A number of other research analysts also weighed in on the company. Deutsche Bank Aktiengesellschaft raised its price target on Procter & Gamble from $173.00 to $177.00 and gave the company a “buy” rating in a Thursday, April 21 report. Credit Suisse Group raised its price target on Procter & Gamble from $140.00 to $150.00 and gave the stock a “neutral” rating in a Thursday, April 21 report. JPMorgan Chase & Co. downgraded Procter & Gamble from an “overweight” rating to a “neutral” rating and cut its price target for the stock from $181.00 to $165.00 in a Wednesday 30 report. March. Zacks Investment Research downgraded Procter & Gamble from a “hold” rating to a “sell” rating and set a price target of $163.00 for the stock. in a report on Tuesday, March 29. Finally, Royal Bank of Canada raised its price target on Procter & Gamble from $150.00 to $160.00 and gave the stock an “sector performance” rating in a Thursday, January 20 report. One financial analyst has assigned the stock a sell rating, six have assigned a hold rating and nine have assigned the stock a buy rating. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $165.47.
Shares of Action PG opened at $154.68 on Wednesday. The stock’s fifty-day moving average is $155.26 and its two-hundred-day moving average is $155.33. The company has a debt ratio of 0.53, a quick ratio of 0.47 and a current ratio of 0.68. The company has a market capitalization of $371.12 billion, a P/E ratio of 26.99, a PEG ratio of 4.34 and a beta of 0.39. Procter & Gamble has a fifty-two week low of $131.94 and a fifty-two week high of $165.35.
Procter & Gamble (NYSE:PG – Get a rating) last reported quarterly earnings data on Wednesday, April 20. The company reported earnings per share of $1.33 for the quarter, beating consensus analyst estimates of $1.28 by $0.05. The company posted revenue of $19.38 billion for the quarter, versus analyst estimates of $18.69 billion. Procter & Gamble had a return on equity of 32.39% and a net margin of 18.33%. The company’s revenue for the quarter increased 7.0% year over year. In the same quarter last year, the company posted EPS of $1.26. On average, stock analysts expect Procter & Gamble to post 5.84 earnings per share for the current year.
In other news from Procter & Gamble, CEO Mom. Fatima Francisco sold 18,000 shares of Procter & Gamble in a trade dated Thursday, April 21. The stock was sold at an average price of $164.10, for a total value of $2,953,800.00. Following completion of the transaction, the CEO now directly owns 7,020 shares of the company, valued at approximately $1,151,982. The transaction was disclosed in a document filed with the SEC, accessible via this hyperlink. Additionally, CAO Matthew W. Janzaruk sold 334 shares of Procter & Gamble in a trade dated Tuesday, April 26. The shares were sold at an average price of $162.43, for a total value of $54,251.62. Following the completion of the transaction, the chief accounting officer now directly owns 1,220 shares of the company, valued at $198,164.60. Disclosure of this sale can be found here. Insiders sold a total of 128,515 shares of the company worth $20,862,606 in the past three months. Company insiders hold 0.51% of the company’s shares.
Hedge funds and other institutional investors have recently increased or reduced their stakes in the company. Walleye Capital LLC bought a new position in Procter & Gamble stock in Q1 worth approximately $1,360,000. Wealthfront Advisers LLC increased its stake in Procter & Gamble shares by 9.2% in Q1. Wealthfront Advisers LLC now owns 195,560 shares of the company valued at $29,881,000 after purchasing an additional 16,416 shares during the period. Weiss Multi Strategy Advisers LLC increased its stake in Procter & Gamble shares by 167.6% in Q1. Weiss Multi Strategy Advisers LLC now owns 153,436 shares of the company valued at $23,445,000 after purchasing an additional 96,100 shares during the period. Westcott Financial Advisory Group LLC increased its stake in Procter & Gamble shares by 0.3% in Q1. Westcott Financial Advisory Group LLC now owns 22,385 shares of the company valued at $3,420,000 after purchasing an additional 72 shares during the period. Finally, Continuum Advisory LLC increased its stake in Procter & Gamble shares by 62.5% in the 1st quarter. Continuum Advisory LLC now owns 15,154 shares of the company valued at $2,433,000 after purchasing an additional 5,831 shares during the period. 63.64% of the shares are held by institutional investors.
The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, Asia-Pacific, Greater China, India, the Middle East and from Africa. It operates in five segments: Beauty; Grooming; Health care; Fabric and home care; and baby, woman and family care.
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