Procter & Gamble (PG) Now Covered by Analysts at Berenberg Bank
Berenberg Bank started coverage on shares of Procter & Gamble (NYSE:PG) in a research report released on Wednesday, Marketbeat.com reports. The firm issued a sell rating and a $78.50 price objective on the stock.
Several other equities analysts have also commented on PG. Vetr lowered shares of Procter & Gamble from a buy rating to a hold rating and set a $90.38 price objective for the company. in a research report on Tuesday, November 7th. Jefferies Group reiterated a buy rating and set a $88.23 price objective (down previously from $99.00) on shares of Procter & Gamble in a research report on Thursday, November 16th. Deutsche Bank started coverage on shares of Procter & Gamble in a research report on Wednesday, December 13th. They set a buy rating and a $101.00 price objective for the company. Wells Fargo & Co reiterated a hold rating and set a $88.00 price objective on shares of Procter & Gamble in a research report on Sunday, December 17th. Finally, Zacks Investment Research lowered shares of Procter & Gamble from a buy rating to a hold rating in a research report on Thursday, January 4th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of $87.57.
Procter & Gamble (NYSE PG) opened at $79.50 on Wednesday. Procter & Gamble has a 12-month low of $77.90 and a 12-month high of $94.67. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.79 and a current ratio of 0.94. The company has a market cap of $200,419.81, a price-to-earnings ratio of 21.26, a price-to-earnings-growth ratio of 2.48 and a beta of 0.58.
The company also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Friday, January 19th were issued a $0.6896 dividend. The ex-dividend date was Thursday, January 18th. This represents a $2.76 annualized dividend and a dividend yield of 3.47%. Procter & Gamble’s dividend payout ratio (DPR) is presently 73.80%.
In related news, Vice Chairman Jon R. Moeller sold 3,252 shares of the firm’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $78.59, for a total value of $255,574.68. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Marylynn Fergusonmchugh sold 2,353 shares of the firm’s stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $78.59, for a total transaction of $184,922.27. The disclosure for this sale can be found here. Insiders sold a total of 114,011 shares of company stock worth $9,710,976 in the last ninety days. 0.35% of the stock is currently owned by insiders.
A number of hedge funds have recently bought and sold shares of PG. Signature Estate & Investment Advisors LLC purchased a new position in Procter & Gamble during the 4th quarter valued at about $103,000. Asset Planning Services Ltd. grew its position in shares of Procter & Gamble by 0.4% in the 2nd quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock worth $104,000 after buying an additional 5 shares during the last quarter. Earnest Partners LLC purchased a new position in shares of Procter & Gamble in the 4th quarter worth approximately $110,000. Harding Loevner LP purchased a new position in shares of Procter & Gamble in the 2nd quarter worth approximately $119,000. Finally, Cerebellum GP LLC purchased a new position in shares of Procter & Gamble in the 4th quarter worth approximately $122,000. 59.78% of the stock is currently owned by institutional investors.
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.
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