Vetr upgraded shares of Procter & Gamble Co. (NYSE:PG) from a hold rating to a buy rating in a research report released on Wednesday morning. Vetr currently has $93.00 price objective on the stock.

Several other brokerages have also recently commented on PG. Goldman Sachs Group Inc. reissued a neutral rating and set a $88.00 target price (up previously from $81.00) on shares of Procter & Gamble Co. in a report on Friday, July 15th. Argus raised Procter & Gamble Co. from a hold rating to a buy rating and boosted their target price for the stock from $88.54 to $103.00 in a report on Wednesday. Jefferies Group initiated coverage on Procter & Gamble Co. in a report on Wednesday, June 15th. They set a buy rating and a $95.00 target price on the stock. Deutsche Bank AG reissued a buy rating and set a $95.00 target price on shares of Procter & Gamble Co. in a report on Saturday, August 13th. Finally, B. Riley reissued a neutral rating and set a $74.00 target price on shares of Procter & Gamble Co. in a report on Wednesday, August 3rd. Ten analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Procter & Gamble Co. has a consensus rating of Buy and an average target price of $90.21.

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

Shares of Procter & Gamble Co. (NYSE:PG) opened at 87.80 on Wednesday. The firm has a market cap of $234.32 billion, a PE ratio of 23.77 and a beta of 0.54. The stock’s 50 day moving average price is $88.23 and its 200 day moving average price is $84.67. Procter & Gamble Co. has a 12-month low of $73.50 and a 12-month high of $90.33.

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

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

In related news, insider Juan Fernando Posada sold 3,501 shares of the firm’s stock in a transaction on Wednesday, September 28th. The shares were sold at an average price of $89.50, for a total transaction of $313,339.50. Following the sale, the insider now directly owns 19,953 shares in the company, valued at $1,785,793.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO David S. Taylor sold 72,525 shares of the firm’s stock in a transaction on Friday, August 5th. The stock was sold at an average price of $85.76, for a total transaction of $6,219,744.00. Following the sale, the chief executive officer now owns 136,933 shares in the company, valued at $11,743,374.08. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by company insiders.

Several large investors have recently modified their holdings of PG. BlackRock Fund Advisors raised its stake in shares of Procter & Gamble Co. by 0.7% in the first quarter. BlackRock Fund Advisors now owns 35,929,242 shares of the company’s stock worth $2,957,336,000 after buying an additional 265,762 shares during the last quarter. Ngam Advisors L.P. raised its stake in shares of Procter & Gamble Co. by 5.2% in the first quarter. Ngam Advisors L.P. now owns 598,608 shares of the company’s stock worth $49,271,000 after buying an additional 29,768 shares during the last quarter. Acadian Asset Management LLC raised its stake in shares of Procter & Gamble Co. by 12.7% in the second quarter. Acadian Asset Management LLC now owns 4,679,269 shares of the company’s stock worth $396,194,000 after buying an additional 528,466 shares during the last quarter. First Financial Bank N.A. Trust Division raised its stake in shares of Procter & Gamble Co. by 3.5% in the second quarter. First Financial Bank N.A. Trust Division now owns 343,217 shares of the company’s stock worth $29,060,000 after buying an additional 11,650 shares during the last quarter. Finally, Marathon Asset Management LLP raised its stake in shares of Procter & Gamble Co. by 1.9% in the second quarter. Marathon Asset Management LLP now owns 2,051,718 shares of the company’s stock worth $173,719,000 after buying an additional 38,942 shares during the last quarter. Institutional investors and hedge funds own 58.86% of the company’s stock.

About Procter & Gamble Co.

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

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