Procter & Gamble (NYSE:PG) Stock Rating Reaffirmed as “Hold” by TD Cowen

Procter & Gamble (NYSE:PG)‘s stock had its “hold” rating restated by stock analysts at TD Cowen in a research report issued on Wednesday, Benzinga reports. They currently have a $150.00 price target on the stock. TD Cowen’s price objective would indicate a potential upside of 2.27% from the stock’s current price.

A number of other analysts have also commented on the company. Bank of America dropped their price target on Procter & Gamble from $170.00 to $166.00 and set a “buy” rating for the company in a research note on Friday, July 10th. HSBC reaffirmed a “hold” rating and issued a $149.00 price objective (down from $182.00) on shares of Procter & Gamble in a report on Thursday, July 30th. Barclays raised their price objective on Procter & Gamble from $146.00 to $152.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Procter & Gamble in a report on Monday, September 21st. Finally, Jefferies Financial Group upped their price target on shares of Procter & Gamble from $177.00 to $179.00 and gave the company a “buy” rating in a research note on Friday, June 26th. Thirteen research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $161.55.

Procter & Gamble Price Performance

Shares of NYSE PG traded down $1.65 during mid-day trading on Wednesday, reaching $146.67. 1,882,450 shares of the company were exchanged, compared to its average volume of 9,677,059. Procter & Gamble has a 52 week low of $137.62 and a 52 week high of $167.25. The company’s 50 day moving average price is $145.91 and its 200 day moving average price is $146.14. The stock has a market capitalization of $340.67 billion, a PE ratio of 22.15, a PEG ratio of 3.70 and a beta of 0.39. The company has a quick ratio of 0.47, a current ratio of 0.68 and a debt-to-equity ratio of 0.43.

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

Insider Transactions at Procter & Gamble

In other news, CAO Matthew Janzaruk sold 359 shares of the stock in a transaction on Monday, August 24th. The shares were sold at an average price of $145.24, for a total value of $52,141.16. Following the sale, the chief accounting officer owned 1,271 shares in the company, valued at $184,600.04. This represents a 22.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Susan Whaley sold 2,238 shares of the company’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $143.79, for a total value of $321,802.02. Following the completion of the sale, the insider owned 26,989 shares in the company, valued at $3,880,748.31. The trade was a 7.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 6,627 shares of company stock worth $953,417. Company insiders own 0.23% of the company’s stock.

Institutional Investors Weigh In On Procter & Gamble

A number of hedge funds have recently bought and sold shares of the stock. Baxter Bros Inc. acquired a new position in shares of Procter & Gamble during the 2nd quarter worth about $12,381,000. Empowered Funds LLC acquired a new position in Procter & Gamble during the second quarter valued at approximately $53,549,000. Cibc World Market Inc. raised its holdings in Procter & Gamble by 40.6% in the fourth quarter. Cibc World Market Inc. now owns 511,833 shares of the company’s stock worth $73,351,000 after purchasing an additional 147,701 shares during the period. Resources Management Corp CT ADV boosted its position in shares of Procter & Gamble by 41.8% during the fourth quarter. Resources Management Corp CT ADV now owns 81,511 shares of the company’s stock worth $11,681,000 after purchasing an additional 24,010 shares in the last quarter. Finally, Rokos Capital Management LLP acquired a new position in shares of Procter & Gamble in the 1st quarter valued at $29,914,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Company Profile

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.