Dbs Bank Downgrades Procter & Gamble (NYSE:PG) to Hold

Dbs Bank downgraded shares of Procter & Gamble (NYSE:PG) from a strong-buy rating to a hold rating in a research report sent to investors on Thursday, Zacks.com reports.

Several other research firms have also issued reports on PG. Stifel Nicolaus upped their price objective on Procter & Gamble from $157.00 to $161.00 and gave the company a hold rating in a research note on Monday, July 22nd. Barclays cut their price target on Procter & Gamble from $174.00 to $163.00 and set an overweight rating for the company in a report on Thursday. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Procter & Gamble from $171.00 to $176.00 and gave the company a buy rating in a report on Wednesday, July 17th. Jefferies Financial Group downgraded shares of Procter & Gamble from a buy rating to a hold rating and reduced their target price for the stock from $182.00 to $175.00 in a report on Wednesday, July 24th. Finally, Citigroup increased their price target on shares of Procter & Gamble from $177.00 to $190.00 and gave the company a buy rating in a report on Wednesday, July 10th. Nine investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Procter & Gamble currently has a consensus rating of Moderate Buy and an average target price of $173.95.

Procter & Gamble Trading Up 2.6 %

Shares of Procter & Gamble stock opened at $170.08 on Thursday. Procter & Gamble has a 12-month low of $141.45 and a 12-month high of $170.92. The company has a quick ratio of 0.48, a current ratio of 0.73 and a debt-to-equity ratio of 0.50. The business’s 50 day moving average is $166.28 and its 200-day moving average is $162.21. The stock has a market cap of $401.41 billion, a P/E ratio of 27.79, a P/E/G ratio of 3.60 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.03. The firm had revenue of $20.53 billion for the quarter, compared to analyst estimates of $20.69 billion. Procter & Gamble had a net margin of 17.71% and a return on equity of 33.33%. The company’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.37 earnings per share. Equities research analysts predict that Procter & Gamble will post 6.96 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Friday, July 19th will be paid a $1.0065 dividend. This represents a $4.03 annualized dividend and a yield of 2.37%. The ex-dividend date is Friday, July 19th. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.85%.

Insider Buying and Selling at Procter & Gamble

In related news, insider Moses Victor Javier Aguilar sold 9,149 shares of the stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $167.72, for a total value of $1,534,470.28. Following the completion of the transaction, the insider now owns 12,929 shares of the company’s stock, valued at approximately $2,168,451.88. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO Sundar G. Raman sold 31,924 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $166.95, for a total value of $5,329,711.80. Following the completion of the transaction, the chief executive officer now owns 19,042 shares in the company, valued at approximately $3,179,061.90. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Moses Victor Javier Aguilar sold 9,149 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $167.72, for a total transaction of $1,534,470.28. Following the sale, the insider now directly owns 12,929 shares in the company, valued at $2,168,451.88. The disclosure for this sale can be found here. Insiders have sold a total of 62,461 shares of company stock worth $10,392,774 over the last 90 days. Insiders own 0.17% of the company’s stock.

Institutional Trading of Procter & Gamble

Several institutional investors have recently modified their holdings of PG. National Bank of Canada FI raised its position in shares of Procter & Gamble by 77.8% during the second quarter. National Bank of Canada FI now owns 1,266,278 shares of the company’s stock worth $206,037,000 after acquiring an additional 553,952 shares during the last quarter. SouthState Corp raised its stake in Procter & Gamble by 4.5% during the second quarter. SouthState Corp now owns 78,706 shares of the company’s stock worth $12,980,000 after buying an additional 3,358 shares during the last quarter. Nottingham Advisors Inc. lifted its holdings in Procter & Gamble by 98.9% in the second quarter. Nottingham Advisors Inc. now owns 6,014 shares of the company’s stock valued at $992,000 after buying an additional 2,990 shares during the period. Meridian Wealth Advisors LLC boosted its position in Procter & Gamble by 31.1% during the second quarter. Meridian Wealth Advisors LLC now owns 12,682 shares of the company’s stock valued at $2,092,000 after acquiring an additional 3,008 shares during the last quarter. Finally, Impact Partnership Wealth LLC raised its position in shares of Procter & Gamble by 57.4% in the 2nd quarter. Impact Partnership Wealth LLC now owns 3,679 shares of the company’s stock worth $607,000 after acquiring an additional 1,342 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

About Procter & Gamble

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.