Procter & Gamble Company (The) (NYSE:PG) – Stock analysts at Jefferies Group raised their Q4 2018 earnings per share (EPS) estimates for Procter & Gamble Company (The) in a report released on Monday. Jefferies Group analyst K. Grundy now expects that the company will earn $0.90 per share for the quarter, up from their previous estimate of $0.89. Jefferies Group has a “Buy” rating and a $104.00 price objective on the stock.

Procter & Gamble Company (The) (NYSE:PG) last released its earnings results on Friday, October 20th. The company reported $1.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.07 by $0.02. Procter & Gamble Company (The) had a return on equity of 20.25% and a net margin of 23.72%. The company had revenue of $16.65 billion for the quarter, compared to analysts’ expectations of $16.69 billion. During the same quarter in the previous year, the business posted $1.03 EPS. The business’s revenue for the quarter was up .8% on a year-over-year basis.

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Several other brokerages also recently issued reports on PG. Zacks Investment Research upgraded Procter & Gamble Company (The) from a “hold” rating to a “buy” rating and set a $101.00 price target for the company in a report on Tuesday, August 1st. Vetr downgraded Procter & Gamble Company (The) from a “hold” rating to a “sell” rating and set a $83.75 price target for the company. in a report on Monday, July 3rd. Stifel Nicolaus set a $87.00 price target on Procter & Gamble Company (The) and gave the stock a “hold” rating in a report on Friday. BidaskClub downgraded Procter & Gamble Company (The) from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Finally, Goldman Sachs Group, Inc. (The) restated a “sell” rating on shares of Procter & Gamble Company (The) in a report on Wednesday, October 4th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and ten have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $89.16.

Procter & Gamble Company (PG) traded down 0.4237% during trading on Tuesday, reaching $86.9301. The company’s stock had a trading volume of 6,107,518 shares. Procter & Gamble Company has a 52 week low of $81.18 and a 52 week high of $94.67. The stock’s 50 day moving average is $92.31 and its 200-day moving average is $89.83. The firm has a market cap of $221.67 billion, a P/E ratio of 15.5427 and a beta of 0.67.

Several institutional investors and hedge funds have recently added to or reduced their stakes in PG. Asset Planning Services Ltd. lifted its position in shares of Procter & Gamble Company (The) by 0.4% in the second quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock valued at $104,000 after buying an additional 5 shares during the last quarter. Harding Loevner LP acquired a new stake in shares of Procter & Gamble Company (The) in the second quarter valued at approximately $119,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Procter & Gamble Company (The) in the third quarter valued at approximately $125,000. Blume Capital Management Inc. lifted its position in shares of Procter & Gamble Company (The) by 25.4% in the second quarter. Blume Capital Management Inc. now owns 1,482 shares of the company’s stock valued at $129,000 after buying an additional 300 shares during the last quarter. Finally, Riggs Asset Managment Co. Inc. lifted 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 last quarter. 59.36% of the stock is owned by institutional investors.

In other news, Vice Chairman Jon R. Moeller sold 6,063 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $92.04, for a total value of $558,038.52. Following the completion of the sale, the insider now directly owns 120,734 shares of the company’s stock, valued at $11,112,357.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Marylynn Fergusonmchugh sold 2,856 shares of the firm’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $92.98, for a total value of $265,550.88. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 48,648 shares of company stock valued at $4,481,621. Corporate insiders own 0.35% of the company’s stock.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Friday, October 20th will be paid a $0.6896 dividend. The ex-dividend date is Thursday, October 19th. This represents a $2.76 dividend on an annualized basis and a yield of 3.16%. Procter & Gamble Company (The)’s dividend payout ratio is 48.51%.

Procter & Gamble Company (The) Company Profile

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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