Brokerages Set Procter & Gamble Co (PG) PT at $87.70

Procter & Gamble Co (NYSE:PG) has been given an average rating of “Hold” by the twenty-one brokerages that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, fourteen have assigned a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $88.47.

PG has been the topic of a number of research reports. Jefferies Financial Group restated a “hold” rating and set a $86.00 target price on shares of Procter & Gamble in a research report on Friday. Zacks Investment Research upgraded shares of Procter & Gamble from a “sell” rating to a “hold” rating in a research report on Wednesday, October 24th. ValuEngine upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Wednesday, October 24th. TD Securities restated a “hold” rating on shares of Procter & Gamble in a research report on Thursday. Finally, Stifel Nicolaus restated a “hold” rating and set a $87.00 target price on shares of Procter & Gamble in a research report on Monday, October 22nd.

In other news, CEO David S. Taylor sold 63,113 shares of the company’s stock in a transaction dated Friday, November 9th. The stock was sold at an average price of $91.68, for a total value of $5,786,199.84. Following the completion of the sale, the chief executive officer now directly owns 226,393 shares of the company’s stock, valued at approximately $20,755,710.24. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Carolyn M. Tastad sold 4,181 shares of the company’s stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $83.52, for a total value of $349,197.12. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 153,302 shares of company stock valued at $13,438,363. 1.84% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Blue Fin Capital Inc. increased its stake in Procter & Gamble by 4.7% during the 2nd quarter. Blue Fin Capital Inc. now owns 16,125 shares of the company’s stock worth $1,259,000 after purchasing an additional 717 shares in the last quarter. IHT Wealth Management LLC increased its stake in Procter & Gamble by 6.1% during the 1st quarter. IHT Wealth Management LLC now owns 16,982 shares of the company’s stock worth $1,314,000 after purchasing an additional 981 shares in the last quarter. Cypress Capital Management LLC increased its stake in Procter & Gamble by 12.6% during the 2nd quarter. Cypress Capital Management LLC now owns 141,219 shares of the company’s stock worth $11,024,000 after purchasing an additional 15,785 shares in the last quarter. Garland Capital Management Inc. increased its stake in Procter & Gamble by 1.3% during the 2nd quarter. Garland Capital Management Inc. now owns 57,592 shares of the company’s stock worth $4,495,000 after purchasing an additional 730 shares in the last quarter. Finally, Park National Corp OH increased its stake in Procter & Gamble by 4.1% during the 2nd quarter. Park National Corp OH now owns 434,144 shares of the company’s stock worth $33,889,000 after purchasing an additional 16,931 shares in the last quarter. 58.54% of the stock is owned by institutional investors and hedge funds.

NYSE PG traded up $1.05 on Friday, hitting $92.41. 10,693,089 shares of the company were exchanged, compared to its average volume of 13,488,653. The company has a market cap of $230.70 billion, a price-to-earnings ratio of 21.90, a price-to-earnings-growth ratio of 3.00 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 issued its quarterly earnings results on Friday, October 19th. The company reported $1.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.03. The business had revenue of $16.69 billion for the quarter, compared to the consensus estimate of $16.45 billion. Procter & Gamble had a net margin of 15.10% and a return on equity of 21.20%. The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.09 EPS. On average, equities analysts expect that Procter & Gamble will post 4.41 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Friday, October 19th will be paid a $0.7172 dividend. The ex-dividend date of this dividend is Thursday, October 18th. This represents a $2.87 dividend on an annualized basis and a dividend yield of 3.10%. Procter & Gamble’s dividend payout ratio (DPR) is presently 68.01%.

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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