Procter & Gamble Company (The) (NYSE:PG) – Equities research analysts at SunTrust Banks lowered their Q2 2018 earnings per share (EPS) estimates for shares of Procter & Gamble Company (The) in a research note issued to investors on Thursday. SunTrust Banks analyst W. Chappell now expects that the company will earn $1.13 per share for the quarter, down from their previous forecast of $1.17. SunTrust Banks also issued estimates for Procter & Gamble Company (The)’s Q4 2018 earnings at $0.93 EPS, Q1 2019 earnings at $1.16 EPS, Q2 2019 earnings at $1.20 EPS, Q3 2019 earnings at $1.09 EPS, Q4 2019 earnings at $0.99 EPS and FY2019 earnings at $4.44 EPS.

A number of other equities analysts have also issued reports on PG. Zacks Investment Research upgraded shares of Procter & Gamble Company (The) from a “sell” rating to a “hold” rating in a research report on Wednesday, April 12th. Jefferies Group LLC reiterated a “buy” rating and set a $103.00 target price (up from $101.00) on shares of Procter & Gamble Company (The) in a research report on Tuesday, April 18th. Royal Bank Of Canada reiterated a “hold” rating and set a $80.00 target price on shares of Procter & Gamble Company (The) in a research report on Monday, April 24th. Vetr upgraded shares of Procter & Gamble Company (The) from a “hold” rating to a “buy” rating and set a $94.67 target price on the stock in a research report on Wednesday, April 26th. Finally, Stifel Nicolaus reduced their target price on shares of Procter & Gamble Company (The) from $88.00 to $87.00 and set a “hold” rating on the stock in a research report on Thursday, April 27th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $88.04.

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Procter & Gamble Company (NYSE PG) opened at 90.21 on Monday. The firm has a market cap of $230.33 billion, a price-to-earnings ratio of 16.13 and a beta of 0.68. Procter & Gamble Company has a 52-week low of $81.18 and a 52-week high of $92.00. The firm has a 50-day moving average of $88.40 and a 200 day moving average of $88.50.

Procter & Gamble Company (The) (NYSE:PG) last posted its quarterly earnings results on Thursday, July 27th. The company reported $0.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.07. The firm had revenue of $16.08 billion for the quarter, compared to analyst estimates of $16.01 billion. Procter & Gamble Company (The) had a net margin of 23.56% and a return on equity of 19.52%. The firm’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.79 earnings per share.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Friday, July 21st will be paid a $0.6896 dividend. This represents a $2.76 annualized dividend and a yield of 3.06%. The ex-dividend date is Wednesday, July 19th. Procter & Gamble Company (The)’s payout ratio is presently 49.37%.

In other news, insider Patrice Louvet sold 3,837 shares of the stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $87.00, for a total transaction of $333,819.00. Following the completion of the sale, the insider now owns 46,913 shares of the company’s stock, valued at $4,081,431. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ioannis Skoufalos sold 3,879 shares of the stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $86.17, for a total transaction of $334,253.43. The disclosure for this sale can be found here. Insiders sold 197,223 shares of company stock valued at $17,043,614 in the last ninety days. Insiders own 0.35% of the company’s stock.

Several large investors have recently modified their holdings of PG. Asset Planning Services Ltd. raised its position in shares of Procter & Gamble Company (The) by 79.7% in the first quarter. Asset Planning Services Ltd. now owns 1,186 shares of the company’s stock valued at $107,000 after buying an additional 526 shares during the period. Riggs Asset Managment Co. Inc. raised its position in shares of Procter & Gamble Company (The) by 11.9% in the first quarter. Riggs Asset Managment Co. Inc. now owns 1,603 shares of the company’s stock valued at $144,000 after buying an additional 170 shares during the period. Edge Wealth Management LLC raised its position in shares of Procter & Gamble Company (The) by 17.1% in the first quarter. Edge Wealth Management LLC now owns 1,640 shares of the company’s stock valued at $148,000 after buying an additional 240 shares during the period. Feltz Wealth PLAN Inc. purchased a new position in shares of Procter & Gamble Company (The) during the first quarter valued at $184,000. Finally, Winfield Associates Inc. raised its position in shares of Procter & Gamble Company (The) by 0.7% in the second quarter. Winfield Associates Inc. now owns 2,260 shares of the company’s stock valued at $197,000 after buying an additional 15 shares during the period. 59.78% of the stock is owned by institutional investors.

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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