Procter & Gamble Company (The) (NYSE:PG) – Investment analysts at Jefferies Group dropped their FY2019 earnings per share estimates for Procter & Gamble Company (The) in a research note issued to investors on Thursday. Jefferies Group analyst K. Grundy now anticipates that the company will earn $4.47 per share for the year, down from their previous forecast of $4.48. Jefferies Group has a “Buy” rating and a $103.00 price objective on the stock.

Several other brokerages also recently weighed in on PG. J P Morgan Chase & Co began coverage on Procter & Gamble Company (The) in a report on Tuesday, March 21st. They set a “neutral” rating and a $98.00 price target for the company. Vetr upgraded Procter & Gamble Company (The) from a “sell” rating to a “hold” rating and set a $89.22 price target for the company in a report on Monday, March 13th. B. Riley downgraded Procter & Gamble Company (The) to a “neutral” rating and set a $91.00 price target for the company. in a report on Saturday, March 11th. Zacks Investment Research downgraded Procter & Gamble Company (The) from a “hold” rating to a “sell” rating in a report on Thursday, March 23rd. Finally, Capital One Financial Corporation downgraded Procter & Gamble Company (The) from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $5.00 to $2.00 in a report on Thursday, June 22nd. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $86.42.

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Procter & Gamble Company (NYSE:PG) opened at 87.65 on Friday. The stock has a market capitalization of $224.17 billion, a P/E ratio of 16.12 and a beta of 0.68. The firm’s 50-day moving average is $87.86 and its 200-day moving average is $88.03. Procter & Gamble Company has a 12-month low of $81.18 and a 12-month high of $92.00.

Procter & Gamble Company (The) (NYSE:PG) last posted its quarterly earnings data on Wednesday, April 26th. The company reported $0.96 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.02. The firm had revenue of $15.61 billion for the quarter, compared to the consensus estimate of $15.70 billion. Procter & Gamble Company (The) had a net margin of 23.14% and a return on equity of 19.30%. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.86 EPS.

In other Procter & Gamble Company (The) news, insider Patrice Louvet sold 29,621 shares of the firm’s stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $86.01, for a total value of $2,547,702.21. Following the transaction, the insider now directly owns 76,651 shares of the company’s stock, valued at $6,592,752.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Steven D. Bishop sold 2,668 shares of the firm’s stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $87.34, for a total value of $233,023.12. Following the completion of the transaction, the insider now directly owns 43,608 shares in the company, valued at $3,808,722.72. The disclosure for this sale can be found here. Insiders sold 199,891 shares of company stock worth $17,276,637 over the last three months. Insiders own 0.35% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in PG. Aviva PLC boosted its position in shares of Procter & Gamble Company (The) by 3.7% in the fourth quarter. Aviva PLC now owns 1,968,906 shares of the company’s stock valued at $165,782,000 after buying an additional 70,171 shares during the last quarter. Integrated Investment Consultants LLC boosted its position in shares of Procter & Gamble Company (The) by 1.1% in the first quarter. Integrated Investment Consultants LLC now owns 14,017 shares of the company’s stock valued at $1,259,000 after buying an additional 150 shares during the last quarter. MML Investors Services LLC purchased a new position in shares of Procter & Gamble Company (The) during the fourth quarter valued at about $277,000. Shelton Capital Management boosted its position in shares of Procter & Gamble Company (The) by 6.6% in the fourth quarter. Shelton Capital Management now owns 154,754 shares of the company’s stock valued at $13,012,000 after buying an additional 9,560 shares during the last quarter. Finally, Brown Advisory Inc. boosted its position in shares of Procter & Gamble Company (The) by 0.5% in the fourth quarter. Brown Advisory Inc. now owns 1,073,935 shares of the company’s stock valued at $90,297,000 after buying an additional 5,367 shares during the last quarter. 59.82% of the stock is currently owned by institutional investors and hedge funds.

About Procter & Gamble Company (The)

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.

Earnings History and Estimates for Procter & Gamble Company (The) (NYSE:PG)

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