Deutsche Bank started coverage on shares of Procter & Gamble (NYSE:PG) in a research report released on Tuesday, December 19th. The firm issued a buy rating and a $91.88 price target on the stock.
A number of other brokerages have also weighed in on PG. Jefferies Group reiterated a buy rating and set a $104.00 target price (up from $103.00) on shares of Procter & Gamble in a research note on Wednesday, September 20th. Vetr raised shares of Procter & Gamble from a sell rating to a hold rating and set a $93.02 price objective for the company in a research report on Friday, September 15th. Macquarie initiated coverage on shares of Procter & Gamble in a research report on Thursday, September 14th. They set an outperform rating and a $102.00 price objective for the company. Bank of America boosted their price objective on shares of Procter & Gamble from $98.00 to $100.00 and gave the company a buy rating in a research report on Tuesday, September 19th. Finally, Zacks Investment Research downgraded shares of Procter & Gamble from a buy rating to a hold rating in a research report on Wednesday, October 18th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $89.31.
Shares of Procter & Gamble (PG) traded down $0.54 on Tuesday, reaching $89.61. 8,021,600 shares of the company’s stock were exchanged, compared to its average volume of 6,500,000. The stock has a market cap of $227,340.00, a price-to-earnings ratio of 23.96, a PEG ratio of 2.88 and a beta of 0.67. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.75 and a current ratio of 0.91. Procter & Gamble has a 1-year low of $83.37 and a 1-year high of $94.67.
Procter & Gamble (NYSE:PG) last announced its earnings results on Friday, October 20th. The company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.02. The business had revenue of $16.65 billion during the quarter, compared to analyst estimates of $16.69 billion. Procter & Gamble had a net margin of 23.72% and a return on equity of 20.35%. The company’s quarterly revenue was up .8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.03 EPS. research analysts expect that Procter & Gamble will post 4.19 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Friday, January 19th will be issued a dividend of $0.6896 per share. This represents a $2.76 annualized dividend and a dividend yield of 3.08%. The ex-dividend date of this dividend is Thursday, January 18th. Procter & Gamble’s dividend payout ratio (DPR) is presently 73.80%.
In other news, insider Marylynn Fergusonmchugh sold 4,363 shares of the company’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $87.00, for a total transaction of $379,581.00. Following the sale, the insider now directly owns 85,495 shares in the company, valued at approximately $7,438,065. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Carolyn M. Tastad sold 5,300 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $89.18, for a total transaction of $472,654.00. Following the sale, the insider now owns 57,191 shares in the company, valued at $5,100,293.38. The disclosure for this sale can be found here. Insiders have sold a total of 21,575 shares of company stock valued at $1,927,095 in the last three months. Insiders own 0.35% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the stock. Asset Planning Services Ltd. boosted its stake in Procter & Gamble by 0.4% in the second quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock valued at $104,000 after acquiring an additional 5 shares in the last quarter. Harding Loevner LP purchased a new position in shares of Procter & Gamble in the second quarter worth $119,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Procter & Gamble in the third quarter worth $125,000. Blume Capital Management Inc. raised its holdings in shares of Procter & Gamble by 25.4% during the second quarter. Blume Capital Management Inc. now owns 1,482 shares of the company’s stock worth $129,000 after purchasing an additional 300 shares during the last quarter. Finally, Riggs Asset Managment Co. Inc. raised its holdings in shares of Procter & Gamble by 11.9% during the first quarter. Riggs Asset Managment Co. Inc. now owns 1,603 shares of the company’s stock worth $144,000 after purchasing an additional 170 shares during the last quarter. 59.56% of the stock is currently owned by institutional investors.
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About Procter & Gamble
The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.
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