The Procter & Gamble Company (NYSE:PG) receives an average “buy” recommendation from analysts
The Procter & Gamble Company (NYSE: PG – Get a rating) earned a consensus “Buy” rating from the eighteen brokerages that currently cover the company, Marketbeat reports. One research analyst rated the stock with a sell recommendation, six gave the company a hold recommendation and nine gave the company a buy recommendation. The 12-month average target price among brokers who have reported on the stock in the past year is $164.20.
PG has been the subject of several research analyst reports. StockNews.com upgraded Procter & Gamble from a “hold” rating to a “buy” rating in a Wednesday, May 18 research note. Barclays lowered its price target on Procter & Gamble from $176.00 to $157.00 and set an “overweight” rating for the company in a Monday May 23 report. Credit Suisse Group raised its price target on Procter & Gamble from $140.00 to $150.00 and gave the stock a “neutral” rating in a Thursday, April 21 report. JPMorgan Chase & Co. downgraded Procter & Gamble from an ‘overweight’ rating to a ‘neutral’ rating and lowered its share price target from $181.00 to $165.00 in a Wednesday report March 30. Finally, Raymond James raised his price target on Procter & Gamble from $175.00 to $180.00 and gave the stock an “outperform” rating in a Thursday, April 21 report.
Shares of NYSE:PG opened at $148.72 on Friday. The company’s fifty-day moving average price is $154.81 and its two-hundred-day moving average price is $155.28. The stock has a market capitalization of $356.82 billion, a PE ratio of 25.95, a growth price-earnings ratio of 4.01 and a beta of 0.39. The company has a debt ratio of 0.53, a quick ratio of 0.47 and a current ratio of 0.68. Procter & Gamble has a one-year low of $131.94 and a one-year high of $165.35.
Procter & Gamble (NYSE:PG- Get a rating) last announced its results on Wednesday, April 20. The company reported EPS of $1.33 for the quarter, beating consensus analyst estimates of $1.28 by $0.05. Procter & Gamble had a return on equity of 32.39% and a net margin of 18.33%. The company posted revenue of $19.38 billion for the quarter, versus $18.69 billion expected by analysts. In the same quarter of the previous year, the company achieved EPS of $1.26. Procter & Gamble’s quarterly revenue increased 7.0% year over year. As a group, equity research analysts expect Procter & Gamble to post 5.84 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, May 16. Investors of record on Friday, April 22 received a dividend of $0.9133 per share. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.87. This represents a dividend of $3.65 on an annualized basis and a yield of 2.46%. The ex-dividend date was Thursday, April 21. Procter & Gamble’s dividend payout ratio is currently 63.70%.
Separately, CAO Matthew W. Janzaruk sold 334 shares in a trade on Tuesday, April 26. The stock was sold at an average price of $162.43, for a total value of $54,251.62. Following the completion of the transaction, the chief accounting officer now owns 1,220 shares of the company, valued at $198,164.60. The transaction was disclosed in an SEC filing, available at the SEC website. Additionally, Chairman David S. Taylor sold 60,000 shares in a trade on Thursday, April 21. The stock was sold at an average price of $164.52, for a total value of $9,871,200.00. Following completion of the transaction, the President now directly owns 253,933 shares of the company, valued at approximately $41,777,057.16. Disclosure of this sale can be found here. In the past 90 days, insiders have sold 128,515 shares of the company valued at $20,862,606. 0.51% of the shares are held by insiders of the company.
Institutional investors have recently changed their positions in the company. Lansing Street Advisors bought a new equity stake in Procter & Gamble during the first quarter for $37,000. Western Pacific Wealth Management LP purchased a new equity stake in Procter & Gamble during the fourth quarter for $40,000. Dravo Bay LLC purchased a new equity stake in Procter & Gamble during the first quarter for $40,000. Retirement Group LLC increased its holdings of Procter & Gamble stock by 48.2% in the first quarter. Retirement Group LLC now owns 283 shares of the company valued at $43,000 after buying 92 additional shares in the last quarter. Finally, IAG Wealth Partners LLC increased its holdings of Procter & Gamble shares by 31.0% during the first quarter. IAG Wealth Partners LLC now owns 317 shares of the company valued at $48,000 after purchasing an additional 75 shares in the last quarter. Institutional investors and hedge funds hold 63.64% of the company’s shares.
Procter & Gamble Company Profile (Get a rating)
The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, Asia-Pacific, Greater China, India, the Middle East and from Africa. It operates in five segments: Beauty; Grooming; Health care; Fabric and home care; and baby, woman and family care.
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