Procter & Gamble (NYSE:PG) Given “Hold” Rating at TD Cowen

Procter & Gamble (NYSE:PG)‘s stock had its “hold” rating reissued by TD Cowen in a research note issued to investors on Wednesday, Benzinga reports. They presently have a $150.00 price objective on the stock. TD Cowen’s target price points to a potential upside of 2.05% from the company’s current price.

Several other research firms also recently weighed in on PG. JPMorgan Chase & Co. cut their price target on Procter & Gamble from $164.00 to $162.00 and set an “overweight” rating for the company in a research note on Thursday, July 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Procter & Gamble in a research note on Monday, September 21st. Royal Bank Of Canada reiterated an “outperform” rating on shares of Procter & Gamble in a research note on Wednesday, August 19th. Jefferies Financial Group increased their price target on Procter & Gamble from $177.00 to $179.00 and gave the stock a “buy” rating in a research note on Friday, June 26th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and set a $149.00 price target on shares of Procter & Gamble in a research note on Monday, August 24th. Thirteen analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $161.55.

Procter & Gamble Stock Performance

Shares of PG stock traded down $1.34 on Wednesday, hitting $146.99. 1,442,067 shares of the stock were exchanged, compared to its average volume of 9,674,155. The company has a current ratio of 0.68, a quick ratio of 0.47 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $341.40 billion, a PE ratio of 22.20, a P/E/G ratio of 3.70 and a beta of 0.39. Procter & Gamble has a one year low of $137.62 and a one year high of $167.25. The firm’s 50 day moving average is $145.91 and its two-hundred day moving average is $146.14.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.02. The company had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $21.38 billion. Procter & Gamble had a return on equity of 31.36% and a net margin of 18.44%.The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.48 EPS. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. Sell-side analysts expect that Procter & Gamble will post 6.99 earnings per share for the current fiscal year.

Insider Buying and Selling at Procter & Gamble

In related news, CAO Matthew W. Janzaruk sold 359 shares of the firm’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $145.24, for a total transaction of $52,141.16. Following the transaction, the chief accounting officer directly owned 1,271 shares of the company’s stock, valued at approximately $184,600.04. This trade represents a 22.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Susan Whaley sold 2,238 shares of the firm’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $143.79, for a total value of $321,802.02. Following the transaction, the insider directly owned 26,989 shares in the company, valued at approximately $3,880,748.31. This represents a 7.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 6,627 shares of company stock valued at $953,417 in the last 90 days. Corporate insiders own 0.23% of the company’s stock.

Hedge Funds Weigh In On Procter & Gamble

A number of large investors have recently modified their holdings of the company. BlackRock Inc. bought a new position in Procter & Gamble during the 2nd quarter worth approximately $27,862,105,000. State Street Corp grew its position in Procter & Gamble by 1.0% during the 2nd quarter. State Street Corp now owns 102,216,308 shares of the company’s stock worth $14,988,999,000 after acquiring an additional 965,461 shares during the last quarter. Bank of America Corp DE bought a new position in Procter & Gamble during the 2nd quarter worth approximately $3,850,628,000. Franklin Resources Inc. grew its position in Procter & Gamble by 4.5% during the 4th quarter. Franklin Resources Inc. now owns 23,872,178 shares of the company’s stock worth $3,421,122,000 after acquiring an additional 1,021,833 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new position in Procter & Gamble during the 2nd quarter worth approximately $2,281,505,000. 65.77% of the stock is owned by hedge funds and other institutional investors.

About Procter & Gamble

The Procter & Gamble Company (NYSE: PG) is a consumer products company that develops, manufactures and markets branded products used in households and personal care routines. Its portfolio includes products in categories such as beauty, grooming, health care, fabric and home care, and family care.

Major brands associated with Procter & Gamble include Pampers, Tide, Gillette, Head & Shoulders, Pantene, Oral-B, Crest, Olay, Old Spice, Febreze, Mr. Clean, Swiffer and Bounty. The company sells its products through retailers, e-commerce platforms and other distribution channels.

Founded in Cincinnati, Ohio, in 1837 by William Procter and James Gamble, the company has grown into a global consumer goods business serving customers in markets around the world.