Procter & Gamble (NYSE:PG) Given New $166.00 Price Target at UBS Group

Procter & Gamble (NYSE:PGFree Report) had its price objective decreased by UBS Group from $170.00 to $166.00 in a research note issued to investors on Tuesday,Benzinga reports. UBS Group currently has a buy rating on the stock.

A number of other equities analysts also recently weighed in on PG. Dbs Bank upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. Jefferies Financial Group upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and boosted their target price for the stock from $156.00 to $179.00 in a report on Tuesday, December 16th. Weiss Ratings restated a “hold (c)” rating on shares of Procter & Gamble in a report on Friday, March 27th. JPMorgan Chase & Co. upgraded shares of Procter & Gamble from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $157.00 to $165.00 in a report on Friday, January 23rd. Finally, Wells Fargo & Company reiterated an “overweight” rating and issued a $177.00 price objective on shares of Procter & Gamble in a report on Tuesday, February 17th. Twelve research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $166.83.

Check Out Our Latest Report on PG

Procter & Gamble Price Performance

Shares of PG opened at $141.17 on Tuesday. The company has a market cap of $328.07 billion, a price-to-earnings ratio of 20.91, a PEG ratio of 5.04 and a beta of 0.41. Procter & Gamble has a 1-year low of $137.62 and a 1-year high of $171.65. The company’s fifty day simple moving average is $153.28 and its 200 day simple moving average is $149.35. The company has a current ratio of 0.72, a quick ratio of 0.51 and a debt-to-equity ratio of 0.49.

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

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Friday, January 23rd were issued a $1.0568 dividend. This represents a $4.23 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Friday, January 23rd. Procter & Gamble’s payout ratio is currently 62.67%.

Insiders Place Their Bets

In related news, insider Moses Victor Javier Aguilar sold 15,169 shares of the company’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $162.28, for a total value of $2,461,625.32. Following the transaction, the insider directly owned 44,735 shares in the company, valued at approximately $7,259,595.80. This represents a 25.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Marc S. Pritchard sold 95,903 shares of the company’s stock in a transaction dated Friday, January 23rd. The shares were sold at an average price of $151.15, for a total transaction of $14,495,738.45. Following the completion of the transaction, the insider owned 182,607 shares in the company, valued at $27,601,048.05. This trade represents a 34.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 348,618 shares of company stock valued at $55,462,643 in the last three months. Insiders own 0.20% of the company’s stock.

Hedge Funds Weigh In On Procter & Gamble

Several institutional investors and hedge funds have recently modified their holdings of PG. Norges Bank acquired a new position in shares of Procter & Gamble in the fourth quarter valued at about $4,664,783,000. Cardano Risk Management B.V. grew its stake in shares of Procter & Gamble by 1,104.8% in the fourth quarter. Cardano Risk Management B.V. now owns 9,521,440 shares of the company’s stock valued at $1,364,518,000 after acquiring an additional 8,731,126 shares in the last quarter. Auto Owners Insurance Co grew its stake in shares of Procter & Gamble by 14,231.0% in the fourth quarter. Auto Owners Insurance Co now owns 3,549,645 shares of the company’s stock valued at $508,700,000 after acquiring an additional 3,524,876 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Procter & Gamble by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 237,459,756 shares of the company’s stock valued at $34,030,358,000 after acquiring an additional 2,829,151 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in shares of Procter & Gamble by 100.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 5,460,939 shares of the company’s stock valued at $782,607,000 after acquiring an additional 2,741,924 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble News Summary

Here are the key news stories impacting Procter & Gamble this week:

Procter & Gamble Company Profile

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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.

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Analyst Recommendations for Procter & Gamble (NYSE:PG)

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