Procter & Gamble (NYSE:PG) Earns Hold Rating from TD Cowen

Key Points

• TD Cowen reiterated a “hold” rating on Procter & Gamble and set a $150 price target, implying only 1.14% upside from the prior close. Analysts overall rate the stock “Moderate Buy,” with a consensus target of $161.55.
• Procter & Gamble reported quarterly EPS of $1.43, beating estimates by $0.02, while revenue of $21.20 billion fell short of the $21.38 billion consensus; revenue increased 1.5% year over year.
• Institutional investors own approximately 65.77% of the company, while insiders sold 6,627 shares worth about $953,417 during the last quarter, primarily to cover tax obligations from vested equity awards.

Procter & Gamble (NYSE:PG - Get Free Report)'s stock had its "hold" rating reiterated by equities researchers at TD Cowen in a research report issued to clients and investors on Wednesday, Benzinga reports. They currently have a $150.00 price target on the stock. TD Cowen's price target would indicate a potential upside of 1.14% from the company's previous close.

Several other research analysts have also issued reports on the company. Barclays increased their price target on Procter & Gamble from $146.00 to $152.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 21st. Citigroup lowered their price objective on shares of Procter & Gamble from $181.00 to $170.00 and set a "buy" rating on the stock in a report on Thursday, July 30th. Weiss Ratings reissued a "hold (c)" rating on shares of Procter & Gamble in a research report on Monday, September 21st. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Procter & Gamble in a research report on Wednesday, August 19th. Finally, BMO Capital Markets increased their price objective on Procter & Gamble from $169.00 to $170.00 and gave the stock an "outperform" rating in a research note on Monday, June 29th. Thirteen analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $161.55.

Procter & Gamble Price Performance

Shares of PG opened at $148.32 on Wednesday. The business's 50 day moving average price is $145.91 and its two-hundred day moving average price is $146.14. The firm has a market cap of $344.49 billion, a PE ratio of 22.40, a price-to-earnings-growth ratio of 3.70 and a beta of 0.39. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.47 and a current ratio of 0.68. Procter & Gamble has a 52-week low of $137.62 and a 52-week high of $167.25.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.02. The firm had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $21.38 billion. Procter & Gamble had a net margin of 18.44% and a return on equity of 31.36%. The business's revenue was up 1.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.48 earnings per share. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. On average, equities analysts anticipate that Procter & Gamble will post 6.99 EPS for the current year.

Insider Activity at Procter & Gamble

In other news, insider Susan Whaley sold 2,238 shares of the company's stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $143.79, for a total transaction of $321,802.02. Following the transaction, the insider owned 26,989 shares of the company's stock, valued at $3,880,748.31. This represents a 7.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Marc S. Pritchard sold 4,030 shares of Procter & Gamble stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $143.79, for a total value of $579,473.70. Following the completion of the sale, the insider directly owned 187,001 shares of the company's stock, valued at approximately $26,888,873.79. This trade represents a 2.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 6,627 shares of company stock worth $953,417. Insiders own 0.23% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in Procter & Gamble during the 2nd quarter worth about $27,862,105,000. State Street Corp boosted its holdings in Procter & Gamble by 1.0% in the 2nd quarter. State Street Corp now owns 102,216,308 shares of the company's stock valued at $14,988,999,000 after purchasing an additional 965,461 shares during the period. Bank of America Corp DE purchased a new stake in shares of Procter & Gamble in the second quarter worth $3,850,628,000. Franklin Resources Inc. grew its position in Procter & Gamble by 4.5% during the fourth quarter. Franklin Resources Inc. now owns 23,872,178 shares of the company's stock worth $3,421,122,000 after buying an additional 1,021,833 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in Procter & Gamble in the second quarter valued at approximately $2,281,505,000. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

About Procter & Gamble

The Procter & Gamble Company NYSE: PG is a consumer products company that develops, manufactures and markets branded products used in households and personal care routines. Its portfolio includes products in categories such as beauty, grooming, health care, fabric and home care, and family care.

Major brands associated with Procter & Gamble include Pampers, Tide, Gillette, Head & Shoulders, Pantene, Oral-B, Crest, Olay, Old Spice, Febreze, Mr. Clean, Swiffer and Bounty. The company sells its products through retailers, e-commerce platforms and other distribution channels.

Founded in Cincinnati, Ohio, in 1837 by William Procter and James Gamble, the company has grown into a global consumer goods business serving customers in markets around the world.