Procter & Gamble’s (PG) Hold Rating Reiterated at TD Cowen

TD Cowen reissued their hold rating on shares of Procter & Gamble (NYSE:PG) in a research report released on Wednesday,Benzinga reports. They currently have a $150.00 price objective on the stock.

PG has been the topic of a number of other research reports. Sanford C. Bernstein reissued a “market perform” rating and set a $149.00 target price on shares of Procter & Gamble in a report on Monday, August 24th. Jefferies Financial Group lifted their price target on Procter & Gamble from $177.00 to $179.00 and gave the company a “buy” rating in a research report on Friday, June 26th. HSBC reiterated a “hold” rating and set a $149.00 price objective (down from $182.00) on shares of Procter & Gamble in a research note on Thursday, July 30th. JPMorgan Chase & Co. dropped their price objective on Procter & Gamble from $164.00 to $162.00 and set an “overweight” rating on the stock in a report on Thursday, July 16th. Finally, Barclays raised their target price on Procter & Gamble from $146.00 to $152.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 21st. Thirteen equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, Procter & Gamble presently has a consensus rating of “Moderate Buy” and a consensus target price of $161.55.

Procter & Gamble Price Performance

Shares of NYSE:PG opened at $144.92 on Wednesday. The firm has a market capitalization of $336.60 billion, a PE ratio of 21.89, a P/E/G ratio of 3.58 and a beta of 0.39. The company has a quick ratio of 0.47, a current ratio of 0.68 and a debt-to-equity ratio of 0.43. The company has a 50-day moving average price of $145.73 and a two-hundred day moving average price of $146.05. Procter & Gamble has a twelve month low of $137.62 and a twelve month high of $167.25.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.02. The company had revenue of $21.20 billion for the quarter, compared to analyst estimates of $21.38 billion. Procter & Gamble had a net margin of 18.44% and a return on equity of 31.36%. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.48 earnings per share. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. Equities analysts forecast that Procter & Gamble will post 6.98 EPS for the current year.

Procter & Gamble Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Friday, July 24th were given a dividend of $1.0885 per share. The ex-dividend date was Friday, July 24th. This represents a $4.35 annualized dividend and a yield of 3.0%. Procter & Gamble’s payout ratio is presently 65.71%.

Insiders Place Their Bets

In other news, insider Susan Whaley sold 2,238 shares of the stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $143.79, for a total value of $321,802.02. Following the transaction, the insider owned 26,989 shares of the company’s stock, valued at $3,880,748.31. This represents a 7.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Marc Pritchard sold 4,030 shares of the firm’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $143.79, for a total transaction of $579,473.70. Following the sale, the insider owned 187,001 shares in the company, valued at approximately $26,888,873.79. This trade represents a 2.11% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 6,627 shares of company stock valued at $953,417 in the last quarter. Corporate insiders own 0.23% of the company’s stock.

Institutional Investors Weigh In On Procter & Gamble

A number of large investors have recently added to or reduced their stakes in the company. Greenwich Wealth Management LLC grew its holdings in shares of Procter & Gamble by 5.4% during the 2nd quarter. Greenwich Wealth Management LLC now owns 6,786 shares of the company’s stock valued at $995,000 after purchasing an additional 350 shares during the last quarter. QRG Capital Management Inc. lifted its stake in Procter & Gamble by 8.2% in the second quarter. QRG Capital Management Inc. now owns 370,300 shares of the company’s stock worth $54,301,000 after purchasing an additional 28,048 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in Procter & Gamble by 18.2% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 175,489 shares of the company’s stock valued at $25,724,000 after buying an additional 26,959 shares during the period. State Street Corp boosted its position in Procter & Gamble by 1.0% during the second quarter. State Street Corp now owns 102,216,308 shares of the company’s stock valued at $14,988,999,000 after buying an additional 965,461 shares during the period. Finally, Security National Bank of Sioux City Iowa IA bought a new position in shares of Procter & Gamble during the second quarter valued at about $177,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

About Procter & Gamble

The Procter & Gamble Company (NYSE: PG) is a consumer products company that develops, manufactures and markets branded products used in households and personal care routines. Its portfolio includes products in categories such as beauty, grooming, health care, fabric and home care, and family care.

Major brands associated with Procter & Gamble include Pampers, Tide, Gillette, Head & Shoulders, Pantene, Oral-B, Crest, Olay, Old Spice, Febreze, Mr. Clean, Swiffer and Bounty. The company sells its products through retailers, e-commerce platforms and other distribution channels.

Founded in Cincinnati, Ohio, in 1837 by William Procter and James Gamble, the company has grown into a global consumer goods business serving customers in markets around the world.