Procter & Gamble (PG) Research Coverage Started at Deutsche Bank

Deutsche Bank assumed coverage on shares of Procter & Gamble (NYSE:PG) in a report released on Wednesday, Marketbeat Ratings reports. The firm issued a buy rating and a $101.00 price objective on the stock.

A number of other research analysts have also recently issued reports on PG. Jefferies Group reiterated a buy rating and set a $92.44 price objective (down previously from $103.00) on shares of Procter & Gamble in a research note on Thursday, August 17th. BidaskClub upgraded Procter & Gamble from a hold rating to a buy rating in a research note on Saturday, August 19th. Vetr upgraded Procter & Gamble from a hold rating to a buy rating and set a $93.02 price objective for the company in a research note on Monday, October 23rd. Bank of America lifted their price objective on Procter & Gamble from $98.00 to $100.00 and gave the company a buy rating in a research note on Tuesday, September 19th. Finally, Stifel Nicolaus set a $87.00 price objective on Procter & Gamble and gave the company a hold rating in a research note on Friday, October 20th. Two equities research 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 company has a consensus rating of Hold and a consensus price target of $88.31.

Shares of Procter & Gamble (PG) traded up $0.89 during trading hours on Wednesday, reaching $91.89. The company’s stock had a trading volume of 15,919,915 shares, compared to its average volume of 6,060,096. The stock has a market capitalization of $230,863.17, a PE ratio of 22.86, a price-to-earnings-growth ratio of 2.93 and a beta of 0.67. Procter & Gamble has a 1-year low of $83.24 and a 1-year high of $94.67. The company has a quick ratio of 0.75, a current ratio of 0.91 and a debt-to-equity ratio of 0.37.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Friday, October 20th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.07 by $0.02. The business had revenue of $16.65 billion during the quarter, compared to analysts’ expectations of $16.69 billion. Procter & Gamble had a return on equity of 20.35% and a net margin of 23.72%. The firm’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.03 earnings per share. sell-side analysts predict that Procter & Gamble will post 4.17 EPS for the current fiscal year.

In related news, insider Ioannis Skoufalos sold 2,880 shares of Procter & Gamble stock in a transaction on Friday, November 17th. The stock was sold at an average price of $88.75, for a total value of $255,600.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider R. Alexandra Keith sold 1,298 shares of Procter & Gamble stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $89.11, for a total value of $115,664.78. Following the completion of the sale, the insider now directly owns 20,135 shares of the company’s stock, valued at approximately $1,794,229.85. The disclosure for this sale can be found here. In the last three months, insiders sold 21,575 shares of company stock valued at $1,927,095. Corporate insiders own 0.35% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Truepoint Inc. lifted its position in Procter & Gamble by 8,711.3% during the third quarter. Truepoint Inc. now owns 26,889,686 shares of the company’s stock valued at $26,890,000 after purchasing an additional 26,584,514 shares in the last quarter. Capital Research Global Investors lifted its position in Procter & Gamble 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. Janus Henderson Group PLC lifted its position in Procter & Gamble by 1,244.6% during the second quarter. Janus Henderson Group PLC now owns 4,500,564 shares of the company’s stock valued at $392,226,000 after purchasing an additional 4,165,862 shares in the last quarter. Vanguard Group Inc. lifted its position in Procter & Gamble 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. Finally, Stifel Financial Corp lifted its position in Procter & Gamble by 60,483.0% during the third quarter. Stifel Financial Corp now owns 2,423,319 shares of the company’s stock valued at $220,392,000 after purchasing an additional 2,419,319 shares in the last quarter. 59.54% of the stock is owned by institutional investors.

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Procter & Gamble Company Profile

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 (NYSE:PG)

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