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

Procter & Gamble Co (NYSE:PG) has received an average recommendation of “Hold” from the twenty-five brokerages that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $108.47.

PG has been the subject of several research reports. Goldman Sachs Group raised shares of Procter & Gamble from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $114.00 to $125.00 in a research note on Thursday, June 27th. TheStreet cut shares of Procter & Gamble from an “a-” rating to a “c+” rating in a research note on Tuesday, July 30th. Royal Bank of Canada reissued a “neutral” rating and set a $89.00 price objective on shares of Procter & Gamble in a research note on Tuesday, July 30th. Credit Suisse Group boosted their price objective on shares of Procter & Gamble from $108.00 to $117.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Finally, DZ Bank reissued a “sell” rating on shares of Procter & Gamble in a research note on Wednesday, April 24th.

In other news, VP Valarie L. Sheppard sold 17,000 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $120.20, for a total value of $2,043,400.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Ioannis Skoufalos sold 20,761 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $106.68, for a total transaction of $2,214,783.48. Following the completion of the sale, the insider now owns 37,196 shares in the company, valued at approximately $3,968,069.28. The disclosure for this sale can be found here. Over the last three months, insiders sold 201,623 shares of company stock valued at $22,487,930. 1.84% of the stock is currently owned by corporate insiders.

Institutional investors have recently modified their holdings of the company. MinichMacGregor Wealth Management LLC grew its position 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 worth $11,829,000 after acquiring an additional 125,010 shares during the period. Vanguard Capital Wealth Advisors boosted its position in shares of Procter & Gamble by 13.7% during the fourth quarter. Vanguard Capital Wealth Advisors now owns 9,200 shares of the company’s stock worth $845,000 after buying an additional 1,111 shares during the period. Cooper Financial Group purchased a new position in shares of Procter & Gamble during the fourth quarter worth $282,000. Nadler Financial Group Inc. boosted its position in shares of Procter & Gamble by 3.5% during the fourth quarter. Nadler Financial Group Inc. now owns 3,932 shares of the company’s stock worth $361,000 after buying an additional 134 shares during the period. Finally, Douglas Lane & Associates LLC boosted its position in shares of Procter & Gamble by 0.7% during the fourth quarter. Douglas Lane & Associates LLC now owns 31,175 shares of the company’s stock worth $2,866,000 after buying an additional 202 shares during the period. Institutional investors and hedge funds own 62.17% of the company’s stock.

PG traded down $0.66 during trading on Tuesday, hitting $116.78. The company’s stock had a trading volume of 6,527,521 shares, compared to its average volume of 8,928,217. The business has a 50 day simple moving average of $114.02. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.58 and a current ratio of 0.75. The stock has a market cap of $293.87 billion, a PE ratio of 25.84, a PEG ratio of 3.40 and a beta of 0.45. Procter & Gamble has a twelve month low of $78.49 and a twelve month high of $121.76.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $1.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.04. Procter & Gamble had a return on equity of 23.03% and a net margin of 5.76%. The company had revenue of $17.09 billion during the quarter, compared to the consensus estimate of $16.86 billion. During the same period in the previous year, the firm posted $0.94 EPS. Procter & Gamble’s revenue was up 3.6% on a year-over-year basis. As a group, research analysts expect that Procter & Gamble will post 4.84 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Friday, July 19th will be given a $0.7459 dividend. The ex-dividend date is Thursday, July 18th. This represents a $2.98 dividend on an annualized basis and a yield of 2.55%. Procter & Gamble’s payout ratio is currently 65.93%.

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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