Procter & Gamble (NYSE:PG) Cut to Hold at StockNews.com

Procter & Gamble (NYSE:PG) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Monday.

PG has been the topic of a number of other reports. The Goldman Sachs Group assumed coverage on shares of Procter & Gamble in a report on Friday, March 1st. They issued a “neutral” rating and a $168.00 price objective on the stock. Truist Financial raised Procter & Gamble from a “hold” rating to a “buy” rating and raised their target price for the stock from $160.00 to $175.00 in a research report on Monday, March 11th. Jefferies Financial Group raised their price objective on shares of Procter & Gamble from $175.00 to $182.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Procter & Gamble from $172.00 to $171.00 and set a “buy” rating for the company in a research note on Monday, April 22nd. Finally, Argus upped their price objective on Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $169.76.

Procter & Gamble Trading Up 0.4 %

Shares of Procter & Gamble stock traded up $0.71 during trading hours on Monday, hitting $167.50. The company’s stock had a trading volume of 6,628,842 shares, compared to its average volume of 6,503,784. The firm has a fifty day moving average of $163.63 and a 200-day moving average of $157.64. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.48 and a current ratio of 0.69. The stock has a market cap of $395.32 billion, a price-to-earnings ratio of 27.37, a P/E/G ratio of 3.39 and a beta of 0.42. Procter & Gamble has a twelve month low of $141.45 and a twelve month high of $168.97.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Friday, April 19th. The company reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.10. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. The firm had revenue of $20.20 billion during the quarter, compared to analysts’ expectations of $20.43 billion. During the same quarter last year, the company posted $1.37 EPS. The firm’s quarterly revenue was up .6% on a year-over-year basis. Research analysts forecast that Procter & Gamble will post 6.55 EPS for the current year.

Insider Buying and Selling at Procter & Gamble

In other news, insider Moses Victor Javier Aguilar sold 9,149 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $167.72, for a total transaction of $1,534,470.28. Following the completion of the transaction, the insider now directly owns 12,929 shares of the company’s stock, valued at approximately $2,168,451.88. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, insider Moses Victor Javier Aguilar sold 9,149 shares of the stock in a transaction 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 owns 12,929 shares of the company’s stock, valued at $2,168,451.88. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO R. Alexandra Keith sold 855 shares of the business’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $158.50, for a total transaction of $135,517.50. Following the completion of the transaction, the chief executive officer now directly owns 4,004 shares of the company’s stock, valued at approximately $634,634. The disclosure for this sale can be found here. In the last three months, insiders sold 154,544 shares of company stock worth $25,413,051. 0.17% of the stock is owned by corporate insiders.

Institutional Trading of Procter & Gamble

Hedge funds have recently added to or reduced their stakes in the business. Dfpg Investments LLC increased its position in shares of Procter & Gamble by 1.7% in the fourth quarter. Dfpg Investments LLC now owns 24,892 shares of the company’s stock worth $3,680,000 after acquiring an additional 424 shares in the last quarter. Campbell Wealth Management boosted its holdings in Procter & Gamble by 13.1% in the 4th quarter. Campbell Wealth Management now owns 1,988 shares of the company’s stock worth $291,000 after acquiring an additional 231 shares during the period. Herold Advisors Inc. grew its position in Procter & Gamble by 2.2% in the fourth quarter. Herold Advisors Inc. now owns 26,592 shares of the company’s stock valued at $3,897,000 after acquiring an additional 581 shares in the last quarter. V Square Quantitative Management LLC raised its stake in shares of Procter & Gamble by 29.0% during the first quarter. V Square Quantitative Management LLC now owns 43,202 shares of the company’s stock valued at $7,010,000 after purchasing an additional 9,716 shares during the period. Finally, Metis Global Partners LLC lifted its position in shares of Procter & Gamble by 15.7% during the fourth quarter. Metis Global Partners LLC now owns 115,039 shares of the company’s stock worth $16,858,000 after purchasing an additional 15,599 shares in the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

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.