Procter & Gamble Company (The) (PG) Cut to “Hold” at Vetr Inc.

Vetr downgraded shares of Procter & Gamble Company (The) (NYSE:PG) from a buy rating to a hold rating in a report issued on Tuesday morning. Vetr currently has $90.38 target price on the stock.

A number of other equities research analysts have also weighed in on PG. BidaskClub lowered Procter & Gamble Company (The) from a hold rating to a sell rating in a report on Wednesday, July 12th. Jefferies Group LLC reaffirmed a buy rating and issued a $98.00 price objective on shares of Procter & Gamble Company (The) in a report on Monday, July 17th. Deutsche Bank AG reaffirmed a hold rating and issued a $92.00 price objective (up previously from $90.00) on shares of Procter & Gamble Company (The) in a report on Saturday, July 22nd. Stifel Nicolaus reaffirmed a hold rating and issued a $90.00 price objective (up previously from $87.00) on shares of Procter & Gamble Company (The) in a report on Sunday, July 30th. Finally, Sanford C. Bernstein reaffirmed an outperform rating and issued a $100.00 price objective (up previously from $98.00) on shares of Procter & Gamble Company (The) in a report on Sunday, July 30th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $88.69.

Procter & Gamble Company (NYSE:PG) opened at $88.16 on Tuesday. The company has a current ratio of 0.91, a quick ratio of 0.75 and a debt-to-equity ratio of 0.37. Procter & Gamble Company has a twelve month low of $81.18 and a twelve month high of $94.67. The stock has a market capitalization of $222,694.17, a PE ratio of 22.06, a P/E/G ratio of 2.83 and a beta of 0.66.

Procter & Gamble Company (The) (NYSE:PG) last released its quarterly earnings results on Friday, October 20th. The company reported $1.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.02. Procter & Gamble Company (The) had a return on equity of 20.35% and a net margin of 23.72%. The firm had revenue of $16.65 billion for the quarter, compared to analyst estimates of $16.69 billion. During the same quarter last year, the company posted $1.03 earnings per share. The business’s revenue was up .8% on a year-over-year basis. analysts expect that Procter & Gamble Company will post 4.16 EPS for the current year.

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The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Friday, October 20th will be issued a $0.6896 dividend. The ex-dividend date of this dividend is Thursday, October 19th. This represents a $2.76 annualized dividend and a yield of 3.13%. Procter & Gamble Company (The)’s dividend payout ratio (DPR) is presently 48.51%.

In other news, CEO David S. Taylor sold 6,382 shares of the business’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $92.04, for a total transaction of $587,399.28. Following the completion of the sale, the chief executive officer now directly owns 134,884 shares of the company’s stock, valued at approximately $12,414,723.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Jon R. Moeller sold 6,063 shares of the business’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $92.04, for a total transaction of $558,038.52. Following the sale, the insider now directly owns 120,734 shares of the company’s stock, valued at $11,112,357.36. The disclosure for this sale can be found here. Insiders sold a total of 42,499 shares of company stock valued at $3,904,610 over the last quarter. 0.35% of the stock is currently owned by insiders.

A number of institutional investors have recently made changes to their positions in PG. Asset Planning Services Ltd. boosted its position in Procter & Gamble Company (The) by 0.4% during the 2nd quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock worth $104,000 after purchasing an additional 5 shares during the period. Harding Loevner LP purchased a new stake in Procter & Gamble Company (The) during the 2nd quarter worth $119,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Procter & Gamble Company (The) during the 3rd quarter worth $125,000. Blume Capital Management Inc. boosted its position in Procter & Gamble Company (The) by 25.4% during the 2nd quarter. Blume Capital Management Inc. now owns 1,482 shares of the company’s stock worth $129,000 after purchasing an additional 300 shares during the period. Finally, Riggs Asset Managment Co. Inc. boosted its position in Procter & Gamble Company (The) by 11.9% during the 1st quarter. Riggs Asset Managment Co. Inc. now owns 1,603 shares of the company’s stock worth $144,000 after purchasing an additional 170 shares during the period. 59.71% of the stock is owned by hedge funds and other institutional investors.

About Procter & Gamble Company (The)

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.

To view Vetr’s full report, visit Vetr’s official website.

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

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