UBS Group lowered shares of Procter & Gamble (NYSE:PG) from a buy rating to a neutral rating in a research note released on Wednesday, www.benzinga.com reports. UBS Group currently has $83.00 price objective on the stock.
PG has been the topic of a number of other research reports. ValuEngine downgraded shares of Procter & Gamble from a hold rating to a sell rating in a report on Wednesday, May 2nd. Zacks Investment Research downgraded shares of Procter & Gamble from a buy rating to a hold rating in a report on Wednesday, April 4th. Morgan Stanley reiterated a hold rating on shares of Procter & Gamble in a report on Monday, June 11th. Stifel Nicolaus dropped their target price on shares of Procter & Gamble from $85.00 to $83.00 and set a hold rating on the stock in a report on Wednesday, April 18th. Finally, Jefferies Financial Group downgraded shares of Procter & Gamble from a buy rating to a hold rating and set a $95.00 target price on the stock. in a report on Monday, July 9th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $87.97.
Get Procter & Gamble alerts:Shares of Procter & Gamble stock traded down $0.05 during midday trading on Wednesday, reaching $78.68. 8,234,628 shares of the company’s stock traded hands, compared to its average volume of 7,923,112. The company has a market capitalization of $198.48 billion, a P/E ratio of 20.07, a P/E/G ratio of 2.50 and a beta of 0.58. The company has a current ratio of 0.91, a quick ratio of 0.74 and a debt-to-equity ratio of 0.42. Procter & Gamble has a 52 week low of $70.73 and a 52 week high of $94.67.
Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Thursday, April 19th. The company reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.02. The business had revenue of $16.28 billion for the quarter, compared to the consensus estimate of $16.22 billion. Procter & Gamble had a net margin of 15.17% and a return on equity of 20.72%. Procter & Gamble’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.96 EPS. equities research analysts predict that Procter & Gamble will post 4.19 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 15th. Investors of record on Friday, July 20th will be issued a $0.7172 dividend. The ex-dividend date is Thursday, July 19th. This represents a $2.87 annualized dividend and a yield of 3.65%. Procter & Gamble’s dividend payout ratio (DPR) is presently 73.21%.
In other Procter & Gamble news, insider Gary A. Coombe sold 1,529 shares of the firm’s stock in a transaction on Monday, June 4th. The shares were sold at an average price of $74.25, for a total value of $113,528.25. Following the sale, the insider now directly owns 5,235 shares in the company, valued at approximately $388,698.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Steven D. Bishop sold 2,075 shares of the firm’s stock in a transaction on Wednesday, May 2nd. The stock was sold at an average price of $71.87, for a total transaction of $149,130.25. Following the completion of the sale, the insider now owns 42,524 shares in the company, valued at $3,056,199.88. The disclosure for this sale can be found here. Insiders sold a total of 20,938 shares of company stock worth $1,604,483 in the last quarter. Insiders own 0.35% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of PG. Marathon Asset Management LLP grew its position in Procter & Gamble by 2.9% in the 4th quarter. Marathon Asset Management LLP now owns 1,432,946 shares of the company’s stock worth $131,684,000 after purchasing an additional 39,774 shares during the last quarter. First National Trust Co boosted its position in shares of Procter & Gamble by 6.4% during the 4th quarter. First National Trust Co now owns 139,493 shares of the company’s stock valued at $12,817,000 after acquiring an additional 8,403 shares in the last quarter. Koshinski Asset Management Inc. boosted its position in shares of Procter & Gamble by 24.8% during the 4th quarter. Koshinski Asset Management Inc. now owns 24,988 shares of the company’s stock valued at $2,296,000 after acquiring an additional 4,964 shares in the last quarter. Coastline Trust Co boosted its position in shares of Procter & Gamble by 12.5% during the 4th quarter. Coastline Trust Co now owns 60,212 shares of the company’s stock valued at $5,532,000 after acquiring an additional 6,680 shares in the last quarter. Finally, Capital Investment Advisors LLC boosted its position in shares of Procter & Gamble by 0.5% during the 4th quarter. Capital Investment Advisors LLC now owns 121,687 shares of the company’s stock valued at $11,181,000 after acquiring an additional 607 shares in the last quarter. Institutional investors own 59.42% of the company’s stock.
Procter & Gamble Company Profile
The Procter & Gamble Company provides branded consumer packaged goods to consumers in the United States, Canada, Puerto Rico, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company's Beauty segment offers hair care products, including conditioners, shampoos, styling aids, and treatments; and skin and personal care products, such as antiperspirant and deodorant, personal cleansing, and skin care products.
Featured Story: Book Value Per Share �� BVPS
No comments:
Post a Comment