Procter & Gamble (NYSE:PG) Research Coverage Started at TD Cowen

TD Cowen started coverage on shares of Procter & Gamble (NYSE:PG) in a research note published on Tuesday, Marketbeat.com reports. The brokerage issued a buy rating and a $189.00 price target on the stock.

A number of other analysts have also recently commented on PG. Jefferies Financial Group boosted their price objective on Procter & Gamble from $175.00 to $182.00 and gave the company a buy rating in a research report on Monday, April 22nd. JPMorgan Chase & Co. upped their price objective on shares of Procter & Gamble from $170.00 to $181.00 and gave the stock an overweight rating in a research report on Monday. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Procter & Gamble from $171.00 to $176.00 and gave the company a buy rating in a research report on Wednesday, July 17th. Citigroup upped their price target on shares of Procter & Gamble from $177.00 to $190.00 and gave the stock a buy rating in a research report on Wednesday, July 10th. Finally, Stifel Nicolaus lifted their price objective on Procter & Gamble from $157.00 to $161.00 and gave the stock a hold rating in a report on Monday. Seven investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus price target of $174.29.

Procter & Gamble Price Performance

Shares of Procter & Gamble stock opened at $166.95 on Tuesday. The firm has a market cap of $394.03 billion, a PE ratio of 27.28, a P/E/G ratio of 3.15 and a beta of 0.41. Procter & Gamble has a twelve month low of $141.45 and a twelve month high of $170.92. The company has a quick ratio of 0.48, a current ratio of 0.69 and a debt-to-equity ratio of 0.49. The business has a 50-day moving average price of $166.38 and a 200 day moving average price of $161.36.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Friday, July 19th will be given a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend is Friday, July 19th. Procter & Gamble’s payout ratio is currently 65.85%.

Insider Activity

In related news, CEO Sundar G. Raman sold 31,924 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $166.95, for a total value of $5,329,711.80. Following the completion of the transaction, the chief executive officer now directly owns 19,042 shares in the company, valued at $3,179,061.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Procter & Gamble news, CEO Sundar G. Raman sold 31,924 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $166.95, for a total value of $5,329,711.80. Following the transaction, the chief executive officer now owns 19,042 shares of the company’s stock, valued at $3,179,061.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Moses Victor Javier Aguilar sold 9,149 shares of the stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $167.72, for a total transaction of $1,534,470.28. Following the transaction, the insider now directly owns 12,929 shares of the company’s stock, valued at approximately $2,168,451.88. The disclosure for this sale can be found here. Insiders sold a total of 125,320 shares of company stock valued at $20,696,223 in the last 90 days. Company insiders own 0.17% of the company’s stock.

Institutional Trading of Procter & Gamble

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PG. Advantage Trust Co acquired a new position in Procter & Gamble in the 4th quarter valued at about $28,000. Naples Money Management LLC acquired a new position in shares of Procter & Gamble in the fourth quarter valued at approximately $29,000. Ruedi Wealth Management Inc. increased its stake in Procter & Gamble by 64.7% during the 1st quarter. Ruedi Wealth Management Inc. now owns 196 shares of the company’s stock worth $32,000 after buying an additional 77 shares during the period. POM Investment Strategies LLC acquired a new stake in Procter & Gamble during the 2nd quarter worth approximately $34,000. Finally, Transcendent Capital Group LLC acquired a new position in shares of Procter & Gamble in the fourth quarter worth $31,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.