Deutsche Bank Aktiengesellschaft Cuts Procter & Gamble (NYSE:PG) Price Target to $162.00

Procter & Gamble (NYSE:PGFree Report) had its price objective lowered by Deutsche Bank Aktiengesellschaft from $171.00 to $162.00 in a research report released on Monday morning,Benzinga reports. The firm currently has a hold rating on the stock.

A number of other research analysts also recently commented on PG. TD Cowen downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating and increased their target price for the company from $150.00 to $156.00 in a research report on Tuesday, January 27th. Barclays set a $155.00 price target on shares of Procter & Gamble in a research report on Friday, January 16th. UBS Group raised their price objective on Procter & Gamble from $161.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, January 23rd. Erste Group Bank cut Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Procter & Gamble in a report on Friday, March 27th. Twelve analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $167.06.

Get Our Latest Stock Report on Procter & Gamble

Procter & Gamble Stock Performance

Shares of PG opened at $144.19 on Monday. The company has a market capitalization of $335.10 billion, a price-to-earnings ratio of 21.36, a price-to-earnings-growth ratio of 5.08 and a beta of 0.41. Procter & Gamble has a 52-week low of $137.62 and a 52-week high of $174.80. The company has a quick ratio of 0.51, a current ratio of 0.72 and a debt-to-equity ratio of 0.49. The stock has a 50 day moving average price of $153.85 and a 200 day moving average price of $149.84.

Procter & Gamble (NYSE:PGGet Free Report) last released its quarterly earnings data on Friday, January 23rd. The company reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $0.02. The company had revenue of $22.21 billion for the quarter, compared to analysts’ expectations of $22.36 billion. Procter & Gamble had a net margin of 19.30% and a return on equity of 32.21%. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter last year, the company earned $1.88 earnings per share. Research analysts predict that Procter & Gamble will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Friday, January 23rd were paid a dividend of $1.0568 per share. The ex-dividend date was Friday, January 23rd. This represents a $4.23 annualized dividend and a dividend yield of 2.9%. Procter & Gamble’s dividend payout ratio is 62.67%.

Insider Activity

In other Procter & Gamble news, insider Marc S. Pritchard sold 95,903 shares of the stock in a transaction that occurred on Friday, January 23rd. The stock was sold at an average price of $151.15, for a total transaction of $14,495,738.45. Following the completion of the sale, the insider directly owned 182,607 shares of the company’s stock, valued at approximately $27,601,048.05. This trade represents a 34.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Moses Victor Javier Aguilar sold 15,169 shares of Procter & Gamble stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $162.28, for a total value of $2,461,625.32. Following the completion of the transaction, the insider owned 44,735 shares in the company, valued at $7,259,595.80. This trade represents a 25.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 348,618 shares of company stock valued at $55,462,643. Insiders own 0.20% of the company’s stock.

Institutional Investors Weigh In On Procter & Gamble

Several hedge funds have recently modified their holdings of the stock. Norges Bank acquired a new position in Procter & Gamble in the 4th quarter valued at $4,664,783,000. Cardano Risk Management B.V. lifted its stake in shares of Procter & Gamble by 1,104.8% in the 4th quarter. Cardano Risk Management B.V. now owns 9,521,440 shares of the company’s stock worth $1,364,518,000 after acquiring an additional 8,731,126 shares during the period. Auto Owners Insurance Co lifted its stake in shares of Procter & Gamble by 14,231.0% in the 4th quarter. Auto Owners Insurance Co now owns 3,549,645 shares of the company’s stock worth $508,700,000 after acquiring an additional 3,524,876 shares during the period. Invesco Ltd. boosted its holdings in shares of Procter & Gamble by 21.4% in the second quarter. Invesco Ltd. now owns 16,374,499 shares of the company’s stock valued at $2,608,785,000 after acquiring an additional 2,880,895 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Procter & Gamble by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 237,459,756 shares of the company’s stock worth $34,030,358,000 after acquiring an additional 2,829,151 shares during the period. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble News Summary

Here are the key news stories impacting Procter & Gamble this week:

Procter & Gamble Company Profile

(Get Free Report)

Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.

See Also

Analyst Recommendations for Procter & Gamble (NYSE:PG)

Receive News & Ratings for Procter & Gamble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble and related companies with MarketBeat.com's FREE daily email newsletter.