Procter & Gamble Company (The)’s (PG) Hold Rating Reaffirmed at Stifel Nicolaus

Stifel Nicolaus reiterated their hold rating on shares of Procter & Gamble Company (The) (NYSE:PG) in a report issued on Sunday, July 30th. They currently have a $90.00 price target on the stock, up from their previous price target of $87.00.

Other equities research analysts have also issued research reports about the stock. Jefferies Group LLC reiterated a buy rating and set a $98.00 price objective on shares of Procter & Gamble Company (The) in a report on Monday, July 17th. UBS AG reiterated a buy rating and set a $102.00 price objective (down previously from $104.00) on shares of Procter & Gamble Company (The) in a report on Friday, April 28th. Vetr upgraded shares of Procter & Gamble Company (The) from a hold rating to a buy rating and set a $94.67 price objective for the company in a report on Wednesday, April 26th. Capital One Financial Corporation lowered shares of Procter & Gamble Company (The) from an overweight rating to an equal weight rating and decreased their price objective for the company from $5.00 to $2.00 in a report on Thursday, June 22nd. Finally, Royal Bank Of Canada reiterated a hold rating and set a $80.00 price objective on shares of Procter & Gamble Company (The) in a report on Monday, April 24th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company. Procter & Gamble Company (The) currently has an average rating of Hold and a consensus target price of $87.48.

Procter & Gamble Company (NYSE PG) opened at 92.47 on Friday. The company’s 50 day moving average is $89.57 and its 200 day moving average is $89.11. Procter & Gamble Company has a 12 month low of $81.18 and a 12 month high of $92.95. The stock has a market cap of $235.80 billion, a PE ratio of 16.53 and a beta of 0.68.

Procter & Gamble Company (The) (NYSE:PG) last announced its quarterly earnings data on Thursday, July 27th. The company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.07. Procter & Gamble Company (The) had a net margin of 23.56% and a return on equity of 19.97%. The company had revenue of $16.08 billion during the quarter, compared to analyst estimates of $16.01 billion. During the same quarter last year, the business posted $0.79 EPS. The firm’s revenue for the quarter was down .1% on a year-over-year basis. On average, analysts anticipate that Procter & Gamble Company will post $4.17 EPS for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Friday, July 21st were given a $0.6896 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date of this dividend was Wednesday, July 19th. Procter & Gamble Company (The)’s payout ratio is currently 49.37%.

In other Procter & Gamble Company (The) news, insider Suranjan Magesvaran sold 10,512 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $91.00, for a total transaction of $956,592.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO David S. Taylor sold 6,382 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $92.04, for a total transaction of $587,399.28. Following the sale, the chief executive officer now directly owns 134,884 shares in the company, valued at approximately $12,414,723.36. The disclosure for this sale can be found here. In the last ninety days, insiders sold 127,032 shares of company stock worth $11,130,014. Insiders own 0.35% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in PG. Toronto Dominion Bank increased its stake in Procter & Gamble Company (The) by 18.1% in the second quarter. Toronto Dominion Bank now owns 1,074,334 shares of the company’s stock valued at $93,636,000 after buying an additional 164,371 shares in the last quarter. Family Management Corp bought a new stake in Procter & Gamble Company (The) during the second quarter valued at $2,767,000. Cetera Investment Advisers increased its stake in Procter & Gamble Company (The) by 2.1% in the second quarter. Cetera Investment Advisers now owns 22,307 shares of the company’s stock valued at $1,945,000 after buying an additional 453 shares in the last quarter. Advisory Services Network LLC increased its stake in Procter & Gamble Company (The) by 2.5% in the second quarter. Advisory Services Network LLC now owns 44,534 shares of the company’s stock valued at $3,881,000 after buying an additional 1,073 shares in the last quarter. Finally, Afam Capital Inc. bought a new stake in Procter & Gamble Company (The) during the second quarter valued at $213,000. 59.48% of the stock is currently owned by institutional investors.

Procter & Gamble Company (The) Company Profile

The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.

Analyst Recommendations for Procter & Gamble Company (The) (NYSE:PG)

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