Barclays Reaffirms Hold Rating for Procter & Gamble (PG)

Barclays restated their hold rating on shares of Procter & Gamble (NYSE:PG) in a research report sent to investors on Tuesday morning. They currently have a $89.00 price target on the stock.

A number of other brokerages have also recently issued reports on PG. Macquarie increased their price objective on shares of Procter & Gamble from $86.00 to $92.00 and gave the company an outperform rating in a research note on Monday, October 22nd. Societe Generale set a $87.00 price objective on shares of Procter & Gamble and gave the stock a hold rating in a report on Tuesday, October 23rd. TD Securities reissued a hold rating on shares of Procter & Gamble in a report on Thursday, November 8th. UBS Group increased their price objective on shares of Procter & Gamble from $82.00 to $87.00 and gave the stock a neutral rating in a report on Monday, October 22nd. Finally, Morgan Stanley set a $91.00 price objective on shares of Procter & Gamble and gave the stock a hold rating in a report on Monday, October 22nd. One analyst has rated the stock with a sell rating, twelve have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Procter & Gamble currently has an average rating of Hold and an average price target of $90.42.

PG stock traded up $0.14 during trading hours on Tuesday, hitting $91.31. The company’s stock had a trading volume of 2,693,122 shares, compared to its average volume of 10,602,179. The company has a quick ratio of 0.62, a current ratio of 0.80 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $229.29 billion, a price-to-earnings ratio of 21.64, a P/E/G ratio of 2.96 and a beta of 0.38. Procter & Gamble has a 12 month low of $70.73 and a 12 month high of $96.89.



Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Friday, October 19th. The company reported $1.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.03. The business had revenue of $16.69 billion during the quarter, compared to the consensus estimate of $16.45 billion. Procter & Gamble had a net margin of 15.10% and a return on equity of 21.20%. Procter & Gamble’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.09 EPS. On average, research analysts expect that Procter & Gamble will post 4.42 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, February 15th. Investors of record on Friday, January 18th will be given a $0.7172 dividend. The ex-dividend date is Thursday, January 17th. This represents a $2.87 dividend on an annualized basis and a dividend yield of 3.14%. Procter & Gamble’s dividend payout ratio is 68.01%.

In other Procter & Gamble news, insider Carolyn M. Tastad sold 19,791 shares of the firm’s stock in a transaction that occurred on Wednesday, November 28th. The shares were sold at an average price of $92.71, for a total transaction of $1,834,823.61. Following the sale, the insider now directly owns 60,575 shares in the company, valued at approximately $5,615,908.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman Jon R. Moeller sold 228,905 shares of the firm’s stock in a transaction that occurred on Tuesday, November 13th. The stock was sold at an average price of $91.88, for a total transaction of $21,031,791.40. Following the sale, the insider now owns 209,033 shares in the company, valued at $19,205,952.04. The disclosure for this sale can be found here. Insiders sold a total of 502,927 shares of company stock worth $46,437,282 over the last quarter. 1.84% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in PG. Moody Aldrich Partners LLC bought a new position in Procter & Gamble during the second quarter worth $73,142,000. Ayalon Holdings Ltd. acquired a new stake in shares of Procter & Gamble during the third quarter worth $108,000. First Mercantile Trust Co. acquired a new stake in shares of Procter & Gamble during the third quarter worth $111,000. RPg Family Wealth Advisory LLC lifted its holdings in shares of Procter & Gamble by 209.4% during the second quarter. RPg Family Wealth Advisory LLC now owns 1,349 shares of the company’s stock worth $105,000 after buying an additional 913 shares in the last quarter. Finally, Willingdon Wealth Management lifted its holdings in shares of Procter & Gamble by 4,668.6% during the third quarter. Willingdon Wealth Management now owns 1,669 shares of the company’s stock worth $139,000 after buying an additional 1,634 shares in the last quarter. Hedge funds and other institutional investors own 58.62% of the company’s stock.

Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.

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Analyst Recommendations for Procter & Gamble (NYSE:PG)

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