Procter & Gamble Co. (NYSE:PG) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Friday.

According to Zacks, “P&G is known for its strong brand recognition, diversified portfolio, impressive product development capabilities and marketing prowess as well as strong cash flow productivity. However, it has been struggling over the past few quarters to boost sales. Significant negative Fx impact, weak volumes, divestures and slowing market growth have been hurting sales. That said, the company is investing in its brands and products as well as redesigning the supply chain to improve productivity and organic growth. The portfolio-reshaping plan, though hurting near-term sales/profits, will ultimately increase profitability. Importantly, its productivity improvements and aggressive cost-saving efforts have consistently improved margins with the trend expected to continue in future quarters. Meanwhile, estimates have been stable lately ahead of the P&G’s first quarter earnings release.”

Several other research firms have also recently issued reports on PG. Jefferies Group reaffirmed a “buy” rating and set a $95.00 price target on shares of Procter & Gamble Co. in a research note on Thursday, June 23rd. Goldman Sachs Group Inc. reaffirmed a “neutral” rating and set a $88.00 price target (up from $81.00) on shares of Procter & Gamble Co. in a research note on Friday, July 15th. Vetr cut shares of Procter & Gamble Co. from a “buy” rating to a “hold” rating and set a $89.50 price target on the stock. in a research note on Tuesday, July 19th. Stifel Nicolaus raised their price target on shares of Procter & Gamble Co. from $85.00 to $92.00 and gave the stock a “buy” rating in a research note on Friday, July 22nd. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $92.00 price target (up from $85.00) on shares of Procter & Gamble Co. in a research note on Sunday, July 24th. Ten analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $90.21.

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

Procter & Gamble Co. (NYSE:PG) traded up 0.5257% during midday trading on Friday, hitting $88.7039. 3,540,582 shares of the stock were exchanged. The stock has a market cap of $236.73 billion, a price-to-earnings ratio of 24.0130 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 has a 50 day moving average of $88.25 and a 200-day moving average of $84.69.

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

The firm also recently disclosed 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. This represents a $2.68 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date is Wednesday, October 19th. Procter & Gamble Co.’s dividend payout ratio is presently 72.63%.

In other news, insider Juan Fernando Posada sold 3,501 shares of the business’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 completion of the transaction, the insider now owns 19,953 shares of the company’s stock, valued at $1,785,793.50. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Valarie L. Sheppard sold 32,532 shares of the business’s stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $86.90, for a total transaction of $2,827,030.80. Following the transaction, the senior vice president now directly owns 28,397 shares of the company’s stock, valued at approximately $2,467,699.30. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by company insiders.

Several institutional investors have recently made changes to their positions in the stock. National Pension Service increased its position in shares of Procter & Gamble Co. by 8.8% in the third quarter. National Pension Service now owns 1,575,318 shares of the company’s stock valued at $141,385,000 after buying an additional 127,496 shares during the period. Union Bankshares Corp increased its position in shares of Procter & Gamble Co. by 0.4% in the third quarter. Union Bankshares Corp now owns 64,117 shares of the company’s stock valued at $5,754,000 after buying an additional 251 shares during the period. Private Trust Co. NA increased its position in shares of Procter & Gamble Co. by 2.2% in the third quarter. Private Trust Co. NA now owns 66,075 shares of the company’s stock valued at $5,930,000 after buying an additional 1,441 shares during the period. W.G. Shaheen & Associates DBA Whitney & Co increased its position in shares of Procter & Gamble Co. by 11.7% in the third quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 40,763 shares of the company’s stock valued at $3,658,000 after buying an additional 4,280 shares during the period. Finally, Renaissance Investment Group LLC increased its position in shares of Procter & Gamble Co. by 2.4% in the third quarter. Renaissance Investment Group LLC now owns 4,669 shares of the company’s stock valued at $419,000 after buying an additional 110 shares during the period. 58.86% of the stock is owned by institutional investors.

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

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