Procter & Gamble Company (The) (NYSE:PG) Downgraded by Vetr Inc.

Vetr cut shares of Procter & Gamble Company (The) (NYSE:PG) from a buy rating to a hold rating in a research note issued to investors on Tuesday, November 7th. Vetr currently has $90.38 price objective on the stock.

A number of other analysts have also commented on the company. Jefferies Group LLC reissued a buy rating and issued a $104.00 target price (up previously from $103.00) on shares of Procter & Gamble in a report on Wednesday, September 20th. Zacks Investment Research lowered Procter & Gamble from a buy rating to a hold rating in a report on Wednesday, October 18th. Goldman Sachs Group Inc reaffirmed a sell rating on shares of Procter & Gamble in a report on Wednesday, October 4th. Royal Bank Of Canada reaffirmed a buy rating on shares of Procter & Gamble in a report on Monday, October 23rd. Finally, Macquarie started coverage on Procter & Gamble in a report on Thursday, September 14th. They issued an outperform rating and a $102.00 price objective for the company. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company. Procter & Gamble presently has a consensus rating of Hold and a consensus price target of $87.81.

Procter & Gamble (NYSE PG) traded up $0.12 during trading on Tuesday, hitting $88.45. The company’s stock had a trading volume of 2,200,000 shares, compared to its average volume of 5,765,209. The company has a market cap of $224,393.92, a price-to-earnings ratio of 22.22, a price-to-earnings-growth ratio of 2.85 and a beta of 0.66. Procter & Gamble has a twelve month low of $81.18 and a twelve month high of $94.67. 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 (NYSE:PG) last posted its earnings results on Friday, October 20th. The company reported $1.09 EPS for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.02. The business had revenue of $16.65 billion during the quarter, compared to analyst estimates of $16.69 billion. Procter & Gamble had a return on equity of 20.35% and a net margin of 23.72%. The company’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter last year, the company earned $1.03 EPS. research analysts expect that Procter & Gamble will post 4.17 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Friday, October 20th were given a dividend of $0.6896 per share. The ex-dividend date was Thursday, October 19th. This represents a $2.76 annualized dividend and a yield of 3.12%. Procter & Gamble’s dividend payout ratio (DPR) is presently 48.51%.

In other news, insider Juan Fernando Posada sold 4,878 shares of the business’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $89.80, for a total value of $438,044.40. Following the transaction, the insider now directly owns 25,429 shares in the company, valued at $2,283,524.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Marylynn Fergusonmchugh sold 2,856 shares of the business’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $92.98, for a total value of $265,550.88. The disclosure for this sale can be found here. Insiders have sold 20,277 shares of company stock worth $1,811,430 over the last quarter. 0.35% of the stock is owned by company insiders.

Several institutional investors have recently made changes to their positions in the company. Truepoint Inc. increased its holdings in shares of Procter & Gamble by 8,711.3% in the third quarter. Truepoint Inc. now owns 26,889,686 shares of the company’s stock worth $26,890,000 after purchasing an additional 26,584,514 shares during the last quarter. Capital Research Global Investors increased its holdings in shares of Procter & Gamble by 74.2% in the second quarter. Capital Research Global Investors now owns 12,389,104 shares of the company’s stock worth $1,079,710,000 after purchasing an additional 5,278,359 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Procter & Gamble by 1,244.6% in the second quarter. Janus Henderson Group PLC now owns 4,500,564 shares of the company’s stock worth $392,226,000 after purchasing an additional 4,165,862 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Procter & Gamble by 2.3% in the second quarter. Vanguard Group Inc. now owns 180,730,770 shares of the company’s stock worth $15,750,688,000 after purchasing an additional 4,066,266 shares during the last quarter. Finally, Stifel Financial Corp increased its holdings in shares of Procter & Gamble by 60,483.0% in the third quarter. Stifel Financial Corp now owns 2,423,319 shares of the company’s stock worth $220,392,000 after purchasing an additional 2,419,319 shares during the last quarter. Institutional investors and hedge funds own 59.53% of the company’s stock.

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Procter & Gamble 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.

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

Analyst Recommendations for Procter & Gamble (NYSE:PG)

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