Atlantic Securities assumed coverage on shares of Procter & Gamble (NYSE:PG) in a research report sent to investors on Thursday, The Fly reports. The firm issued an overweight rating and a $94.00 target price on the stock.

Several other research analysts also recently weighed in on the company. ValuEngine upgraded Procter & Gamble from a sell rating to a hold rating in a research note on Friday, August 17th. Wells Fargo & Co reaffirmed a hold rating and set a $78.00 price target on shares of Procter & Gamble in a research report on Thursday, August 16th. Deutsche Bank lifted their price target on Procter & Gamble from $84.00 to $85.00 and gave the stock a hold rating in a research report on Thursday, August 16th. Zacks Investment Research raised Procter & Gamble from a sell rating to a hold rating in a research report on Thursday, August 2nd. Finally, SunTrust Banks lifted their price target on Procter & Gamble to $80.00 and gave the stock a hold rating in a research report on Wednesday, August 1st. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $84.59.

Shares of PG stock opened at $85.82 on Thursday. Procter & Gamble has a 1-year low of $70.73 and a 1-year high of $93.51. The company has a current ratio of 0.83, a quick ratio of 0.66 and a debt-to-equity ratio of 0.40. The firm has a market cap of $216.35 billion, a P/E ratio of 20.34, a price-to-earnings-growth ratio of 2.76 and a beta of 0.57.

Procter & Gamble (NYSE:PG) last announced its earnings results on Tuesday, July 31st. The company reported $0.94 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.04. Procter & Gamble had a return on equity of 20.94% and a net margin of 14.59%. The firm had revenue of $16.50 billion for the quarter, compared to the consensus estimate of $16.52 billion. During the same period in the previous year, the business earned $0.85 EPS. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. equities research analysts forecast that Procter & Gamble will post 4.42 earnings per share for the current fiscal year.

In other news, insider Deborah P. Majoras sold 11,097 shares of the business’s stock in a transaction dated Wednesday, August 29th. The stock was sold at an average price of $83.53, for a total value of $926,932.41. Following the completion of the transaction, the insider now owns 46,096 shares of the company’s stock, valued at approximately $3,850,398.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Carolyn M. Tastad sold 4,181 shares of the business’s stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $83.52, for a total value of $349,197.12. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 147,186 shares of company stock valued at $12,080,849. 1.84% of the stock is currently owned by insiders.

Hedge funds have recently modified their holdings of the company. HC Financial Advisors Inc. purchased a new position in shares of Procter & Gamble in the 4th quarter valued at about $1,738,000. Norinchukin Bank The increased its stake in shares of Procter & Gamble by 21.7% in the 4th quarter. Norinchukin Bank The now owns 425,514 shares of the company’s stock valued at $39,096,000 after purchasing an additional 75,780 shares in the last quarter. Baird Financial Group Inc. increased its stake in shares of Procter & Gamble by 0.3% in the 4th quarter. Baird Financial Group Inc. now owns 929,266 shares of the company’s stock valued at $85,381,000 after purchasing an additional 2,908 shares in the last quarter. Dynamic Advisors Solutions LLC increased its stake in shares of Procter & Gamble by 14.8% in the 4th quarter. Dynamic Advisors Solutions LLC now owns 14,549 shares of the company’s stock valued at $1,336,000 after purchasing an additional 1,879 shares in the last quarter. Finally, Alpha Cubed Investments LLC increased its stake in shares of Procter & Gamble by 13.1% in the 4th quarter. Alpha Cubed Investments LLC now owns 224,412 shares of the company’s stock valued at $20,619,000 after purchasing an additional 26,025 shares in the last quarter. 58.32% of the stock is owned by institutional investors and hedge funds.

About Procter & Gamble

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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