Procter & Gamble (NYSE:PG) PT Lowered to $154.00

Procter & Gamble (NYSE:PGGet Rating) had its target price cut by Barclays from $157.00 to $154.00 in a research note issued to investors on Tuesday, Benzinga reports. They currently have an overweight rating on the stock.

Several other research firms have also issued reports on PG. Wells Fargo & Company decreased their price target on shares of Procter & Gamble from $170.00 to $160.00 in a research report on Friday, July 22nd. Raymond James lifted their price target on shares of Procter & Gamble from $175.00 to $180.00 and gave the stock an outperform rating in a research report on Thursday, April 21st. StockNews.com lowered shares of Procter & Gamble from a buy rating to a hold rating in a research report on Monday. UBS Group decreased their price target on shares of Procter & Gamble to $153.00 in a research report on Friday, July 22nd. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Procter & Gamble from $165.00 to $156.00 in a research report on Thursday, July 21st. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus target price of $162.93.

Procter & Gamble Price Performance

Shares of NYSE:PG opened at $144.65 on Tuesday. Procter & Gamble has a 12 month low of $129.50 and a 12 month high of $165.35. The stock has a market cap of $347.06 billion, a price-to-earnings ratio of 24.90, a PEG ratio of 3.92 and a beta of 0.35. The stock’s 50 day moving average price is $142.98 and its 200 day moving average price is $151.14. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.65 and a quick ratio of 0.45.

Procter & Gamble (NYSE:PGGet Rating) last announced its earnings results on Friday, July 29th. The company reported $1.21 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.02). Procter & Gamble had a return on equity of 32.52% and a net margin of 18.39%. The firm had revenue of $19.52 billion for the quarter, compared to the consensus estimate of $19.41 billion. During the same period in the previous year, the firm earned $1.13 EPS. Procter & Gamble’s revenue for the quarter was up 3.0% on a year-over-year basis. Equities research analysts anticipate that Procter & Gamble will post 5.94 earnings per share for the current fiscal year.

Procter & Gamble Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 15th. Shareholders of record on Friday, July 22nd will be given a dividend of $0.913 per share. This represents a $3.65 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date is Thursday, July 21st. Procter & Gamble’s dividend payout ratio is 62.82%.

Insiders Place Their Bets

In other news, CEO Sundar G. Raman sold 1,599 shares of the company’s stock in a transaction dated Thursday, July 7th. The shares were sold at an average price of $145.12, for a total transaction of $232,046.88. Following the completion of the transaction, the chief executive officer now owns 4,002 shares of the company’s stock, valued at $580,770.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Ma. Fatima Francisco sold 2,000 shares of the company’s stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $145.00, for a total value of $290,000.00. Following the sale, the chief executive officer now owns 5,026 shares of the company’s stock, valued at $728,770. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Sundar G. Raman sold 1,599 shares of the company’s stock in a transaction dated Thursday, July 7th. The stock was sold at an average price of $145.12, for a total transaction of $232,046.88. Following the sale, the chief executive officer now directly owns 4,002 shares in the company, valued at $580,770.24. The disclosure for this sale can be found here. Company insiders own 0.51% of the company’s stock.

Institutional Trading of Procter & Gamble

Large investors have recently added to or reduced their stakes in the company. Demars Financial Group LLC acquired a new position in Procter & Gamble in the fourth quarter valued at approximately $246,000. American Financial Advisors LLC acquired a new stake in Procter & Gamble in the fourth quarter worth $203,000. RFG Advisory LLC raised its holdings in Procter & Gamble by 4.1% in the fourth quarter. RFG Advisory LLC now owns 25,915 shares of the company’s stock worth $4,239,000 after purchasing an additional 1,030 shares during the period. Blodgett Wealth Advisors LLC acquired a new stake in Procter & Gamble in the fourth quarter worth $1,985,000. Finally, Hurlow Wealth Management Group Inc. raised its holdings in Procter & Gamble by 4.6% in the fourth quarter. Hurlow Wealth Management Group Inc. now owns 8,178 shares of the company’s stock worth $1,049,000 after purchasing an additional 362 shares during the period. 63.64% of the stock is owned by institutional investors.

Procter & Gamble Company Profile

(Get Rating)

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It operates in five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care.

See Also

Analyst Recommendations for Procter & Gamble (NYSE:PG)

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