Procter & Gamble Co. (NYSE:PG) was upgraded by Argus from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday.

A number of other analysts have also weighed in on the stock. Jefferies Group reaffirmed a “buy” rating and set a $95.00 target price on shares of Procter & Gamble Co. in a report on Thursday, June 23rd. Stifel Nicolaus set a $93.00 price target on shares of Procter & Gamble Co. and gave the stock a “buy” rating in a research note on Wednesday, August 3rd. Zacks Investment Research raised shares of Procter & Gamble Co. from a “sell” rating to a “hold” rating in a research note on Tuesday, July 26th. Deutsche Bank AG reissued a “buy” rating and issued a $92.00 price target (up previously from $85.00) on shares of Procter & Gamble Co. in a research note on Sunday, July 24th. Finally, Goldman Sachs Group Inc. reissued a “neutral” rating and issued a $88.00 price target (up previously from $81.00) on shares of Procter & Gamble Co. in a research note on Friday, July 15th. Eleven investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $89.49.

Analyst Recommendations for Procter & Gamble Co. (NYSE:PG)

Shares of Procter & Gamble Co. (NYSE:PG) opened at 88.54 on Wednesday. The company has a market cap of $236.29 billion, a PE ratio of 23.97 and a beta of 0.54. Procter & Gamble Co. has a 12 month low of $73.50 and a 12 month high of $90.33. The firm’s 50 day moving average is $88.19 and its 200 day moving average is $84.64.

Procter & Gamble Co. (NYSE:PG) last posted its earnings results on Tuesday, August 2nd. The company reported $0.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.05. The business had revenue of $16.10 billion for the quarter, compared to analyst estimates of $15.83 billion. Procter & Gamble Co. had a net margin of 16.09% and a return on equity of 17.48%. Procter & Gamble Co.’s revenue was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.00 EPS. On average, equities analysts predict that Procter & Gamble Co. will post $0.02 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 15th. Investors of record on Friday, October 21st will be paid a $0.6695 dividend. The ex-dividend date of this dividend is Wednesday, October 19th. This represents a $2.68 annualized dividend and a dividend yield of 3.02%. Procter & Gamble Co.’s payout ratio is 72.63%.

In other Procter & Gamble Co. news, insider Charles E. Pierce sold 55,127 shares of the firm’s stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $86.07, for a total transaction of $4,744,780.89. Following the completion of the sale, the insider now directly owns 60,632 shares in the company, valued at approximately $5,218,596.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Jon R. Moeller sold 272,591 shares of the firm’s stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $85.94, for a total transaction of $23,426,470.54. Following the sale, the chief financial officer now owns 164,269 shares of the company’s stock, valued at $14,117,277.86. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Boothbay Fund Management LLC raised its stake in Procter & Gamble Co. by 0.3% in the first quarter. Boothbay Fund Management LLC now owns 2,951 shares of the company’s stock worth $243,000 after buying an additional 9 shares in the last quarter. Lenox Wealth Advisors Inc. raised its stake in Procter & Gamble Co. by 0.5% in the second quarter. Lenox Wealth Advisors Inc. now owns 1,840 shares of the company’s stock worth $156,000 after buying an additional 10 shares in the last quarter. Commonwealth Financial Services LLC raised its stake in Procter & Gamble Co. by 0.3% in the second quarter. Commonwealth Financial Services LLC now owns 4,559 shares of the company’s stock worth $386,000 after buying an additional 14 shares in the last quarter. Stratford Consulting LLC raised its stake in Procter & Gamble Co. by 0.6% in the second quarter. Stratford Consulting LLC now owns 2,513 shares of the company’s stock worth $213,000 after buying an additional 16 shares in the last quarter. Finally, Cottage Street Advisors LLC raised its stake in Procter & Gamble Co. by 0.3% in the second quarter. Cottage Street Advisors LLC now owns 7,145 shares of the company’s stock worth $605,000 after buying an additional 20 shares in the last quarter. Institutional investors and hedge funds own 58.86% of the company’s stock.

Procter & Gamble Co. Company Profile

The Procter & Gamble Company (P&G) provides consumer packaged goods. The Company operates in five segments under GBUs: Beauty, which offers a range of products ranging from deodorants to cosmetics to skin care; Grooming, which includes blades, razors and electronic hair removal devices, such as electric razors and epilators; Health Care, which includes oral care and personal health care products.; Fabric Care and Home Care, which consists of a range of fabric care products, home care products and batteries, and Baby Feminine and Family Care, which offers diapers, pants, baby wipe, Bounty paper, towel and Charmin toilet paper brands.

5 Day Chart for NYSE:PG

Receive News & Stock Ratings for Procter & Gamble Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble Co. and related stocks with our FREE daily email newsletter.