Procter & Gamble (NYSE:PG) shares hit a new 52-week high and low on Monday . The stock traded as low as $73.13 and last traded at $73.19, with a volume of 6704545 shares. The stock had previously closed at $73.80.
Several brokerages recently weighed in on PG. Barclays reaffirmed a “hold” rating and issued a $80.00 target price on shares of Procter & Gamble in a research report on Sunday. Morgan Stanley cut their target price on Procter & Gamble from $85.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Friday, April 20th. Argus lowered Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Friday, April 20th. Bank of America lowered Procter & Gamble from a “buy” rating to a “neutral” rating in a research report on Friday, April 20th. Finally, Deutsche Bank lowered Procter & Gamble from a “buy” rating to a “hold” rating and set a $101.00 target price on the stock. in a research report on Friday, April 20th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $83.91.
The company has a debt-to-equity ratio of 0.42, a current ratio of 0.91 and a quick ratio of 0.74. The stock has a market cap of $184,033.28, a P/E ratio of 18.49, a PEG ratio of 2.36 and a beta of 0.57.
Procter & Gamble (NYSE:PG) last announced its earnings results on Thursday, April 19th. The company reported $1.00 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.98 by $0.02. Procter & Gamble had a return on equity of 20.72% and a net margin of 15.17%. The business had revenue of $16.28 billion for the quarter, compared to analyst estimates of $16.22 billion. During the same period in the previous year, the company earned $0.96 earnings per share. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. analysts anticipate that Procter & Gamble will post 4.19 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 15th. Stockholders of record on Friday, April 20th will be given a dividend of $0.7172 per share. This represents a $2.87 dividend on an annualized basis and a dividend yield of 3.96%. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.69. The ex-dividend date is Thursday, April 19th. Procter & Gamble’s payout ratio is presently 73.21%.
In other news, insider Deborah P. Majoras sold 4,591 shares of Procter & Gamble stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $87.48, for a total transaction of $401,620.68. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Marylynn Fergusonmchugh sold 2,353 shares of Procter & Gamble stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $78.59, for a total value of $184,922.27. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 67,169 shares of company stock worth $5,541,569. Corporate insiders own 0.35% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Signature Estate & Investment Advisors LLC acquired a new position in Procter & Gamble in the fourth quarter worth about $103,000. Earnest Partners LLC acquired a new position in Procter & Gamble in the fourth quarter worth about $110,000. Harding Loevner LP acquired a new position in Procter & Gamble in the second quarter worth about $119,000. Cerebellum GP LLC acquired a new position in Procter & Gamble in the fourth quarter worth about $122,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in Procter & Gamble in the third quarter worth about $125,000. 60.93% of the stock is currently owned by institutional investors and hedge funds.
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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.
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