Procter & Gamble (NYSE:PG) Hits New 12-Month Low After Analyst Downgrade

Key Points

• Procter & Gamble's stock reached a new 52-week low after Bank of America downgraded its price target from $180.00 to $174.00, with shares trading as low as $149.58.
• Multiple analysts have adjusted their price targets for Procter & Gamble, with consensus expectations now sitting around a target price of $172.58 and a "Moderate Buy" rating.
• Notable insider trades include COO Shailesh Jejurikar and CEO Jennifer L. Davis both selling shares, signaling a decrease in ownership among top executives.

Shares of Procter & Gamble Company (The) (NYSE:PG - Get Free Report) hit a new 52-week low during mid-day trading on Thursday after Bank of America lowered their price target on the stock from $180.00 to $174.00. Bank of America currently has a buy rating on the stock. Procter & Gamble traded as low as $149.58 and last traded at $150.33, with a volume of 921225 shares traded. The stock had previously closed at $150.69.

Several other analysts have also recently issued reports on PG. BNP Paribas Exane cut their target price on Procter & Gamble from $177.00 to $172.00 and set an "outperform" rating on the stock in a research note on Tuesday, September 23rd. Berenberg Bank raised their target price on Procter & Gamble from $152.00 to $154.00 and gave the stock a "hold" rating in a research note on Wednesday, September 17th. Evercore ISI reissued an "in-line" rating and issued a $170.00 target price (down from $190.00) on shares of Procter & Gamble in a research note on Monday, July 14th. Weiss Ratings reissued a "hold (c+)" rating on shares of Procter & Gamble in a research note on Wednesday. Finally, JPMorgan Chase & Co. reissued a "neutral" rating and issued a $170.00 target price (down from $178.00) on shares of Procter & Gamble in a research note on Friday, July 25th. Eleven 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 presently has a consensus rating of "Moderate Buy" and a consensus target price of $172.58.

Insiders Place Their Bets

In other news, COO Shailesh Jejurikar sold 3,986 shares of Procter & Gamble stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total transaction of $606,788.78. Following the completion of the transaction, the chief operating officer directly owned 46,899 shares in the company, valued at approximately $7,139,434.77. This trade represents a 7.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jennifer L. Davis sold 3,227 shares of Procter & Gamble stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total transaction of $491,246.21. Following the transaction, the chief executive officer owned 61,764 shares of the company's stock, valued at $9,402,333.72. The trade was a 4.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 149,763 shares of company stock valued at $23,421,279 over the last ninety days. 0.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Procter & Gamble

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in Procter & Gamble by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 233,211,283 shares of the company's stock worth $37,155,222,000 after acquiring an additional 3,189,111 shares during the last quarter. Kingstone Capital Partners Texas LLC raised its holdings in Procter & Gamble by 655,209.0% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 76,028,952 shares of the company's stock worth $11,832,680,000 after acquiring an additional 76,017,350 shares during the last quarter. Geode Capital Management LLC raised its holdings in Procter & Gamble by 1.8% in the 2nd quarter. Geode Capital Management LLC now owns 59,415,933 shares of the company's stock worth $9,439,341,000 after acquiring an additional 1,060,713 shares during the last quarter. Norges Bank purchased a new position in Procter & Gamble in the 2nd quarter worth approximately $5,099,644,000. Finally, Northern Trust Corp raised its holdings in Procter & Gamble by 0.8% in the 1st quarter. Northern Trust Corp now owns 29,644,000 shares of the company's stock worth $5,051,930,000 after acquiring an additional 248,792 shares during the last quarter. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Procter & Gamble Stock Performance

The company has a market capitalization of $352.06 billion, a PE ratio of 23.07, a price-to-earnings-growth ratio of 4.05 and a beta of 0.36. The business's fifty day moving average is $155.26 and its two-hundred day moving average is $159.72. The company has a current ratio of 0.70, a quick ratio of 0.49 and a debt-to-equity ratio of 0.49.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, topping analysts' consensus estimates of $1.42 by $0.06. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The company had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.79 billion. During the same period in the previous year, the business earned $1.40 EPS. The firm's revenue for the quarter was up 1.7% on a year-over-year basis. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Equities research analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current year.

About Procter & Gamble

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.

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