Procter & Gamble (NYSE:PG) had its price objective decreased by Stifel Nicolaus from $85.00 to $83.00 in a research report released on Wednesday. Stifel Nicolaus currently has a hold rating on the stock.
Several other equities analysts also recently weighed in on PG. Berenberg Bank started coverage on shares of Procter & Gamble in a research note on Wednesday, February 28th. They issued a sell rating and a $78.50 target price for the company. Vetr upgraded shares of Procter & Gamble from a buy rating to a strong-buy rating and set a $96.92 target price for the company in a research note on Thursday, February 1st. SunTrust Banks reiterated a hold rating and issued a $90.00 target price on shares of Procter & Gamble in a research note on Tuesday, January 23rd. Zacks Investment Research downgraded shares of Procter & Gamble from a buy rating to a hold rating in a research note on Wednesday, April 4th. Finally, Bank of America reduced their target price on shares of Procter & Gamble from $100.00 to $90.00 and set a buy rating for the company in a research note on Thursday, April 12th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $84.13.
NYSE PG opened at $73.80 on Wednesday. Procter & Gamble has a 52-week low of $73.74 and a 52-week high of $94.67. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.94 and a quick ratio of 0.79. The stock has a market cap of $188,949.23, a P/E ratio of 18.83, a P/E/G ratio of 2.37 and a beta of 0.57.
Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Thursday, April 19th. The company reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.02. Procter & Gamble had a net margin of 15.17% and a return on equity of 20.82%. The business had revenue of $16.28 billion during the quarter, compared to the consensus estimate of $16.22 billion. During the same quarter last year, the company posted $0.96 earnings per share. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. equities research analysts anticipate that Procter & Gamble will post 4.2 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 15th. Stockholders of record on Friday, April 20th will be given a $0.7172 dividend. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.69. This represents a $2.87 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date is Thursday, April 19th. Procter & Gamble’s dividend payout ratio (DPR) is 73.21%.
In other news, Vice Chairman Jon R. Moeller sold 3,252 shares of the firm’s stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $78.59, for a total value of $255,574.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Marylynn Fergusonmchugh sold 2,353 shares of the firm’s stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $78.59, for a total transaction of $184,922.27. The disclosure for this sale can be found here. Insiders sold 114,011 shares of company stock valued at $9,710,976 over the last 90 days. 0.35% of the stock is owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in PG. Truepoint Inc. lifted its position in Procter & Gamble by 8,711.3% during the third quarter. Truepoint Inc. now owns 26,889,686 shares of the company’s stock valued at $26,890,000 after purchasing an additional 26,584,514 shares during the last quarter. American International Group Inc. lifted its position in Procter & Gamble by 448.0% during the fourth quarter. American International Group Inc. now owns 6,567,310 shares of the company’s stock valued at $603,404,000 after purchasing an additional 5,368,843 shares during the last quarter. Capital Research Global Investors lifted its position in Procter & Gamble by 74.2% during the second quarter. Capital Research Global Investors now owns 12,389,104 shares of the company’s stock valued at $1,079,710,000 after purchasing an additional 5,278,359 shares during the last quarter. Janus Henderson Group PLC lifted its position in Procter & Gamble by 1,244.6% during the second quarter. Janus Henderson Group PLC now owns 4,500,564 shares of the company’s stock valued at $392,226,000 after purchasing an additional 4,165,862 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in Procter & Gamble by 2.3% during the second quarter. Vanguard Group Inc. now owns 180,730,770 shares of the company’s stock valued at $15,750,688,000 after purchasing an additional 4,066,266 shares during the last quarter. Institutional investors own 60.95% of the company’s stock.
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About Procter & Gamble
The Procter & Gamble Company provides branded consumer packaged goods to consumers in the United States, Canada, Puerto Rico, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company's Beauty segment offers hair care products, including conditioners, shampoos, styling aids, and treatments; and skin and personal care products, such as antiperspirant and deodorant, personal cleansing, and skin care products.