Procter & Gamble (NYSE:PG) PT Lowered to $171.00 at Deutsche Bank Aktiengesellschaft

Procter & Gamble (NYSE:PG) had its target price cut by Deutsche Bank Aktiengesellschaft from $172.00 to $171.00 in a report issued on Monday morning, Benzinga reports. They currently have a buy rating on the stock.

Several other research analysts have also issued reports on PG. Jefferies Financial Group upped their target price on shares of Procter & Gamble from $175.00 to $182.00 and gave the stock a buy rating in a research report on Monday. JPMorgan Chase & Co. cut their target price on shares of Procter & Gamble from $169.00 to $162.00 and set an overweight rating for the company in a research report on Thursday, January 18th. Raymond James upped their target price on shares of Procter & Gamble from $170.00 to $175.00 and gave the stock an outperform rating in a research report on Wednesday, January 24th. Barclays upped their target price on shares of Procter & Gamble from $165.00 to $168.00 and gave the stock an overweight rating in a research report on Friday, April 12th. Finally, StockNews.com lowered shares of Procter & Gamble from a buy rating to a hold rating in a research report on Thursday, February 29th. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus price target of $168.81.

Procter & Gamble Stock Up 0.7 %

PG opened at $162.58 on Monday. The company has a fifty day moving average price of $159.46 and a 200-day moving average price of $153.32. The firm has a market capitalization of $383.71 billion, a P/E ratio of 26.57, a price-to-earnings-growth ratio of 3.23 and a beta of 0.44. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.69 and a quick ratio of 0.48. Procter & Gamble has a one year low of $141.45 and a one year high of $163.14.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Friday, April 19th. The company reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.10. The firm had revenue of $20.20 billion during the quarter, compared to analyst estimates of $20.43 billion. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. The business’s revenue for the quarter was up .6% on a year-over-year basis. During the same period in the previous year, the business earned $1.37 EPS. Equities research analysts expect that Procter & Gamble will post 6.54 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th will be paid a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a dividend yield of 2.48%. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend is Thursday, April 18th. Procter & Gamble’s dividend payout ratio is 65.85%.

Insider Activity

In related news, CEO Ma. Fatima Francisco sold 45,000 shares of the stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $156.00, for a total value of $7,020,000.00. Following the completion of the transaction, the chief executive officer now directly owns 973 shares of the company’s stock, valued at $151,788. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Susan Street Whaley sold 3,865 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $160.60, for a total value of $620,719.00. Following the completion of the transaction, the insider now directly owns 11,886 shares of the company’s stock, valued at $1,908,891.60. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Ma. Fatima Francisco sold 45,000 shares of the stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $156.00, for a total transaction of $7,020,000.00. Following the completion of the transaction, the chief executive officer now directly owns 973 shares of the company’s stock, valued at $151,788. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 100,865 shares of company stock valued at $16,029,280. Insiders own 0.17% of the company’s stock.

Hedge Funds Weigh In On Procter & Gamble

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Demars Financial Group LLC increased its stake in shares of Procter & Gamble by 4.4% during the fourth quarter. Demars Financial Group LLC now owns 1,497 shares of the company’s stock valued at $219,000 after purchasing an additional 63 shares in the last quarter. Emerald Advisors LLC increased its stake in shares of Procter & Gamble by 1.8% during the fourth quarter. Emerald Advisors LLC now owns 3,775 shares of the company’s stock valued at $553,000 after purchasing an additional 65 shares in the last quarter. O Brien Wealth Partners LLC increased its stake in shares of Procter & Gamble by 3.3% during the fourth quarter. O Brien Wealth Partners LLC now owns 2,062 shares of the company’s stock valued at $302,000 after purchasing an additional 65 shares in the last quarter. Mechanics Financial Corp increased its stake in shares of Procter & Gamble by 0.4% during the fourth quarter. Mechanics Financial Corp now owns 16,184 shares of the company’s stock valued at $2,372,000 after purchasing an additional 65 shares in the last quarter. Finally, LWM Advisory Services LLC increased its stake in shares of Procter & Gamble by 2.1% during the fourth quarter. LWM Advisory Services LLC now owns 3,143 shares of the company’s stock valued at $461,000 after purchasing an additional 66 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.