Vetr upgraded shares of Procter & Gamble Company (The) (NYSE:PG) from a sell rating to a hold rating in a report issued on Friday. Vetr currently has $93.02 price objective on the stock.

A number of other brokerages have also recently issued reports on PG. Macquarie assumed coverage on Procter & Gamble Company (The) in a research note on Thursday. They issued an outperform rating and a $102.00 price objective on the stock. Jefferies Group LLC restated a buy rating and issued a $103.00 price objective on shares of Procter & Gamble Company (The) in a research note on Thursday, September 7th. Royal Bank Of Canada restated an outperform rating and issued a $80.00 price objective on shares of Procter & Gamble Company (The) in a research note on Wednesday, September 6th. BidaskClub upgraded Procter & Gamble Company (The) from a hold rating to a buy rating in a research note on Saturday, August 19th. Finally, Zacks Investment Research cut Procter & Gamble Company (The) from a buy rating to a hold rating in a research note on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $89.39.

Procter & Gamble Company (NYSE:PG) traded down 0.30% during trading on Friday, reaching $93.27. 12,428,828 shares of the company were exchanged. The firm’s 50 day moving average price is $92.20 and its 200-day moving average price is $89.60. The stock has a market capitalization of $237.84 billion, a price-to-earnings ratio of 16.68 and a beta of 0.68. Procter & Gamble Company has a one year low of $81.18 and a one year high of $94.19.

Procter & Gamble Company (The) (NYSE:PG) last announced its quarterly earnings data on Thursday, July 27th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.07. Procter & Gamble Company (The) had a return on equity of 19.97% and a net margin of 23.56%. The business had revenue of $16.08 billion for the quarter, compared to analysts’ expectations of $16.01 billion. During the same period in the previous year, the business posted $0.79 EPS. The firm’s quarterly revenue was down .1% compared to the same quarter last year. On average, equities research analysts predict that Procter & Gamble Company will post $4.17 earnings per share for the current year.

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In other news, CEO David S. Taylor sold 6,382 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $92.04, for a total transaction of $587,399.28. Following the completion of the transaction, the chief executive officer now owns 134,884 shares of the company’s stock, valued at $12,414,723.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Suranjan Magesvaran sold 10,512 shares of the business’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $91.00, for a total value of $956,592.00. The disclosure for this sale can be found here. Insiders have sold 45,792 shares of company stock valued at $4,216,070 in the last three months. 0.35% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Capital Research Global Investors boosted its stake in Procter & Gamble Company (The) by 74.2% in the second quarter. Capital Research Global Investors now owns 12,389,104 shares of the company’s stock worth $1,079,710,000 after buying an additional 5,278,359 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Procter & Gamble Company (The) by 1,244.6% in the second quarter. Janus Henderson Group PLC now owns 4,500,564 shares of the company’s stock worth $392,226,000 after buying an additional 4,165,862 shares in the last quarter. Vanguard Group Inc. boosted its stake in Procter & Gamble Company (The) by 2.3% in the second quarter. Vanguard Group Inc. now owns 180,730,770 shares of the company’s stock worth $15,750,688,000 after buying an additional 4,066,266 shares in the last quarter. BlackRock Inc. boosted its stake in Procter & Gamble Company (The) by 1.4% in the second quarter. BlackRock Inc. now owns 156,361,011 shares of the company’s stock worth $13,626,862,000 after buying an additional 2,164,426 shares in the last quarter. Finally, Parametric Portfolio Associates LLC boosted its stake in Procter & Gamble Company (The) by 30.6% in the second quarter. Parametric Portfolio Associates LLC now owns 6,349,258 shares of the company’s stock worth $553,334,000 after buying an additional 1,487,095 shares in the last quarter. 59.33% of the stock is owned by institutional investors.

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.

Analyst Recommendations for Procter & Gamble Company (The) (NYSE:PG)

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