Procter & Gamble Company (The) (NYSE:PG) was upgraded by analysts at Vetr from a “sell” rating to a “hold” rating in a note issued to investors on Friday. The brokerage currently has a $93.02 price objective on the stock. Vetr‘s price target indicates a potential downside of 0.62% from the stock’s current price.

Several other equities analysts have also recently weighed in on the company. Zacks Investment Research cut Procter & Gamble Company (The) from a “buy” rating to a “hold” rating in a report on Thursday, August 3rd. Deutsche Bank AG reissued a “hold” rating and set a $92.00 price target (up from $90.00) on shares of Procter & Gamble Company (The) in a report on Saturday, July 22nd. BidaskClub raised Procter & Gamble Company (The) from a “hold” rating to a “buy” rating in a report on Saturday, August 19th. Stifel Nicolaus reissued a “hold” rating and set a $90.00 price target (up from $87.00) on shares of Procter & Gamble Company (The) in a report on Sunday, July 30th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $98.00 price target on shares of Procter & Gamble Company (The) in a report on Monday, July 17th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $88.65.

Procter & Gamble Company (NYSE:PG) opened at 93.60 on Friday. Procter & Gamble Company has a 12-month low of $81.18 and a 12-month high of $94.19. The stock has a 50 day moving average price of $92.13 and a 200-day moving average price of $89.58. The company has a market cap of $238.68 billion, a price-to-earnings ratio of 16.74 and a beta of 0.68.

Procter & Gamble Company (The) (NYSE:PG) last issued its earnings results on Thursday, July 27th. The company reported $0.85 EPS for the quarter, beating the 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 the consensus estimate of $16.01 billion. During the same period last year, the business posted $0.79 EPS. The company’s revenue was down .1% compared to the same quarter last year. On average, analysts predict that Procter & Gamble Company will post $4.17 EPS for the current fiscal year.

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In other Procter & Gamble Company (The) news, SVP Valarie L. Sheppard sold 20,175 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $92.65, for a total transaction of $1,869,213.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Mark F. Biegger sold 2,660 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $92.04, for a total value of $244,826.40. Following the sale, the insider now directly owns 23,133 shares in the company, valued at $2,129,161.32. The disclosure for this sale can be found here. Over the last three months, insiders have sold 45,792 shares of company stock worth $4,216,070. Insiders own 0.35% of the company’s stock.

A number of large investors have recently bought and sold shares of PG. Vanguard Group Inc. grew its position in shares of Procter & Gamble Company (The) by 2.3% during the second quarter. Vanguard Group Inc. now owns 180,730,770 shares of the company’s stock valued at $15,750,688,000 after purchasing an additional 4,066,266 shares in the last quarter. BlackRock Inc. grew its position in shares of Procter & Gamble Company (The) by 1.4% during the second quarter. BlackRock Inc. now owns 156,361,011 shares of the company’s stock valued at $13,626,862,000 after purchasing an additional 2,164,426 shares in the last quarter. Trian Fund Management L.P. grew its position in shares of Procter & Gamble Company (The) by 2.4% during the second quarter. Trian Fund Management L.P. now owns 37,612,012 shares of the company’s stock valued at $3,277,887,000 after purchasing an additional 893,157 shares in the last quarter. American Century Companies Inc. grew its position in shares of Procter & Gamble Company (The) by 8.1% during the second quarter. American Century Companies Inc. now owns 12,490,795 shares of the company’s stock valued at $1,088,573,000 after purchasing an additional 934,179 shares in the last quarter. Finally, Capital Research Global Investors grew its position in shares of Procter & Gamble Company (The) by 74.2% during the second quarter. Capital Research Global Investors now owns 12,389,104 shares of the company’s stock valued at $1,079,710,000 after purchasing an additional 5,278,359 shares in the last quarter. 59.33% of the stock is currently owned by institutional investors and hedge funds.

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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