Procter & Gamble (PG) Receives New Coverage from Analysts at Deutsche Bank

Deutsche Bank began coverage on shares of Procter & Gamble (NYSE:PG) in a report released on Wednesday morning. The firm issued a buy rating and a $101.00 target price on the stock.

Several other analysts have also commented on the company. Jefferies Group reaffirmed a buy rating and set a $104.00 target price (up from $103.00) on shares of Procter & Gamble in a report on Wednesday, September 20th. Zacks Investment Research lowered Procter & Gamble from a buy rating to a hold rating in a report on Wednesday, October 18th. Goldman Sachs Group reissued a sell rating on shares of Procter & Gamble in a report on Wednesday, October 4th. Vetr lowered Procter & Gamble from a buy rating to a hold rating and set a $90.38 price objective on the stock. in a report on Tuesday, November 7th. Finally, Royal Bank of Canada reissued a buy rating on shares of Procter & Gamble in a report on Monday, October 23rd. Two 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 stock. The company currently has an average rating of Hold and an average price target of $88.31.

Procter & Gamble (NYSE PG) traded up $1.03 during trading on Wednesday, reaching $90.88. The company had a trading volume of 7,141,000 shares, compared to its average volume of 7,359,132. The firm has a market capitalization of $227,945.67, a price-to-earnings ratio of 22.58, a price-to-earnings-growth ratio of 2.89 and a beta of 0.67. Procter & Gamble has a 12-month low of $83.24 and a 12-month high of $94.67. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.75 and a current ratio of 0.91.

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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Friday, October 20th were given a dividend of $0.6896 per share. The ex-dividend date was Thursday, October 19th. This represents a $2.76 dividend on an annualized basis and a yield of 3.04%. Procter & Gamble’s payout ratio is 48.51%.

In other Procter & Gamble news, insider Marylynn Fergusonmchugh sold 2,856 shares of Procter & Gamble stock in a transaction on Monday, October 16th. The stock was sold at an average price of $92.98, for a total value of $265,550.88. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider R. Alexandra Keith sold 1,298 shares of Procter & Gamble stock in a transaction on Wednesday, November 29th. The shares were 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 owns 20,135 shares in the company, valued at approximately $1,794,229.85. The disclosure for this sale can be found here. Insiders sold 21,575 shares of company stock worth $1,927,095 in the last 90 days. Company insiders own 0.35% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Asset Planning Services Ltd. grew its stake in Procter & Gamble by 0.4% during the 2nd quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock worth $104,000 after purchasing an additional 5 shares in the last quarter. Harding Loevner LP acquired a new position in Procter & Gamble during the 2nd quarter worth $119,000. Kohmann Bosshard Financial Services LLC acquired a new position in Procter & Gamble during the 3rd quarter worth $125,000. Blume Capital Management Inc. grew its stake in Procter & Gamble by 25.4% during the 2nd quarter. Blume Capital Management Inc. now owns 1,482 shares of the company’s stock worth $129,000 after purchasing an additional 300 shares in the last quarter. Finally, Riggs Asset Managment Co. Inc. grew its stake in Procter & Gamble by 11.9% during the 1st quarter. Riggs Asset Managment Co. Inc. now owns 1,603 shares of the company’s stock worth $144,000 after purchasing an additional 170 shares in the last quarter. 59.54% of the stock is owned by institutional investors and hedge funds.

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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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