Procter & Gamble (NYSE:PG) Price Target Lowered to $162.00 at Deutsche Bank Aktiengesellschaft

Procter & Gamble (NYSE:PG) had its target price dropped by analysts at Deutsche Bank Aktiengesellschaft from $171.00 to $162.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective indicates a potential upside of 12.04% from the stock’s current price.

PG has been the topic of several other research reports. UBS Group increased their price target on shares of Procter & Gamble from $161.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. JPMorgan Chase & Co. upgraded Procter & Gamble from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $157.00 to $165.00 in a report on Friday, January 23rd. Dbs Bank raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. Jefferies Financial Group raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and lifted their price target for the company from $156.00 to $179.00 in a report on Tuesday, December 16th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Procter & Gamble in a report on Friday. Twelve analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $167.83.

Procter & Gamble Trading Up 1.3%

PG stock traded up $1.89 on Monday, hitting $144.60. 4,476,074 shares of the company were exchanged, compared to its average volume of 11,643,984. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.72 and a quick ratio of 0.51. The stock has a market capitalization of $336.04 billion, a price-to-earnings ratio of 21.42, a price-to-earnings-growth ratio of 4.77 and a beta of 0.37. Procter & Gamble has a twelve month low of $137.62 and a twelve month high of $174.80. The business’s fifty day moving average is $153.93 and its two-hundred day moving average is $150.07.

Procter & Gamble (NYSE:PG) last issued its earnings results on Friday, January 23rd. The company reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.02. Procter & Gamble had a return on equity of 32.21% and a net margin of 19.30%.The business had revenue of $22.21 billion during the quarter, compared to analysts’ expectations of $22.36 billion. During the same quarter in the previous year, the business earned $1.88 EPS. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. As a group, research analysts forecast that Procter & Gamble will post 6.91 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Balaji Purushothaman sold 12,827 shares of the stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $160.31, for a total value of $2,056,296.37. Following the completion of the transaction, the insider directly owned 12,639 shares of the company’s stock, valued at approximately $2,026,158.09. This represents a 50.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Marc S. Pritchard sold 95,903 shares of the company’s stock in a transaction dated Friday, January 23rd. The stock was sold at an average price of $151.15, for a total transaction of $14,495,738.45. Following the sale, the insider directly owned 182,607 shares in the company, valued at $27,601,048.05. This represents a 34.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 348,618 shares of company stock worth $55,462,643. 0.20% of the stock is currently owned by company insiders.

Institutional Trading of Procter & Gamble

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Halbert Hargrove Global Advisors LLC bought a new stake in Procter & Gamble in the third quarter worth approximately $25,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of Procter & Gamble by 1,000.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 165 shares of the company’s stock valued at $25,000 after acquiring an additional 150 shares in the last quarter. Park Square Financial Group LLC increased its stake in Procter & Gamble by 65.1% during the 4th quarter. Park Square Financial Group LLC now owns 180 shares of the company’s stock valued at $26,000 after purchasing an additional 71 shares in the last quarter. Evolution Wealth Management Inc. lifted its position in Procter & Gamble by 1,315.4% in the 4th quarter. Evolution Wealth Management Inc. now owns 184 shares of the company’s stock valued at $26,000 after acquiring an additional 171 shares in the last quarter. Finally, Litman Gregory Wealth Management LLC bought a new position in shares of Procter & Gamble during the fourth quarter valued at about $26,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Company Profile

Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.