Procter & Gamble (PG) – Analysts’ Recent Ratings Changes

Several analysts have recently updated their ratings and price targets for Procter & Gamble (NYSE: PG):

  • 1/10/2019 – Procter & Gamble is now covered by analysts at Evercore ISI. They set an “outperform” rating and a $105.00 price target on the stock.
  • 1/8/2019 – Procter & Gamble had its “hold” rating reaffirmed by analysts at Barclays PLC. They now have a $89.00 price target on the stock.
  • 1/8/2019 – Procter & Gamble had its “buy” rating reaffirmed by analysts at Bank of America Corp. They now have a $108.00 price target on the stock.
  • 12/31/2018 – Procter & Gamble had its “hold” rating reaffirmed by analysts at Zacks Investment Research. They now have a $102.00 price target on the stock. According to Zacks, “Procter & Gamble outperformed the industry in the past three months. This can be attributed to the company’s robust earnings history, having outpaced estimates for 14 straight quarters when it reported first-quarter fiscal 2019. Moreover, earnings grew year over year. Also, sales beat estimates, though it remained flat due to adverse currency fluctuations – which acted as a major deterrent in the first quarter and is likely to remain a concern in the second quarter. Also, the company has been witnessing strained margins for last few quarters due to higher commodity and shipping costs, adverse currency, increased business investments and aggressive pricing from private-label products. Soft baby care business is also a concern. Nonetheless, the company is focused on improving productivity and cost savings to boost margins. Its focus on product improvement, packaging and marketing initiatives is encouraging.”
  • 12/19/2018 – Procter & Gamble was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $104.00 price target on the stock. According to Zacks, “Procter & Gamble outperformed the industry in the past three months. This can be attributed to the company’s robust earnings history, having outpaced estimates for 14 straight quarters when it reported first-quarter fiscal 2019. Moreover, earnings grew year over year. Also, sales beat estimates, though it remained flat due to adverse currency fluctuations – which acted as a major deterrent in the first quarter and is likely to remain a concern in the second quarter. Also, the company has been witnessing strained margins for last few quarters due to higher commodity and shipping costs, adverse currency, increased business investments and aggressive pricing from private-label products. Soft baby care business is also a concern. Nonetheless, the company is focused on improving productivity and cost savings to boost margins. Its focus on product improvement, packaging and marketing initiatives is encouraging.”
  • 12/13/2018 – Procter & Gamble was upgraded by analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating. They now have a $106.00 price target on the stock, up previously from $91.00.
  • 12/13/2018 – Procter & Gamble was upgraded by analysts at Bank of America Corp from a “neutral” rating to a “buy” rating. They now have a $108.00 price target on the stock.
  • 12/10/2018 – Procter & Gamble had its price target raised by analysts at Citigroup Inc from $99.00 to $104.00. They now have a “buy” rating on the stock.

Shares of PG opened at $91.77 on Monday. The firm has a market cap of $229.29 billion, a PE ratio of 21.75, a price-to-earnings-growth ratio of 2.96 and a beta of 0.38. The company has a current ratio of 0.80, a quick ratio of 0.62 and a debt-to-equity ratio of 0.40. Procter & Gamble Co has a one year low of $70.73 and a one year high of $96.89.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Friday, October 19th. The company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.03. The company had revenue of $16.69 billion for the quarter, compared to analyst estimates of $16.45 billion. Procter & Gamble had a return on equity of 21.20% and a net margin of 15.10%. The company’s quarterly revenue was up .2% compared to the same quarter last year. During the same period last year, the company earned $1.09 earnings per share. Sell-side analysts anticipate that Procter & Gamble Co will post 4.42 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 15th. Stockholders of record on Friday, January 18th will be issued a dividend of $0.7172 per share. This represents a $2.87 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date is Thursday, January 17th. Procter & Gamble’s dividend payout ratio (DPR) is 68.01%.

In related news, insider Juan Fernando Posada sold 1,068 shares of the stock in a transaction on Friday, November 30th. The stock was sold at an average price of $93.66, for a total value of $100,028.88. Following the completion of the transaction, the insider now owns 26,739 shares in the company, valued at approximately $2,504,374.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider R. Alexandra Keith sold 1,463 shares of the firm’s stock in a transaction dated Friday, November 2nd. The stock was sold at an average price of $89.89, for a total value of $131,509.07. Following the sale, the insider now owns 45,018 shares of the company’s stock, valued at $4,046,668.02. The disclosure for this sale can be found here. Insiders have sold 502,927 shares of company stock worth $46,437,282 over the last three months. Corporate insiders own 1.84% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. RPg Family Wealth Advisory LLC raised its stake in shares of Procter & Gamble by 209.4% in the 2nd quarter. RPg Family Wealth Advisory LLC now owns 1,349 shares of the company’s stock valued at $105,000 after acquiring an additional 913 shares in the last quarter. Ayalon Holdings Ltd. bought a new position in shares of Procter & Gamble in the 3rd quarter valued at approximately $108,000. First Mercantile Trust Co. bought a new position in shares of Procter & Gamble in the 3rd quarter valued at approximately $111,000. Willingdon Wealth Management raised its stake in shares of Procter & Gamble by 4,668.6% in the 3rd quarter. Willingdon Wealth Management now owns 1,669 shares of the company’s stock valued at $139,000 after acquiring an additional 1,634 shares in the last quarter. Finally, Polaris Greystone Financial Group LLC raised its stake in shares of Procter & Gamble by 224.9% in the 3rd quarter. Polaris Greystone Financial Group LLC now owns 1,722 shares of the company’s stock valued at $143,000 after acquiring an additional 1,192 shares in the last quarter. Hedge funds and other institutional investors own 58.62% of the company’s stock.

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.

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