Procter & Gamble (NYSE:PG) Price Target Cut to $171.00 by Analysts at Deutsche Bank Aktiengesellschaft

Procter & Gamble (NYSE:PGGet Rating) had its target price decreased by Deutsche Bank Aktiengesellschaft from $177.00 to $171.00 in a report issued on Wednesday, The Fly reports. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 15.63% from the company’s current price.

A number of other brokerages have also recently commented on PG. Jefferies Financial Group upped their target price on shares of Procter & Gamble from $179.00 to $185.00 in a report on Thursday, April 21st. StockNews.com raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a report on Wednesday, May 18th. Raymond James increased their price target on shares of Procter & Gamble from $175.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, April 21st. The Goldman Sachs Group lowered their price objective on Procter & Gamble from $179.00 to $173.00 in a report on Tuesday, March 29th. Finally, Credit Suisse Group lifted their price target on Procter & Gamble from $140.00 to $150.00 and gave the company a “neutral” rating in a research note on Thursday, April 21st. One analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $164.19.

NYSE PG opened at $147.88 on Wednesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.68 and a quick ratio of 0.47. Procter & Gamble has a 1 year low of $131.94 and a 1 year high of $165.35. The company has a market capitalization of $354.81 billion, a PE ratio of 25.81, a P/E/G ratio of 4.21 and a beta of 0.39. The company has a fifty day moving average of $154.69 and a two-hundred day moving average of $155.36.

Procter & Gamble (NYSE:PGGet Rating) last released its quarterly earnings data on Wednesday, April 20th. The company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.05. Procter & Gamble had a net margin of 18.33% and a return on equity of 32.39%. The company had revenue of $19.38 billion during the quarter, compared to the consensus estimate of $18.69 billion. During the same quarter in the prior year, the firm posted $1.26 earnings per share. Procter & Gamble’s revenue for the quarter was up 7.0% on a year-over-year basis. On average, research analysts expect that Procter & Gamble will post 5.84 earnings per share for the current year.

In other news, Chairman David S. Taylor sold 60,000 shares of the business’s stock in a transaction on Thursday, April 21st. The stock was sold at an average price of $164.52, for a total value of $9,871,200.00. Following the completion of the transaction, the chairman now directly owns 253,933 shares of the company’s stock, valued at $41,777,057.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Matthew W. Janzaruk sold 334 shares of the company’s stock in a transaction on Tuesday, April 26th. The shares were sold at an average price of $162.43, for a total value of $54,251.62. Following the completion of the transaction, the chief accounting officer now owns 1,220 shares of the company’s stock, valued at $198,164.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 108,415 shares of company stock valued at $17,777,055. 0.51% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Procter & Gamble by 1.1% in the first quarter. Vanguard Group Inc. now owns 217,519,281 shares of the company’s stock valued at $33,236,946,000 after purchasing an additional 2,394,234 shares during the last quarter. BlackRock Inc. increased its stake in Procter & Gamble by 1.2% in the fourth quarter. BlackRock Inc. now owns 156,813,285 shares of the company’s stock valued at $25,651,517,000 after purchasing an additional 1,785,863 shares during the last quarter. State Street Corp increased its stake in Procter & Gamble by 1.7% in the fourth quarter. State Street Corp now owns 105,458,164 shares of the company’s stock valued at $17,250,846,000 after purchasing an additional 1,716,517 shares during the last quarter. Geode Capital Management LLC grew its position in Procter & Gamble by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 43,444,122 shares of the company’s stock valued at $7,090,497,000 after acquiring an additional 972,826 shares during the period. Finally, Morgan Stanley increased its stake in Procter & Gamble by 1.0% during the third quarter. Morgan Stanley now owns 34,831,920 shares of the company’s stock worth $4,869,502,000 after acquiring an additional 331,201 shares during the last quarter. Hedge funds and other institutional investors own 63.64% of the company’s stock.

Procter & Gamble Company Profile (Get Rating)

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It operates in five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care.

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