Procter & Gamble Co (NYSE:PG) – Research analysts at SunTrust Banks upped their FY2018 EPS estimates for shares of Procter & Gamble in a note issued to investors on Monday. SunTrust Banks analyst W. Chappell now anticipates that the company will post earnings of $4.20 per share for the year, up from their prior forecast of $4.16.

Other equities research analysts also recently issued research reports about the company. Jefferies Group reaffirmed a “buy” rating and set a $104.00 price objective (up previously from $103.00) on shares of Procter & Gamble in a research report on Wednesday, September 20th. Deutsche Bank began coverage on Procter & Gamble in a research report on Wednesday, December 13th. They set a “buy” rating and a $101.00 price objective on the stock. Zacks Investment Research downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Goldman Sachs Group reaffirmed a “sell” rating on shares of Procter & Gamble in a research report on Wednesday, October 4th. Finally, Vetr downgraded Procter & Gamble from a “buy” rating to a “hold” rating and set a $90.38 price objective on the stock. in a research report on Tuesday, November 7th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $89.31.

Shares of Procter & Gamble (PG) traded down $0.32 during trading on Wednesday, hitting $90.15. The stock had a trading volume of 5,469,600 shares, compared to its average volume of 6,152,425. The stock has a market capitalization of $227,340.00, a price-to-earnings ratio of 24.10, a P/E/G ratio of 2.93 and a beta of 0.67. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.75 and a current ratio of 0.91. Procter & Gamble has a 1 year low of $83.37 and a 1 year high of $94.67.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Friday, October 20th. The company reported $1.09 EPS for the quarter, beating the consensus estimate of $1.07 by $0.02. The firm had revenue of $16.65 billion for the quarter, compared to analyst estimates of $16.69 billion. Procter & Gamble had a return on equity of 20.73% and a net margin of 17.23%. The business’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter last year, the firm posted $1.03 earnings per share.

Hedge funds and other institutional investors have recently modified their holdings of the business. Trillium Asset Management LLC raised its stake in shares of Procter & Gamble by 2.0% in the second quarter. Trillium Asset Management LLC now owns 170,302 shares of the company’s stock worth $14,842,000 after purchasing an additional 3,387 shares during the last quarter. Barrett Asset Management LLC raised its stake in shares of Procter & Gamble by 3.3% in the second quarter. Barrett Asset Management LLC now owns 137,397 shares of the company’s stock worth $11,974,000 after purchasing an additional 4,325 shares during the last quarter. Aviva PLC raised its stake in shares of Procter & Gamble by 1.7% in the second quarter. Aviva PLC now owns 1,814,623 shares of the company’s stock worth $158,162,000 after purchasing an additional 30,897 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Procter & Gamble by 1,094.3% in the third quarter. Assenagon Asset Management S.A. now owns 736,699 shares of the company’s stock worth $67,025,000 after purchasing an additional 675,013 shares during the last quarter. Finally, Pensionfund Sabic purchased a new position in shares of Procter & Gamble in the second quarter worth about $4,009,000. 59.56% of the stock is owned by institutional investors and hedge funds.

In other Procter & Gamble news, insider Marylynn Fergusonmchugh sold 4,363 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $87.00, for a total value of $379,581.00. Following the completion of the sale, the insider now owns 85,495 shares of the company’s stock, valued at $7,438,065. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Carolyn M. Tastad sold 5,300 shares of the firm’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $89.18, for a total value of $472,654.00. Following the completion of the sale, the insider now directly owns 57,191 shares of the company’s stock, valued at approximately $5,100,293.38. The disclosure for this sale can be found here. In the last three months, insiders sold 21,575 shares of company stock valued at $1,927,095. Corporate insiders own 0.35% of the company’s stock.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Friday, January 19th will be issued a $0.6896 dividend. This represents a $2.76 annualized dividend and a yield of 3.06%. The ex-dividend date of this dividend is Thursday, January 18th. Procter & Gamble’s dividend payout ratio is presently 73.80%.

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Procter & Gamble 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 (NYSE:PG)

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