Procter & Gamble (NYSE:PG) Downgraded to Hold at StockNews.com

Procter & Gamble (NYSE:PGGet Rating) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

A number of other brokerages have also recently commented on PG. Morgan Stanley decreased their target price on Procter & Gamble from $177.00 to $160.00 and set an “overweight” rating on the stock in a report on Tuesday, October 4th. Deutsche Bank Aktiengesellschaft lifted their price target on Procter & Gamble from $156.00 to $162.00 and gave the stock a “buy” rating in a research report on Tuesday, December 6th. Wells Fargo & Company dropped their price target on Procter & Gamble from $168.00 to $162.00 and set an “overweight” rating for the company in a research report on Friday. Jefferies Financial Group raised their price objective on shares of Procter & Gamble from $149.00 to $164.00 in a research note on Tuesday, November 22nd. Finally, The Goldman Sachs Group downgraded shares of Procter & Gamble from a “buy” rating to a “neutral” rating and set a $143.00 price target for the company. in a research note on Sunday, October 9th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $152.07.

Procter & Gamble Trading Up 0.4 %

PG opened at $142.97 on Friday. Procter & Gamble has a one year low of $122.18 and a one year high of $165.35. The business has a 50 day simple moving average of $149.11 and a two-hundred day simple moving average of $142.07. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.62 and a quick ratio of 0.41. The firm has a market capitalization of $341.05 billion, a price-to-earnings ratio of 24.78, a PEG ratio of 4.32 and a beta of 0.42.

Procter & Gamble (NYSE:PGGet Rating) last posted its quarterly earnings results on Thursday, January 19th. The company reported $1.59 earnings per share for the quarter, hitting the consensus estimate of $1.59. Procter & Gamble had a return on equity of 32.66% and a net margin of 18.11%. The company had revenue of $20.77 billion for the quarter, compared to the consensus estimate of $20.75 billion. During the same quarter in the prior year, the business posted $1.66 EPS. The firm’s quarterly revenue was down .9% compared to the same quarter last year. Analysts predict that Procter & Gamble will post 5.83 EPS for the current year.

Insider Activity

In related news, CEO Sundar G. Raman sold 9,922 shares of Procter & Gamble stock in a transaction on Monday, November 21st. The shares were sold at an average price of $145.00, for a total transaction of $1,438,690.00. Following the sale, the chief executive officer now directly owns 12,312 shares in the company, valued at approximately $1,785,240. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Sundar G. Raman sold 9,922 shares of Procter & Gamble stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $145.00, for a total value of $1,438,690.00. Following the sale, the chief executive officer now owns 12,312 shares of the company’s stock, valued at $1,785,240. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO R. Alexandra Keith sold 33,968 shares of the firm’s stock in a transaction dated Tuesday, November 8th. The shares were sold at an average price of $137.44, for a total transaction of $4,668,561.92. Following the completion of the sale, the chief executive officer now owns 38,990 shares of the company’s stock, valued at approximately $5,358,785.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 58,812 shares of company stock worth $8,190,363. 0.26% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Procter & Gamble

A number of institutional investors have recently bought and sold shares of the stock. RDA Financial Network grew its holdings in Procter & Gamble by 1.2% during the second quarter. RDA Financial Network now owns 5,686 shares of the company’s stock valued at $818,000 after purchasing an additional 69 shares during the last quarter. Newbridge Financial Services Group Inc. lifted its position in Procter & Gamble by 1.8% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 3,824 shares of the company’s stock worth $580,000 after purchasing an additional 69 shares during the period. Nikulski Financial Inc. lifted its position in Procter & Gamble by 3.8% in the second quarter. Nikulski Financial Inc. now owns 1,920 shares of the company’s stock worth $276,000 after purchasing an additional 71 shares during the period. Calton & Associates Inc. lifted its position in Procter & Gamble by 2.0% in the fourth quarter. Calton & Associates Inc. now owns 3,536 shares of the company’s stock worth $536,000 after purchasing an additional 71 shares during the period. Finally, Bourgeon Capital Management LLC lifted its position in Procter & Gamble by 39.9% in the fourth quarter. Bourgeon Capital Management LLC now owns 249 shares of the company’s stock worth $38,000 after purchasing an additional 71 shares during the period. 62.13% of the stock is currently owned by hedge funds and other institutional investors.

Procter & Gamble Company Profile

(Get Rating)

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.

See Also

Analyst Recommendations for Procter & Gamble (NYSE:PG)

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