Procter & Gamble (NYSE:PG) Coverage Initiated by Analysts at Wolfe Research

Wolfe Research initiated coverage on shares of Procter & Gamble (NYSE:PGGet Rating) in a research report released on Monday, The Fly reports. The firm issued an outperform rating on the stock.

A number of other equities research analysts also recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of Procter & Gamble from $155.00 to $156.00 and gave the company a buy rating in a research note on Thursday, October 20th. Credit Suisse Group lowered their target price on shares of Procter & Gamble from $140.00 to $130.00 and set a neutral rating on the stock in a research note on Tuesday, November 15th. StockNews.com raised shares of Procter & Gamble from a hold rating to a buy rating in a research note on Thursday, November 17th. Wells Fargo & Company lifted their price target on shares of Procter & Gamble from $150.00 to $155.00 and gave the stock an overweight rating in a research note on Wednesday, November 16th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Procter & Gamble from $152.00 to $140.00 and set a neutral rating on the stock in a research note on Thursday, October 13th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus target price of $151.46.

Procter & Gamble Price Performance

PG stock opened at $144.38 on Monday. The firm has a 50 day moving average of $133.29 and a 200-day moving average of $140.40. The company has a current ratio of 0.62, a quick ratio of 0.41 and a debt-to-equity ratio of 0.49. Procter & Gamble has a 12 month low of $122.18 and a 12 month high of $165.35. The firm has a market capitalization of $344.42 billion, a P/E ratio of 25.02, a price-to-earnings-growth ratio of 4.09 and a beta of 0.41.

Procter & Gamble (NYSE:PGGet Rating) last released its quarterly earnings data on Wednesday, October 19th. The company reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.55 by $0.02. Procter & Gamble had a net margin of 18.11% and a return on equity of 32.66%. The company had revenue of $20.61 billion during the quarter, compared to analyst estimates of $20.37 billion. During the same period last year, the business earned $1.61 earnings per share. Procter & Gamble’s revenue was up 1.3% compared to the same quarter last year. As a group, sell-side analysts predict that Procter & Gamble will post 5.83 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 15th. Investors of record on Friday, October 21st were issued a $0.9133 dividend. The ex-dividend date was Thursday, October 20th. This represents a $3.65 annualized dividend and a yield of 2.53%. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.91. Procter & Gamble’s payout ratio is 63.26%.

Insider Activity at Procter & Gamble

In related news, CEO Sundar G. Raman sold 14,922 shares of Procter & Gamble stock in a transaction on Thursday, November 10th. The shares were sold at an average price of $139.60, for a total value of $2,083,111.20. Following the sale, the chief executive officer now owns 12,310 shares in the company, valued at $1,718,476. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO Sundar G. Raman sold 14,922 shares of the business’s stock in a transaction on Thursday, November 10th. The shares were sold at an average price of $139.60, for a total transaction of $2,083,111.20. Following the sale, the chief executive officer now owns 12,310 shares in the company, valued at approximately $1,718,476. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO R. Alexandra Keith sold 33,968 shares of the business’s stock in a transaction on Tuesday, November 8th. The shares were sold at an average price of $137.44, for a total transaction of $4,668,561.92. Following the sale, the chief executive officer now owns 38,990 shares in the company, valued at approximately $5,358,785.60. The disclosure for this sale can be found here. Insiders have sold a total of 69,209 shares of company stock worth $9,708,325 over the last quarter. Corporate insiders own 0.26% of the company’s stock.

Institutional Trading of Procter & Gamble

A number of hedge funds have recently modified their holdings of the business. FourThought Financial LLC raised its position in shares of Procter & Gamble by 3.1% in the 3rd quarter. FourThought Financial LLC now owns 75,236 shares of the company’s stock worth $9,499,000 after purchasing an additional 2,257 shares during the last quarter. Integrated Investment Consultants LLC raised its position in shares of Procter & Gamble by 8.2% in the 3rd quarter. Integrated Investment Consultants LLC now owns 2,407 shares of the company’s stock worth $303,000 after purchasing an additional 182 shares during the last quarter. Bray Capital Advisors raised its position in shares of Procter & Gamble by 21.0% in the 3rd quarter. Bray Capital Advisors now owns 16,199 shares of the company’s stock worth $2,045,000 after purchasing an additional 2,815 shares during the last quarter. Sunbelt Securities Inc. raised its position in shares of Procter & Gamble by 3.8% in the 3rd quarter. Sunbelt Securities Inc. now owns 15,991 shares of the company’s stock worth $2,019,000 after purchasing an additional 588 shares during the last quarter. Finally, Power Corp of Canada purchased a new position in shares of Procter & Gamble in the 3rd quarter worth about $4,398,000. Institutional investors own 63.45% of the company’s stock.

About Procter & Gamble

(Get Rating)

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.

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Analyst Recommendations for Procter & Gamble (NYSE:PG)

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