Procter & Gamble (NYSE:PG) Upgraded at Hsbc Global Res

Procter & Gamble (NYSE:PG) was upgraded by stock analysts at Hsbc Global Res to a “strong-buy” rating in a research note issued to investors on Friday, Zacks.com reports.

PG has been the topic of a number of other research reports. Dbs Bank cut Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. upped their price target on Procter & Gamble from $179.00 to $186.00 and gave the stock an “overweight” rating in a report on Thursday, September 19th. BNP Paribas assumed coverage on shares of Procter & Gamble in a research note on Monday, June 24th. They set an “outperform” rating and a $187.00 price objective on the stock. Stifel Nicolaus upped their target price on shares of Procter & Gamble from $157.00 to $161.00 and gave the company a “hold” rating in a research note on Monday, July 22nd. Finally, Wolfe Research raised shares of Procter & Gamble to a “strong-buy” rating in a research note on Friday, August 23rd. Nine investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $175.89.

Procter & Gamble Stock Performance

NYSE PG opened at $167.07 on Friday. The business’s 50-day simple moving average is $171.15 and its 200-day simple moving average is $166.55. The firm has a market capitalization of $394.31 billion, a P/E ratio of 27.30, a P/E/G ratio of 3.73 and a beta of 0.41. Procter & Gamble has a 1-year low of $141.60 and a 1-year high of $177.94. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.73 and a quick ratio of 0.53.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Tuesday, July 30th. The company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.03. The company had revenue of $20.53 billion during the quarter, compared to analyst estimates of $20.69 billion. Procter & Gamble had a net margin of 17.71% and a return on equity of 33.46%. The business’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.37 earnings per share. Equities analysts predict that Procter & Gamble will post 6.97 EPS for the current year.

Insider Buying and Selling at Procter & Gamble

In other news, CEO Jon R. Moeller sold 7,007 shares of Procter & Gamble stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $171.65, for a total value of $1,202,751.55. Following the completion of the transaction, the chief executive officer now directly owns 269,172 shares of the company’s stock, valued at approximately $46,203,373.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO Jon R. Moeller sold 7,007 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $171.65, for a total value of $1,202,751.55. Following the sale, the chief executive officer now owns 269,172 shares of the company’s stock, valued at approximately $46,203,373.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO R. Alexandra Keith sold 3,373 shares of the company’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $170.00, for a total value of $573,410.00. Following the transaction, the chief executive officer now owns 21,513 shares of the company’s stock, valued at approximately $3,657,210. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 383,194 shares of company stock worth $65,140,718 over the last 90 days. Insiders own 0.17% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Northwest Wealth Management LLC raised its position in shares of Procter & Gamble by 16.3% during the 4th quarter. Northwest Wealth Management LLC now owns 2,143 shares of the company’s stock worth $314,000 after buying an additional 300 shares in the last quarter. Putnam Investments LLC lifted its position in Procter & Gamble by 2.5% in the fourth quarter. Putnam Investments LLC now owns 4,584,974 shares of the company’s stock worth $671,882,000 after purchasing an additional 110,005 shares during the period. Nebula Research & Development LLC boosted its stake in Procter & Gamble by 299.7% during the 4th quarter. Nebula Research & Development LLC now owns 6,364 shares of the company’s stock valued at $933,000 after purchasing an additional 4,772 shares in the last quarter. First Financial Bankshares Inc acquired a new position in shares of Procter & Gamble during the 4th quarter valued at $647,000. Finally, Creative Planning raised its stake in shares of Procter & Gamble by 3.2% in the 4th quarter. Creative Planning now owns 1,331,563 shares of the company’s stock worth $195,127,000 after buying an additional 41,120 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

About Procter & Gamble

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.