The Procter & Gamble Company (NYSE:PG) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of The Procter & Gamble Company (NYSE:PGGet Free Report) have been given an average recommendation of “Moderate Buy” by the eighteen ratings firms that are currently covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $167.06.

A number of brokerages have issued reports on PG. Wells Fargo & Company upped their price target on shares of Procter & Gamble from $162.00 to $170.00 and gave the company an “overweight” rating in a research note on Wednesday, January 24th. Stifel Nicolaus upped their price target on shares of Procter & Gamble from $155.00 to $157.00 and gave the company a “hold” rating in a research note on Wednesday, January 24th. DZ Bank upgraded shares of Procter & Gamble from a “sell” rating to a “hold” rating and set a $155.00 price objective on the stock in a research note on Friday, October 20th. StockNews.com upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Sunday, January 28th. Finally, Jefferies Financial Group started coverage on shares of Procter & Gamble in a research note on Monday, November 13th. They issued a “buy” rating and a $177.00 price objective on the stock.

Check Out Our Latest Research Report on PG

Procter & Gamble Trading Down 0.8 %

NYSE:PG opened at $157.42 on Monday. Procter & Gamble has a 52 week low of $135.83 and a 52 week high of $159.83. The firm has a 50 day moving average of $150.04 and a 200 day moving average of $150.86. The company has a quick ratio of 0.44, a current ratio of 0.64 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $370.41 billion, a price-to-earnings ratio of 26.37, a PEG ratio of 3.21 and a beta of 0.45.

Procter & Gamble (NYSE:PGGet Free Report) last posted its earnings results on Tuesday, January 23rd. The company reported $1.84 EPS for the quarter, beating analysts’ consensus estimates of $1.70 by $0.14. Procter & Gamble had a net margin of 17.60% and a return on equity of 34.04%. The company had revenue of $21.44 billion during the quarter, compared to analysts’ expectations of $21.48 billion. During the same quarter in the prior year, the company posted $1.59 earnings per share. Procter & Gamble’s revenue for the quarter was up 3.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Procter & Gamble will post 6.45 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Friday, January 19th will be paid a $0.9407 dividend. This represents a $3.76 annualized dividend and a dividend yield of 2.39%. The ex-dividend date is Thursday, January 18th. Procter & Gamble’s dividend payout ratio is currently 62.98%.

Insider Transactions at Procter & Gamble

In other news, CEO Ma. Fatima Francisco sold 45,000 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $156.00, for a total value of $7,020,000.00. Following the transaction, the chief executive officer now directly owns 973 shares of the company’s stock, valued at $151,788. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Procter & Gamble news, CEO R. Alexandra Keith sold 6,575 shares of Procter & Gamble stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $153.47, for a total transaction of $1,009,065.25. Following the transaction, the chief executive officer now directly owns 5,620 shares of the company’s stock, valued at $862,501.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ma. Fatima Francisco sold 45,000 shares of Procter & Gamble stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $156.00, for a total transaction of $7,020,000.00. Following the transaction, the chief executive officer now directly owns 973 shares in the company, valued at $151,788. The disclosure for this sale can be found here. Over the last three months, insiders have sold 278,658 shares of company stock valued at $42,921,732. Corporate insiders own 0.17% of the company’s stock.

Institutional Investors Weigh In On Procter & Gamble

A number of institutional investors have recently made changes to their positions in the stock. Axiom Financial Strategies LLC lifted its position in shares of Procter & Gamble by 7.0% during the 1st quarter. Axiom Financial Strategies LLC now owns 1,728 shares of the company’s stock worth $276,000 after buying an additional 113 shares during the last quarter. AMI Investment Management Inc. raised its position in Procter & Gamble by 7.2% in the 1st quarter. AMI Investment Management Inc. now owns 3,461 shares of the company’s stock valued at $529,000 after purchasing an additional 233 shares during the last quarter. LSV Asset Management raised its position in Procter & Gamble by 5.7% in the 1st quarter. LSV Asset Management now owns 18,600 shares of the company’s stock valued at $2,842,000 after purchasing an additional 1,000 shares during the last quarter. Ergoteles LLC purchased a new stake in Procter & Gamble in the 1st quarter valued at $3,073,000. Finally, Wsfs Capital Management LLC raised its position in Procter & Gamble by 12.0% in the 1st quarter. Wsfs Capital Management LLC now owns 4,256 shares of the company’s stock valued at $650,000 after purchasing an additional 455 shares during the last quarter. 63.43% of the stock is currently owned by institutional investors and hedge funds.

About Procter & Gamble

(Get Free Report

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.

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Analyst Recommendations for Procter & Gamble (NYSE:PG)

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