TD Cowen Lowers Procter & Gamble (NYSE:PG) Price Target to $142.00

Procter & Gamble (NYSE:PG) had its price objective lowered by TD Cowen from $156.00 to $142.00 in a note issued to investors on Wednesday,MarketScreener reports. The firm presently has a “hold” rating on the stock. TD Cowen’s price target would indicate a potential downside of 1.58% from the company’s current price.

A number of other analysts have also issued reports on the company. Rothschild & Co Redburn raised their price target on shares of Procter & Gamble from $155.00 to $157.00 and gave the stock a “neutral” rating in a research note on Friday, January 23rd. JPMorgan Chase & Co. upgraded shares of Procter & Gamble from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $157.00 to $165.00 in a report on Friday, January 23rd. Barclays set a $155.00 target price on shares of Procter & Gamble in a research note on Friday, January 16th. Erste Group Bank lowered Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Finally, Jefferies Financial Group raised Procter & Gamble from a “hold” rating to a “buy” rating and increased their price target for the company from $156.00 to $179.00 in a report on Tuesday, December 16th. Twelve investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $167.06.

Procter & Gamble Stock Down 0.1%

Shares of Procter & Gamble stock traded down $0.16 on Wednesday, reaching $144.28. The stock had a trading volume of 4,486,955 shares, compared to its average volume of 11,624,800. The company has a 50 day moving average price of $153.88 and a 200 day moving average price of $149.88. The company has a quick ratio of 0.51, a current ratio of 0.72 and a debt-to-equity ratio of 0.49. Procter & Gamble has a 1 year low of $137.62 and a 1 year high of $174.80. The stock has a market capitalization of $335.31 billion, a P/E ratio of 21.37, a P/E/G ratio of 4.84 and a beta of 0.37.

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

Insider Buying and Selling at Procter & Gamble

In related news, insider Moses Victor Javier Aguilar sold 15,169 shares of Procter & Gamble stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $162.28, for a total value of $2,461,625.32. Following the sale, the insider directly owned 44,735 shares in the company, valued at $7,259,595.80. The trade was a 25.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Marc S. Pritchard sold 95,903 shares of Procter & Gamble stock in a transaction that occurred on Friday, January 23rd. The shares were sold at an average price of $151.15, for a total transaction of $14,495,738.45. Following the sale, the insider owned 182,607 shares of the company’s stock, valued at approximately $27,601,048.05. The trade was a 34.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 348,618 shares of company stock valued at $55,462,643. 0.20% of the stock is owned by company insiders.

Institutional Trading of Procter & Gamble

A number of large investors have recently modified their holdings of the company. Brighton Jones LLC lifted its position in shares of Procter & Gamble by 51.5% in the fourth quarter. Brighton Jones LLC now owns 40,068 shares of the company’s stock worth $6,717,000 after buying an additional 13,617 shares during the last quarter. Taylor Financial Group Inc. raised its holdings in Procter & Gamble by 10.6% in the 1st quarter. Taylor Financial Group Inc. now owns 2,891 shares of the company’s stock valued at $493,000 after acquiring an additional 277 shares in the last quarter. Sivia Capital Partners LLC lifted its position in Procter & Gamble by 19.8% in the second quarter. Sivia Capital Partners LLC now owns 6,144 shares of the company’s stock worth $979,000 after purchasing an additional 1,016 shares during the period. Auxano Advisors LLC lifted its holdings in shares of Procter & Gamble by 10.8% during the 2nd quarter. Auxano Advisors LLC now owns 7,315 shares of the company’s stock worth $1,165,000 after acquiring an additional 714 shares during the period. Finally, Schnieders Capital Management LLC. lifted its stake in Procter & Gamble by 2.8% during the second quarter. Schnieders Capital Management LLC. now owns 30,182 shares of the company’s stock worth $4,809,000 after purchasing an additional 809 shares during the period. 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.