Vetr Inc. Lowers Procter & Gamble Company (The) (NYSE:PG) to Hold

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

Several other research analysts have also commented on PG. Sanford C. Bernstein reiterated an outperform rating and set a $100.00 price objective (up previously from $98.00) on shares of Procter & Gamble Company (The) in a research note on Sunday, July 30th. Jefferies Group LLC reaffirmed a buy rating and issued a $92.44 price objective (down from $103.00) on shares of Procter & Gamble Company (The) in a report on Thursday, August 17th. BidaskClub raised shares of Procter & Gamble Company (The) from a sell rating to a hold rating in a report on Monday, July 31st. Royal Bank Of Canada restated an outperform rating and set a $80.00 price objective on shares of Procter & Gamble Company (The) in a research report on Wednesday, September 6th. Finally, Morgan Stanley reduced their target price on shares of Procter & Gamble Company (The) from $91.00 to $90.00 and set an equal weight rating for the company in a research report on Tuesday, October 24th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $87.81.

Shares of Procter & Gamble Company (NYSE:PG) traded down $0.12 during midday trading on Tuesday, hitting $88.32. 1,098,183 shares of the company’s stock were exchanged, compared to its average volume of 7,429,534. Procter & Gamble Company has a fifty-two week low of $81.18 and a fifty-two week high of $94.67. The company has a quick ratio of 0.75, a current ratio of 0.91 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $223,380.00, a P/E ratio of 22.22, a price-to-earnings-growth ratio of 2.85 and a beta of 0.66.

Procter & Gamble Company (The) (NYSE:PG) last issued its earnings results on Friday, October 20th. The company reported $1.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.02. Procter & Gamble Company (The) had a net margin of 23.72% and a return on equity of 20.35%. The company had revenue of $16.65 billion for the quarter, compared to analysts’ expectations of $16.69 billion. During the same quarter last year, the company posted $1.03 earnings per share. The firm’s quarterly revenue was up .8% on a year-over-year basis. research analysts forecast that Procter & Gamble Company will post 4.17 earnings per share for the current year.

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The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Friday, October 20th were given a $0.6896 dividend. The ex-dividend date was Thursday, October 19th. This represents a $2.76 annualized dividend and a dividend yield of 3.12%. Procter & Gamble Company (The)’s dividend payout ratio is presently 73.80%.

In other news, insider Marylynn Fergusonmchugh sold 2,856 shares of the company’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $92.98, for a total transaction of $265,550.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Valarie L. Sheppard sold 20,175 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $92.65, for a total transaction of $1,869,213.75. The disclosure for this sale can be found here. Insiders sold a total of 32,694 shares of company stock worth $2,987,000 over the last quarter. Insiders own 0.35% of the company’s stock.

Several large investors have recently modified their holdings of PG. Asset Planning Services Ltd. boosted its holdings in Procter & Gamble Company (The) by 0.4% in the 2nd quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock worth $104,000 after acquiring an additional 5 shares during the period. Northwest Wealth Management LLC boosted its holdings in Procter & Gamble Company (The) by 0.3% in the 2nd quarter. Northwest Wealth Management LLC now owns 2,556 shares of the company’s stock worth $223,000 after acquiring an additional 8 shares during the period. Winfield Associates Inc. boosted its holdings in Procter & Gamble Company (The) by 0.7% in the 2nd quarter. Winfield Associates Inc. now owns 2,260 shares of the company’s stock worth $197,000 after acquiring an additional 15 shares during the period. Cascade Investment Advisors Inc. boosted its holdings in Procter & Gamble Company (The) by 0.5% in the 2nd quarter. Cascade Investment Advisors Inc. now owns 3,395 shares of the company’s stock worth $296,000 after acquiring an additional 17 shares during the period. Finally, RB Capital Management LLC boosted its holdings in Procter & Gamble Company (The) by 0.3% in the 1st quarter. RB Capital Management LLC now owns 7,294 shares of the company’s stock worth $655,000 after acquiring an additional 20 shares during the period. Institutional investors and hedge funds own 59.53% of the company’s stock.

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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