Procter & Gamble (NYSE:PG – Get Rating) had its price objective lowered by equities researchers at Evercore ISI to $145.00 in a report released on Thursday, Stock Target Advisor reports. Evercore ISI’s target price indicates a potential upside of 14.18% from the stock’s current price.
A number of other research firms also recently issued reports on PG. Wells Fargo & Company cut their price objective on shares of Procter & Gamble from $160.00 to $150.00 and set an “overweight” rating on the stock in a report on Monday, October 3rd. The Goldman Sachs Group downgraded shares of Procter & Gamble from a “buy” rating to a “neutral” rating and set a $143.00 price objective on the stock. in a report on Sunday, October 9th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Procter & Gamble from $155.00 to $156.00 and gave the stock a “buy” rating in a report on Thursday. StockNews.com started coverage on shares of Procter & Gamble in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, Raymond James cut their price target on shares of Procter & Gamble from $175.00 to $155.00 and set an “outperform” rating on the stock in a report on Wednesday, October 12th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $151.43.
Procter & Gamble Stock Down 2.0 %
NYSE PG traded down $2.57 during mid-day trading on Thursday, hitting $126.99. The company’s stock had a trading volume of 8,162,764 shares, compared to its average volume of 7,543,431. The company’s 50 day simple moving average is $136.65 and its 200 day simple moving average is $144.23. Procter & Gamble has a twelve month low of $122.18 and a twelve month high of $165.35. The company has a current ratio of 0.65, a quick ratio of 0.45 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $302.93 billion, a price-to-earnings ratio of 21.86, a PEG ratio of 3.67 and a beta of 0.39.
Procter & Gamble (NYSE:PG – Get Rating) last posted its quarterly earnings data on Wednesday, October 19th. The company reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.55 by $0.02. The firm had revenue of $20.61 billion for the quarter, compared to the consensus estimate of $20.37 billion. Procter & Gamble had a net margin of 18.39% and a return on equity of 32.67%. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.61 EPS. Analysts anticipate that Procter & Gamble will post 5.84 earnings per share for the current year.
Insider Activity
In other news, CFO Andre Schulten sold 987 shares of the company’s stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $149.33, for a total transaction of $147,388.71. Following the sale, the chief financial officer now directly owns 27,330 shares in the company, valued at $4,081,188.90. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, CFO Andre Schulten sold 987 shares of the company’s stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $149.33, for a total transaction of $147,388.71. Following the sale, the chief financial officer now directly owns 27,330 shares in the company, valued at $4,081,188.90. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Susan Street Whaley sold 907 shares of the company’s stock in a transaction dated Wednesday, August 17th. The shares were sold at an average price of $149.33, for a total value of $135,442.31. Following the sale, the insider now owns 6,253 shares in the company, valued at $933,760.49. The disclosure for this sale can be found here. Insiders have sold a total of 287,722 shares of company stock worth $42,327,379 over the last ninety days. Company insiders own 0.26% of the company’s stock.
Institutional Trading of Procter & Gamble
Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Procter & Gamble by 1.1% during the first quarter. Vanguard Group Inc. now owns 217,519,281 shares of the company’s stock valued at $33,236,946,000 after purchasing an additional 2,394,234 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Procter & Gamble by 4.3% during the first quarter. Bank of New York Mellon Corp now owns 23,740,255 shares of the company’s stock valued at $3,627,510,000 after purchasing an additional 983,197 shares during the period. Legal & General Group Plc boosted its stake in shares of Procter & Gamble by 3.6% during the second quarter. Legal & General Group Plc now owns 18,536,142 shares of the company’s stock valued at $2,665,327,000 after purchasing an additional 637,095 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of Procter & Gamble by 22.6% during the second quarter. Price T Rowe Associates Inc. MD now owns 16,567,690 shares of the company’s stock valued at $2,382,268,000 after purchasing an additional 3,054,844 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Procter & Gamble by 1.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 15,938,327 shares of the company’s stock valued at $2,435,377,000 after purchasing an additional 228,272 shares during the period. Hedge funds and other institutional investors own 63.45% of the company’s stock.
About Procter & Gamble
The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.