Procter & Gamble (NYSE:PG) Trading Down 1% Following Analyst Downgrade

Shares of Procter & Gamble Company (The) (NYSE:PG) fell 1% during trading on Monday after Bank of America lowered their price target on the stock from $171.00 to $167.00. Bank of America currently has a buy rating on the stock. Procter & Gamble traded as low as $142.63 and last traded at $143.66. 7,107,657 shares were traded during mid-day trading, a decline of 37% from the average session volume of 11,292,053 shares. The stock had previously closed at $145.16.

Several other analysts also recently commented on the stock. Jefferies Financial Group upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and increased their target price for the company from $156.00 to $179.00 in a report on Tuesday, December 16th. Barclays set a $155.00 price target on shares of Procter & Gamble in a research report on Friday, January 16th. Wells Fargo & Company reduced their price target on shares of Procter & Gamble from $177.00 to $158.00 and set an “overweight” rating for the company in a research report on Wednesday, April 8th. The Goldman Sachs Group reduced their price target on shares of Procter & Gamble from $159.00 to $155.00 and set a “neutral” rating for the company in a research report on Wednesday, April 8th. Finally, Rothschild & Co Redburn increased their price target on shares of Procter & Gamble from $155.00 to $157.00 and gave the company a “neutral” rating in a research report on Friday, January 23rd. Twelve investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, Procter & Gamble has a consensus rating of “Moderate Buy” and an average price target of $163.89.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 15,169 shares of the stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $162.28, for a total transaction of $2,461,625.32. Following the completion of the transaction, the insider owned 44,735 shares in the company, valued at $7,259,595.80. This trade represents a 25.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Gary A. Coombe sold 36,093 shares of the stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $162.33, for a total transaction of $5,858,976.69. Following the transaction, the chief executive officer owned 34,994 shares of the company’s stock, valued at $5,680,576.02. This represents a 50.77% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 348,618 shares of company stock valued at $55,462,643 in the last 90 days. 0.20% of the stock is currently owned by company insiders.

More Procter & Gamble News

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

• Positive Sentiment: Investor rotation into reliable, dividend-bearing consumer names could support PG as investors move away from more volatile AI/tech bets. The “Great Rotation” Out of Artificial Intelligence (AI) Stocks Has Arrived. Here’s What Smart Money Is Buying Instead.
• Neutral Sentiment: Management shakeups and weakness at peer Conagra may influence sentiment across packaged-foods stocks but are not specific to PG’s fundamentals; Conagra named John Brase as CEO (effective June 1) and its shares fell on the news. Conagra Brands appoints former JM Smucker exec John Brase as CEO Conagra stock falls after the company names new CEO Conagra Hires John Brase to Replace Sean Connolly as President, CEO Slim Jim Maker Conagra Replacing CEO After 60% Stock Slide
• Negative Sentiment: Reporting notes Texas consumer-product probes now include Procter & Gamble, raising short-term regulatory and reputational risk headlines that can pressure the stock. Lululemon Stock Falls After Texas Opens PFAS Investigation Into Apparel
• Negative Sentiment: Bank of America cut its price target on PG to $167, a visible analyst move that often prompts selling and weighs on intraday sentiment. Bank of America Cuts Procter & Gamble (NYSE:PG) Price Target to $167.00
• Negative Sentiment: MarketWatch highlighted PG underperforming peers on Monday, reinforcing the narrative of near-term relative weakness in the stock. Procter & Gamble Co. stock underperforms Monday when compared to competitors
• Negative Sentiment: Smaller analyst actions are already showing market impact: coverage noted PG trading down after a recent analyst downgrade. Procter & Gamble (NYSE:PG) Trading Down 1% Following Analyst Downgrade

Hedge Funds Weigh In On Procter & Gamble

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Halbert Hargrove Global Advisors LLC bought a new position in Procter & Gamble during the third quarter worth about $25,000. E Fund Management Hong Kong Co. Ltd. boosted its position in Procter & Gamble by 1,000.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 165 shares of the company’s stock worth $25,000 after purchasing an additional 150 shares during the period. Park Square Financial Group LLC boosted its position in Procter & Gamble by 65.1% during the fourth quarter. Park Square Financial Group LLC now owns 180 shares of the company’s stock worth $26,000 after purchasing an additional 71 shares during the period. Evolution Wealth Management Inc. boosted its position in Procter & Gamble by 1,315.4% during the fourth quarter. Evolution Wealth Management Inc. now owns 184 shares of the company’s stock worth $26,000 after purchasing an additional 171 shares during the period. Finally, Litman Gregory Wealth Management LLC bought a new position in Procter & Gamble during the fourth quarter worth about $26,000. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Price Performance

The business’s 50-day simple moving average is $152.85 and its two-hundred day simple moving average is $149.15. The company has a quick ratio of 0.51, a current ratio of 0.72 and a debt-to-equity ratio of 0.49. The stock has a market cap of $333.87 billion, a P/E ratio of 21.28, a price-to-earnings-growth ratio of 5.11 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Friday, January 23rd. The company reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.02. Procter & Gamble had a net margin of 19.30% and a return on equity of 32.21%. The company had revenue of $22.21 billion during the quarter, compared to analyst estimates of $22.36 billion. During the same period last year, the business earned $1.88 earnings per share. Procter & Gamble’s revenue was up 1.5% compared to the same quarter last year. Sell-side analysts expect that Procter & Gamble Company will post 6.91 EPS for the current year.

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.