Procter & Gamble (NYSE:PG) PT Lowered to $171.00 at Deutsche Bank Aktiengesellschaft

Procter & Gamble (NYSE:PG) had its price objective reduced by Deutsche Bank Aktiengesellschaft from $172.00 to $171.00 in a research note issued to investors on Monday morning, Benzinga reports. They currently have a buy rating on the stock.

Several other brokerages have also commented on PG. Barclays boosted their target price on shares of Procter & Gamble from $165.00 to $168.00 and gave the stock an overweight rating in a research report on Friday, April 12th. Stifel Nicolaus boosted their target price on shares of Procter & Gamble from $155.00 to $157.00 and gave the stock a hold rating in a research report on Wednesday, January 24th. StockNews.com lowered shares of Procter & Gamble from a buy rating to a hold rating in a research report on Thursday, February 29th. Wells Fargo & Company boosted their target price on shares of Procter & Gamble from $162.00 to $170.00 and gave the stock an overweight rating in a research report on Wednesday, January 24th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Procter & Gamble from $169.00 to $162.00 and set an overweight rating on the stock in a research report on Thursday, January 18th. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, Procter & Gamble has an average rating of Moderate Buy and a consensus price target of $169.76.

Procter & Gamble Stock Performance

Shares of Procter & Gamble stock opened at $162.55 on Monday. The firm’s fifty day simple moving average is $159.57 and its 200-day simple moving average is $153.39. The stock has a market capitalization of $383.64 billion, a price-to-earnings ratio of 26.56, a PEG ratio of 3.30 and a beta of 0.44. Procter & Gamble has a 12 month low of $141.45 and a 12 month high of $164.32. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.69 and a quick ratio of 0.48.

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

Procter & Gamble Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th will be paid a dividend of $1.0065 per share. The ex-dividend date is Thursday, April 18th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.48%. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. Procter & Gamble’s dividend payout ratio is currently 65.85%.

Insider Activity

In related news, insider Susan Street Whaley sold 3,865 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $160.60, for a total transaction of $620,719.00. Following the completion of the sale, the insider now owns 11,886 shares of the company’s stock, valued at approximately $1,908,891.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, insider Susan Street Whaley sold 3,865 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $160.60, for a total transaction of $620,719.00. Following the completion of the sale, the insider now owns 11,886 shares of the company’s stock, valued at approximately $1,908,891.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Balaji Purushothaman sold 28,369 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $161.49, for a total transaction of $4,581,309.81. Following the sale, the insider now directly owns 11,507 shares of the company’s stock, valued at approximately $1,858,265.43. The disclosure for this sale can be found here. Insiders sold a total of 100,865 shares of company stock valued at $16,029,280 in the last 90 days. 0.17% of the stock is currently owned by insiders.

Institutional Trading of Procter & Gamble

Several large investors have recently bought and sold shares of PG. Norges Bank acquired a new stake in Procter & Gamble in the fourth quarter valued at approximately $3,956,117,000. Cerity Partners LLC grew its position in Procter & Gamble by 106.2% in the fourth quarter. Cerity Partners LLC now owns 6,134,455 shares of the company’s stock valued at $898,943,000 after acquiring an additional 3,159,796 shares in the last quarter. Wellington Management Group LLP grew its position in Procter & Gamble by 9.4% in the third quarter. Wellington Management Group LLP now owns 35,608,913 shares of the company’s stock valued at $5,193,916,000 after acquiring an additional 3,047,557 shares in the last quarter. International Assets Investment Management LLC grew its position in Procter & Gamble by 13,850.3% in the fourth quarter. International Assets Investment Management LLC now owns 2,747,379 shares of the company’s stock valued at $402,601,000 after acquiring an additional 2,727,685 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Procter & Gamble by 235.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 3,231,032 shares of the company’s stock valued at $473,475,000 after buying an additional 2,268,805 shares during the last quarter. Institutional investors and hedge funds 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.