Procter & Gamble Company (The) (NYSE:PG) - Stock analysts at SunTrust Banks dropped their Q2 2018 EPS estimates for Procter & Gamble Company (The) in a note issued to investors on Thursday. SunTrust Banks analyst W. Chappell now forecasts that the company will earn $1.13 per share for the quarter, down from their prior estimate of $1.17. SunTrust Banks also issued estimates for Procter & Gamble Company (The)’s Q4 2018 earnings at $0.93 EPS, Q1 2019 earnings at $1.16 EPS, Q2 2019 earnings at $1.20 EPS, Q3 2019 earnings at $1.09 EPS, Q4 2019 earnings at $0.99 EPS and FY2019 earnings at $4.44 EPS.
Several other equities analysts have also recently commented on the stock. Zacks Investment Research raised shares of Procter & Gamble Company (The) from a “hold” rating to a “buy” rating and set a $101.00 target price on the stock in a research report on Tuesday. BidaskClub raised shares of Procter & Gamble Company (The) from a “sell” rating to a “hold” rating in a research report on Monday. Sanford C. Bernstein reissued an “outperform” rating and set a $100.00 target price (up previously from $98.00) on shares of Procter & Gamble Company (The) in a research report on Sunday. Stifel Nicolaus reissued a “hold” rating and set a $90.00 target price (up previously from $87.00) on shares of Procter & Gamble Company (The) in a research report on Sunday. Finally, Deutsche Bank AG reissued a “hold” rating and set a $92.00 target price (up previously from $90.00) on shares of Procter & Gamble Company (The) in a research report on Saturday, July 22nd. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $88.21.
Shares of Procter & Gamble Company (NYSE PG) traded up 0.78% during midday trading on Monday, reaching $91.53. 4,600,266 shares of the company were exchanged. The firm has a market capitalization of $233.70 billion, a P/E ratio of 16.36 and a beta of 0.68. The firm has a 50-day moving average of $88.48 and a 200 day moving average of $88.63. Procter & Gamble Company has a 52 week low of $81.18 and a 52 week high of $92.00.
Procter & Gamble Company (The) (NYSE:PG) last announced its quarterly earnings data on Thursday, July 27th. The company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.07. Procter & Gamble Company (The) had a net margin of 23.56% and a return on equity of 19.52%. The company had revenue of $16.08 billion during the quarter, compared to analyst estimates of $16.01 billion. During the same quarter last year, the business posted $0.79 EPS. The firm’s revenue for the quarter was down .1% on a year-over-year basis.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Friday, July 21st will be issued a dividend of $0.6896 per share. The ex-dividend date is Wednesday, July 19th. This represents a $2.76 dividend on an annualized basis and a yield of 3.04%. Procter & Gamble Company (The)’s payout ratio is 49.37%.
In other Procter & Gamble Company (The) news, insider Patrice Louvet sold 3,837 shares of the business’s stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $87.00, for a total transaction of $333,819.00. Following the sale, the insider now owns 46,913 shares of the company’s stock, valued at approximately $4,081,431. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ioannis Skoufalos sold 3,879 shares of the business’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $86.17, for a total transaction of $334,253.43. The disclosure for this sale can be found here. Insiders have sold a total of 197,223 shares of company stock worth $17,043,614 in the last three months. Insiders own 0.35% of the company’s stock.
A number of large investors have recently modified their holdings of the stock. Integrated Investment Consultants LLC raised its position in Procter & Gamble Company (The) by 1.1% in the first quarter. Integrated Investment Consultants LLC now owns 14,017 shares of the company’s stock worth $1,259,000 after buying an additional 150 shares during the period. MML Investors Services LLC purchased a new position in Procter & Gamble Company (The) during the fourth quarter worth approximately $277,000. Shelton Capital Management raised its position in Procter & Gamble Company (The) by 6.6% in the fourth quarter. Shelton Capital Management now owns 154,754 shares of the company’s stock worth $13,012,000 after buying an additional 9,560 shares during the period. Chilton Capital Management LLC raised its position in Procter & Gamble Company (The) by 10.2% in the fourth quarter. Chilton Capital Management LLC now owns 98,074 shares of the company’s stock worth $8,246,000 after buying an additional 9,110 shares during the period. Finally, Parallel Advisors LLC purchased a new position in Procter & Gamble Company (The) during the fourth quarter worth approximately $2,289,000. 59.78% of the stock is currently owned by institutional investors and hedge funds.
About Procter & Gamble Company (The)
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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