Procter & Gamble (NYSE:PG) Given New $162.00 Price Target at Deutsche Bank Aktiengesellschaft

Procter & Gamble (NYSE:PG) had its target price lowered by Deutsche Bank Aktiengesellschaft from $171.00 to $162.00 in a research note released on Monday,Benzinga reports. The brokerage currently has a hold rating on the stock.

Other research analysts have also recently issued research reports about the company. UBS Group increased their price objective on Procter & Gamble from $161.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. Erste Group Bank lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Dbs Bank raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Friday, January 23rd. Piper Sandler started coverage on shares of Procter & Gamble in a report on Wednesday, January 7th. They issued a “neutral” rating and a $150.00 price target for the company. Finally, Barclays set a $155.00 price objective on shares of Procter & Gamble in a research note on Friday, January 16th. Twelve analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $167.83.

Procter & Gamble Price Performance

Shares of PG opened at $144.76 on Monday. The company has a current ratio of 0.72, a quick ratio of 0.51 and a debt-to-equity ratio of 0.49. The stock’s 50 day moving average is $153.93 and its two-hundred day moving average is $149.97. Procter & Gamble has a twelve month low of $137.62 and a twelve month high of $174.80. The firm has a market capitalization of $336.43 billion, a PE ratio of 21.45, a P/E/G ratio of 4.77 and a beta of 0.37.

Procter & Gamble (NYSE:PG) last issued its earnings results on Friday, January 23rd. The company reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.02. The business had revenue of $22.21 billion during the quarter, compared to the consensus estimate of $22.36 billion. Procter & Gamble had a return on equity of 32.21% and a net margin of 19.30%.The company’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.88 EPS. Research analysts anticipate that Procter & Gamble will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Friday, January 23rd were given a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Friday, January 23rd. Procter & Gamble’s payout ratio is presently 62.67%.

Insider Buying and Selling

In other news, insider Susan Street Whaley sold 1,809 shares of the firm’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $159.46, for a total value of $288,463.14. Following the completion of the transaction, the insider owned 30,215 shares in the company, valued at $4,818,083.90. This trade represents a 5.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Ma. Fatima Francisco sold 5,549 shares of Procter & Gamble stock in a transaction on Friday, February 27th. The stock was sold at an average price of $165.29, for a total value of $917,194.21. Following the transaction, the chief executive officer directly owned 1,029 shares of the company’s stock, valued at $170,083.41. This trade represents a 84.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 348,618 shares of company stock valued at $55,462,643 in the last three months. 0.20% of the stock is owned by insiders.

Institutional Trading of Procter & Gamble

Several institutional investors and hedge funds have recently modified their holdings of PG. Purpose Unlimited Inc. acquired a new position in shares of Procter & Gamble during the 4th quarter worth approximately $8,908,000. Cornerstone Planning LLC acquired a new stake in Procter & Gamble during the 4th quarter valued at $3,084,000. Rockefeller Capital Management L.P. increased its position in Procter & Gamble by 11.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,109,236 shares of the company’s stock worth $158,965,000 after buying an additional 114,301 shares in the last quarter. Lane Brothers & Co. Inc. purchased a new position in Procter & Gamble during the fourth quarter worth $293,000. Finally, World Investment Advisors raised its holdings in shares of Procter & Gamble by 15.9% in the fourth quarter. World Investment Advisors now owns 105,915 shares of the company’s stock worth $15,179,000 after acquiring an additional 14,492 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

About Procter & Gamble

Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.