Procter & Gamble Co (NYSE:PG) Receives Consensus Rating of “Hold” from Analysts

Shares of Procter & Gamble Co (NYSE:PG) have been given an average recommendation of “Hold” by the twenty-three research firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $102.33.

A number of equities research analysts recently issued reports on the stock. Scotiabank reiterated a “buy” rating on shares of Procter & Gamble in a report on Friday, July 5th. Goldman Sachs Group upgraded shares of to a “neutral” rating and decreased their price objective for the stock from GBX 1,855 ($24.24) to GBX 1,800 ($23.52) in a report on Thursday, June 27th. Barclays decreased their price objective on shares of Waters from $218.00 to $210.00 and set an “equal weight” rating for the company in a report on Wednesday, April 24th. Zacks Investment Research cut shares of Hope Bancorp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 26th. Finally, UBS Group boosted their target price on shares of W. R. Berkley from $53.00 to $56.00 and gave the stock a “sell” rating in a research report on Wednesday, April 24th.

NYSE:PG traded up $0.04 during trading hours on Friday, reaching $115.93. The company’s stock had a trading volume of 4,709,798 shares, compared to its average volume of 6,875,999. The company has a market cap of $289.66 billion, a P/E ratio of 27.47, a price-to-earnings-growth ratio of 3.50 and a beta of 0.45. Procter & Gamble has a one year low of $77.54 and a one year high of $116.52. The business has a 50-day moving average of $110.27. The company has a current ratio of 0.79, a quick ratio of 0.60 and a debt-to-equity ratio of 0.39.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $1.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.02. The firm had revenue of $16.46 billion during the quarter, compared to analysts’ expectations of $16.37 billion. Procter & Gamble had a net margin of 16.44% and a return on equity of 21.61%. Procter & Gamble’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.00 earnings per share. Sell-side analysts forecast that Procter & Gamble will post 4.48 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Friday, July 19th will be given a dividend of $0.7459 per share. This represents a $2.98 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date of this dividend is Thursday, July 18th. Procter & Gamble’s dividend payout ratio is 70.62%.

In other news, Chairman David S. Taylor sold 23,045 shares of the company’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $107.95, for a total transaction of $2,487,707.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Valarie L. Sheppard sold 26,891 shares of the company’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $106.32, for a total transaction of $2,859,051.12. Following the transaction, the vice president now directly owns 51,323 shares of the company’s stock, valued at approximately $5,456,661.36. The disclosure for this sale can be found here. In the last three months, insiders have sold 320,840 shares of company stock valued at $33,904,086. Company insiders own 1.84% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Windsor Group LTD increased its stake in Procter & Gamble by 19.0% in the fourth quarter. Windsor Group LTD now owns 7,712 shares of the company’s stock valued at $709,000 after acquiring an additional 1,233 shares during the period. MERIAN GLOBAL INVESTORS UK Ltd increased its stake in Procter & Gamble by 15,168.2% in the fourth quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 2,936,221 shares of the company’s stock valued at $269,897,000 after acquiring an additional 2,916,990 shares during the period. Crossvault Capital Management LLC increased its stake in Procter & Gamble by 120.1% in the fourth quarter. Crossvault Capital Management LLC now owns 6,492 shares of the company’s stock valued at $597,000 after acquiring an additional 3,542 shares during the period. Radnor Capital Management LLC increased its stake in Procter & Gamble by 1.2% in the fourth quarter. Radnor Capital Management LLC now owns 60,503 shares of the company’s stock valued at $5,561,000 after acquiring an additional 735 shares during the period. Finally, MinichMacGregor Wealth Management LLC increased its stake in Procter & Gamble by 2,495.7% in the fourth quarter. MinichMacGregor Wealth Management LLC now owns 130,019 shares of the company’s stock valued at $11,829,000 after acquiring an additional 125,010 shares during the period. 62.24% of the stock is owned by institutional investors and hedge funds.

About Procter & Gamble

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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