Procter & Gamble (NYSE:PG) Rating Increased to Hold at Sanford C. Bernstein

Procter & Gamble (NYSE:PG) was upgraded by equities research analysts at Sanford C. Bernstein to a “hold” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

PG has been the subject of a number of other research reports. UBS Group lifted their target price on Procter & Gamble from $166.00 to $172.00 and gave the stock a “buy” rating in a report on Monday, April 27th. JPMorgan Chase & Co. reduced their price objective on Procter & Gamble from $165.00 to $162.00 and set an “overweight” rating for the company in a report on Friday, April 17th. Morgan Stanley decreased their target price on Procter & Gamble from $175.00 to $166.00 and set an “overweight” rating for the company in a research report on Wednesday, April 22nd. Bank of America dropped their price target on shares of Procter & Gamble from $171.00 to $167.00 and set a “buy” rating on the stock in a report on Friday, April 10th. Finally, Barclays reduced their price target on shares of Procter & Gamble from $155.00 to $146.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 14th. Eleven analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, Procter & Gamble presently has a consensus rating of “Moderate Buy” and an average target price of $160.78.

Procter & Gamble Stock Up 0.8%

PG stock opened at $149.47 on Thursday. The business has a 50 day moving average of $144.63 and a 200 day moving average of $147.70. The firm has a market cap of $348.04 billion, a PE ratio of 21.85, a price-to-earnings-growth ratio of 6.45 and a beta of 0.39. Procter & Gamble has a twelve month low of $137.62 and a twelve month high of $167.25. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 0.44.

Procter & Gamble (NYSE:PG) last issued its earnings results on Friday, April 24th. The company reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.03. Procter & Gamble had a net margin of 19.16% and a return on equity of 32.00%. The firm had revenue of $21.24 billion for the quarter, compared to the consensus estimate of $21.52 billion. During the same quarter in the prior year, the firm posted $1.54 earnings per share. The business’s revenue was up 7.4% on a year-over-year basis. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. On average, research analysts forecast that Procter & Gamble will post 6.91 EPS for the current fiscal year.

Hedge Funds Weigh In On Procter & Gamble

A number of institutional investors have recently bought and sold shares of PG. Triodos Investment Management BV grew its holdings in Procter & Gamble by 7.3% during the 3rd quarter. Triodos Investment Management BV now owns 255,095 shares of the company’s stock valued at $39,195,000 after buying an additional 17,400 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Procter & Gamble by 0.6% in the third quarter. Vanguard Group Inc. now owns 234,630,605 shares of the company’s stock worth $36,050,992,000 after buying an additional 1,419,322 shares in the last quarter. Gradient Investments LLC boosted its position in shares of Procter & Gamble by 12.8% during the fourth quarter. Gradient Investments LLC now owns 253,089 shares of the company’s stock worth $36,270,000 after acquiring an additional 28,777 shares during the last quarter. Fiera Capital Corp grew its stake in Procter & Gamble by 20.3% during the third quarter. Fiera Capital Corp now owns 53,128 shares of the company’s stock valued at $8,163,000 after acquiring an additional 8,961 shares in the last quarter. Finally, Arete Wealth Advisors LLC bought a new stake in Procter & Gamble in the 3rd quarter valued at $3,776,000. 65.77% of the stock is owned by institutional investors.

About Procter & Gamble

Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.