaman sold 8,842 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $164.90, for a total value of $1,458,045.80. Following the completion of the transaction, the insider now directly owns 11,537 shares in the company, valued at approximately $1,902,451.30. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 397,986 shares of company stock worth $67,642,430 over the last three months. Company insiders own 0.18% of the company’s stock.

Hedge Funds Weigh In On Procter & Gamble

Several large investors have recently made changes to their positions in the company. Voisard Asset Management Group Inc. lifted its stake in shares of Procter & Gamble by 20.2% during the third quarter. Voisard Asset Management Group Inc. now owns 1,170 shares of the company’s stock valued at $203,000 after acquiring an additional 197 shares during the period. Cornerstone Wealth Group LLC lifted its stake in shares of Procter & Gamble by 2.2% during the third quarter. Cornerstone Wealth Group LLC now owns 53,264 shares of the company’s stock valued at $9,225,000 after acquiring an additional 1,124 shares during the period. Oak Harvest Investment Services lifted its stake in shares of Procter & Gamble by 15.7% during the third quarter. Oak Harvest Investment Services now owns 40,782 shares of the company’s stock valued at $7,063,000 after acquiring an additional 5,546 shares during the period. JFS Wealth Advisors LLC lifted its stake in shares of Procter & Gamble by 63.8% during the third quarter. JFS Wealth Advisors LLC now owns 29,239 shares of the company’s stock valued at $5,064,000 after acquiring an additional 11,385 shares during the period. Finally, SteelPeak Wealth LLC lifted its stake in Procter & Gamble by 65.0% in the third quarter. SteelPeak Wealth LLC now owns 73,947 shares of the company’s stock valued at $12,808,000 after buying an additional 29,141 shares during the period. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Stock Down 0.8 %

PG opened at $168.22 on Friday. The business has a 50 day moving average price of $171.92 and a 200 day moving average price of $167.46. Procter & Gamble has a twelve month low of $142.50 and a twelve month high of $177.94. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.75. The firm has a market cap of $396.16 billion, a P/E ratio of 29.13, a price-to-earnings-growth ratio of 3.67 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last posted its earnings results on Friday, October 18th. The company reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.03. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The firm had revenue of $21.74 billion during the quarter, compared to analyst estimates of $21.99 billion. During the same period in the previous year, the company earned $1.83 EPS. The company’s revenue for the quarter was down .6% on a year-over-year basis. Research analysts forecast that Procter & Gamble will post 6.94 EPS for the current year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 18th will be given a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend is Friday, October 18th. Procter & Gamble’s dividend payout ratio (DPR) is 69.48%.

About Procter & Gamble

The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, SK-II, and Native brands.