Several other research analysts also recently commented on PG. ValuEngine raised shares of Procter & Gamble from a sell rating to a hold rating in a report on Friday, August 17th. Wells Fargo & Co reissued a hold rating and set a $78.00 price objective on shares of Procter & Gamble in a report on Thursday, August 16th. Atlantic Securities started coverage on shares of Procter & Gamble in a report on Thursday, September 20th. They set an overweight rating and a $94.00 price objective for the company. Jefferies Financial Group lowered Procter & Gamble to a hold rating and set a $79.00 price target for the company. in a research note on Tuesday, July 31st. Finally, UBS Group lowered Procter & Gamble from a buy rating to a neutral rating and set a $83.00 price target for the company. in a research note on Wednesday, July 18th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of Hold and an average price target of $87.66.
NYSE PG opened at $89.00 on Monday. The stock has a market capitalization of $218.32 billion, a PE ratio of 21.09, a price-to-earnings-growth ratio of 2.90 and a beta of 0.59. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.80 and a quick ratio of 0.62. Procter & Gamble has a twelve month low of $70.73 and a twelve month high of $93.14.
Procter & Gamble (NYSE:PG) last issued its earnings results on Friday, October 19th. The company reported $1.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.09 by $0.03. Procter & Gamble had a net margin of 15.10% and a return on equity of 21.20%. The firm had revenue of $16.69 billion during the quarter, compared to analyst estimates of $16.45 billion. During the same quarter in the prior year, the business earned $1.09 earnings per share. Procter & Gamble’s revenue for the quarter was up .2% on a year-over-year basis. Equities research analysts predict that Procter & Gamble will post 4.37 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Friday, October 19th will be issued a $0.7172 dividend. This represents a $2.87 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date is Thursday, October 18th. Procter & Gamble’s payout ratio is 68.01%.
In related news, insider Kathleen B. Fish sold 26,946 shares of the firm’s stock in a transaction on Wednesday, August 1st. The stock was sold at an average price of $80.55, for a total value of $2,170,500.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Kathleen B. Fish sold 10,342 shares of the firm’s stock in a transaction on Friday, August 31st. The stock was sold at an average price of $83.20, for a total value of $860,454.40. Following the completion of the sale, the insider now owns 16,382 shares of the company’s stock, valued at $1,362,982.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 147,186 shares of company stock valued at $12,080,849. 1.84% of the stock is owned by insiders.
Several institutional investors have recently added to or reduced their stakes in the company. HC Financial Advisors Inc. bought a new stake in shares of Procter & Gamble during the fourth quarter valued at approximately $1,738,000. Whittier Trust Co. raised its position in Procter & Gamble by 0.8% during the 1st quarter. Whittier Trust Co. now owns 282,583 shares of the company’s stock valued at $22,403,000 after purchasing an additional 2,311 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in Procter & Gamble by 5.1% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 118,412 shares of the company’s stock valued at $9,388,000 after purchasing an additional 5,775 shares in the last quarter. AustralianSuper Pty Ltd raised its position in Procter & Gamble by 9.8% during the 1st quarter. AustralianSuper Pty Ltd now owns 281,200 shares of the company’s stock valued at $22,294,000 after purchasing an additional 25,000 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its position in Procter & Gamble by 1.1% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 8,154,523 shares of the company’s stock valued at $646,491,000 after purchasing an additional 90,300 shares in the last quarter. Hedge funds and other institutional investors own 58.47% of the company’s stock.
Procter & Gamble Company Profile
The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.
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