Shares of Procter & Gamble Company (The) (NYSE:PG) have earned an average rating of “Hold” from the eighteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, nine have given a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $92.54.

Several brokerages recently weighed in on PG. Vetr raised shares of Procter & Gamble Company (The) from a “buy” rating to a “strong-buy” rating and set a $96.50 target price on the stock in a research note on Thursday, May 18th. Stifel Nicolaus cut their target price on shares of Procter & Gamble Company (The) from $88.00 to $87.00 and set a “hold” rating on the stock in a research note on Thursday, April 27th. Jefferies Group LLC reaffirmed a “buy” rating and set a $103.00 target price on shares of Procter & Gamble Company (The) in a research note on Wednesday, April 26th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $80.00 target price on shares of Procter & Gamble Company (The) in a research note on Monday, April 24th. Finally, Zacks Investment Research raised shares of Procter & Gamble Company (The) from a “sell” rating to a “hold” rating in a research note on Wednesday, April 12th.

Procter & Gamble Company (PG) opened at 89.86 on Tuesday. The stock’s 50 day moving average is $87.33 and its 200-day moving average is $87.78. The company has a market capitalization of $229.83 billion, a P/E ratio of 16.52 and a beta of 0.65. Procter & Gamble Company has a 1-year low of $80.95 and a 1-year high of $92.00.

Procter & Gamble Company (The) (NYSE:PG) last announced its earnings results on Wednesday, April 26th. The company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.02. Procter & Gamble Company (The) had a net margin of 23.14% and a return on equity of 19.30%. The firm had revenue of $15.61 billion for the quarter, compared to the consensus estimate of $15.70 billion. During the same period in the prior year, the firm earned $0.86 EPS. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. On average, analysts expect that Procter & Gamble Company will post $3.85 earnings per share for the current fiscal year.

In other news, insider Patrice Louvet sold 29,621 shares of the company’s stock in a transaction on Friday, May 19th. The shares were sold at an average price of $86.01, for a total value of $2,547,702.21. Following the completion of the transaction, the insider now owns 76,651 shares in the company, valued at approximately $6,592,752.51. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Ioannis Skoufalos sold 3,879 shares of the company’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $86.17, for a total transaction of $334,253.43. The disclosure for this sale can be found here. In the last 90 days, insiders sold 199,891 shares of company stock valued at $17,276,637. Company insiders own 0.35% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. boosted its position in shares of Procter & Gamble Company (The) by 2,667.2% in the first quarter. BlackRock Inc. now owns 154,196,585 shares of the company’s stock valued at $13,854,566,000 after buying an additional 148,624,260 shares during the last quarter. State Street Corp boosted its position in shares of Procter & Gamble Company (The) by 0.9% in the fourth quarter. State Street Corp now owns 117,814,233 shares of the company’s stock valued at $9,905,824,000 after buying an additional 1,102,516 shares during the last quarter. Trian Fund Management L.P. boosted its position in shares of Procter & Gamble Company (The) by 472.3% in the first quarter. Trian Fund Management L.P. now owns 36,718,855 shares of the company’s stock valued at $3,299,189,000 after buying an additional 30,302,571 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Procter & Gamble Company (The) by 3.6% in the first quarter. Geode Capital Management LLC now owns 25,770,428 shares of the company’s stock valued at $2,312,290,000 after buying an additional 899,194 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Procter & Gamble Company (The) during the fourth quarter valued at about $1,918,188,000. Institutional investors and hedge funds own 60.21% of the company’s stock.

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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.

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