Vetr Inc. Lowers Procter & Gamble Co. (PG) to Hold
Vetr downgraded shares of Procter & Gamble Co. (NYSE:PG) from a buy rating to a hold rating in a research report released on Wednesday morning. They currently have $92.75 price objective on the stock.
A number of other analysts have also recently issued reports on the company. Jefferies Group restated a buy rating and set a $95.00 price objective on shares of Procter & Gamble Co. in a research report on Thursday, June 23rd. Stifel Nicolaus set a $93.00 price target on Procter & Gamble Co. and gave the company a buy rating in a research report on Wednesday, August 3rd. Zacks Investment Research upgraded Procter & Gamble Co. from a sell rating to a hold rating in a research report on Tuesday, July 26th. Deutsche Bank AG reiterated a buy rating and issued a $92.00 price target (up from $85.00) on shares of Procter & Gamble Co. in a research report on Sunday, July 24th. Finally, Goldman Sachs Group Inc. reiterated a neutral rating and issued a $88.00 price target (up from $81.00) on shares of Procter & Gamble Co. in a research report on Friday, July 15th. Eleven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of $89.49.
Shares of Procter & Gamble Co. (NYSE:PG) opened at 89.75 on Wednesday. The company’s 50 day moving average is $87.81 and its 200-day moving average is $84.30. Procter & Gamble Co. has a 52 week low of $72.50 and a 52 week high of $90.22. The company has a market capitalization of $239.52 billion, a PE ratio of 24.30 and a beta of 0.54.
Procter & Gamble Co. (NYSE:PG) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates 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 company earned $16.10 billion during the quarter, compared to analyst estimates of $15.83 billion. During the same period in the previous year, the company earned $1.00 earnings per share. The company’s quarterly revenue was down 2.7% compared to the same quarter last year. On average, analysts expect that Procter & Gamble Co. will post $0.02 EPS for the current fiscal year.
In related news, insider Charles E. Pierce sold 55,127 shares of the stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $86.07, for a total transaction of $4,744,780.89. Following the completion of the transaction, the insider now directly owns 60,632 shares in the company, valued at $5,218,596.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Ciserani Giovanni sold 25,166 shares of the stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $86.26, for a total value of $2,170,819.16. Following the transaction, the insider now owns 15,776 shares of the company’s stock, valued at $1,360,837.76. The disclosure for this sale can be found here. 0.35% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of PG. Americafirst Capital Management LLC purchased a new position in Procter & Gamble Co. during the second quarter worth about $112,000. Signature Estate & Investment Advisors LLC purchased a new position in Procter & Gamble Co. during the second quarter worth about $122,000. Global X Management Co. LLC increased its position in Procter & Gamble Co. by 259.5% in the second quarter. Global X Management Co. LLC now owns 1,517 shares of the company’s stock worth $128,000 after buying an additional 1,095 shares during the last quarter. Lenox Wealth Advisors Inc. increased its position 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 during the last quarter. Finally, Cypress Capital Management LLC WY purchased a new position in Procter & Gamble Co. during the second quarter worth about $157,000. Institutional investors and hedge funds own 58.73% 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.
To view Vetr’s full report, visit Vetr’s official website.
Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.