Procter & Gamble (NYSE:PG) Lowered to “Equal Weight” at Barclays

Barclays cut shares of Procter & Gamble (NYSE:PG) from an overweight rating to an equal weight rating in a report issued on Monday, Marketbeat Ratings reports. Barclays currently has $163.00 price objective on the stock.

PG has been the subject of a number of other reports. Stifel Nicolaus lifted their price target on shares of Procter & Gamble from $157.00 to $161.00 and gave the company a hold rating in a research report on Monday, July 22nd. TD Cowen started coverage on shares of Procter & Gamble in a research report on Tuesday, July 23rd. They set a buy rating and a $189.00 price objective for the company. Citigroup boosted their price objective on shares of Procter & Gamble from $177.00 to $190.00 and gave the company a buy rating in a research report on Wednesday, July 10th. DZ Bank raised shares of Procter & Gamble from a hold rating to a buy rating and set a $190.00 target price on the stock in a research note on Thursday, August 29th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Procter & Gamble from $179.00 to $186.00 and gave the stock an overweight rating in a research note on Thursday, September 19th. Nine investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of $175.89.

Procter & Gamble Trading Down 0.2 %

Shares of NYSE:PG opened at $173.14 on Monday. Procter & Gamble has a 12-month low of $141.45 and a 12-month high of $177.94. The stock has a market cap of $408.63 billion, a PE ratio of 28.29, a P/E/G ratio of 3.76 and a beta of 0.41. The business has a 50 day moving average of $170.88 and a 200-day moving average of $166.28. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 0.51.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.03. Procter & Gamble had a return on equity of 33.46% and a net margin of 17.71%. The company had revenue of $20.53 billion during the quarter, compared to analysts’ expectations of $20.69 billion. During the same quarter in the previous year, the company posted $1.37 earnings per share. The business’s revenue was down .1% on a year-over-year basis. As a group, equities research analysts forecast that Procter & Gamble will post 6.97 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Friday, July 19th were issued a $1.0065 dividend. The ex-dividend date was Friday, July 19th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.33%. Procter & Gamble’s dividend payout ratio is presently 65.69%.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, CEO Ma. Fatima Francisco sold 96,000 shares of the stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $170.00, for a total value of $16,320,000.00. Following the completion of the sale, the chief executive officer now owns 13,721 shares in the company, valued at approximately $2,332,570. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, insider Balaji Purushothaman sold 8,842 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $164.90, for a total transaction of $1,458,045.80. Following the completion of the transaction, the insider now directly owns 11,537 shares of the company’s stock, valued at approximately $1,902,451.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ma. Fatima Francisco sold 96,000 shares of the stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $170.00, for a total transaction of $16,320,000.00. Following the transaction, the chief executive officer now directly owns 13,721 shares of the company’s stock, valued at $2,332,570. The disclosure for this sale can be found here. In the last 90 days, insiders sold 375,553 shares of company stock worth $63,829,141. Insiders own 0.17% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Itau Unibanco Holding S.A. purchased a new stake in shares of Procter & Gamble during the 2nd quarter valued at $28,000. Fairway Wealth LLC purchased a new position in Procter & Gamble in the 2nd quarter worth $29,000. Ruedi Wealth Management Inc. raised its position in Procter & Gamble by 64.7% in the 1st quarter. Ruedi Wealth Management Inc. now owns 196 shares of the company’s stock worth $32,000 after purchasing an additional 77 shares during the period. POM Investment Strategies LLC purchased a new position in Procter & Gamble in the 2nd quarter worth $34,000. Finally, Transcendent Capital Group LLC bought a new stake in Procter & Gamble in the 4th quarter worth $31,000. 65.77% of the stock is owned by institutional investors.

Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.