Procter & Gamble (NYSE:PG) Stock Rating Upgraded by Sanford C. Bernstein

Procter & Gamble (NYSE:PG) was upgraded by equities research analysts at Sanford C. Bernstein to a “hold” rating in a note issued to investors on Thursday,Zacks.com reports.

Several other brokerages have also recently issued reports on PG. UBS Group boosted their price target on Procter & Gamble from $166.00 to $172.00 and gave the company a “buy” rating in a research note on Monday, April 27th. Royal Bank Of Canada cut their price target on Procter & Gamble from $172.00 to $167.00 and set an “outperform” rating for the company in a research note on Thursday, April 9th. Jefferies Financial Group cut their price target on Procter & Gamble from $179.00 to $175.00 and set a “buy” rating for the company in a research note on Monday, April 20th. Piper Sandler boosted their price target on Procter & Gamble from $142.00 to $145.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Procter & Gamble in a research note on Friday, March 27th. Eleven equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $160.78.

Procter & Gamble Trading Up 0.8%

Shares of PG stock opened at $149.47 on Thursday. The company has a current ratio of 0.73, a quick ratio of 0.53 and a debt-to-equity ratio of 0.44. The stock has a market cap of $348.04 billion, a P/E ratio of 21.85, a price-to-earnings-growth ratio of 6.45 and a beta of 0.39. The stock has a 50 day simple moving average of $144.63 and a 200 day simple moving average of $147.70. Procter & Gamble has a 1 year low of $137.62 and a 1 year high of $167.25.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Friday, April 24th. The company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.03. The business had revenue of $21.24 billion during the quarter, compared to analysts’ expectations of $21.52 billion. Procter & Gamble had a return on equity of 32.00% and a net margin of 19.16%.The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.54 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. On average, research analysts predict that Procter & Gamble will post 6.91 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Procter & Gamble

A number of institutional investors have recently modified their holdings of the business. Triodos Investment Management BV raised its position in Procter & Gamble by 7.3% during the 3rd quarter. Triodos Investment Management BV now owns 255,095 shares of the company’s stock worth $39,195,000 after purchasing an additional 17,400 shares during the last quarter. Vanguard Group Inc. raised its position in Procter & Gamble by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 234,630,605 shares of the company’s stock worth $36,050,992,000 after purchasing an additional 1,419,322 shares during the last quarter. Gradient Investments LLC raised its position in Procter & Gamble by 12.8% during the 4th quarter. Gradient Investments LLC now owns 253,089 shares of the company’s stock worth $36,270,000 after purchasing an additional 28,777 shares during the last quarter. Fiera Capital Corp raised its position in Procter & Gamble by 20.3% during the 3rd quarter. Fiera Capital Corp now owns 53,128 shares of the company’s stock worth $8,163,000 after purchasing an additional 8,961 shares during the last quarter. Finally, Arete Wealth Advisors LLC bought a new position in Procter & Gamble during the 3rd quarter worth $3,776,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

About Procter & Gamble

Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.