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

Key Points

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Procter & Gamble Company (The) (NYSE:PG - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Thursday after Wells Fargo & Company lowered their price target on the stock from $175.00 to $173.00. Wells Fargo & Company currently has an overweight rating on the stock. Procter & Gamble traded as low as $150.90 and last traded at $150.91, with a volume of 1361197 shares changing hands. The stock had previously closed at $152.88.

PG has been the topic of a number of other research reports. Morgan Stanley set a $180.00 price target on shares of Procter & Gamble and gave the company an "overweight" rating in a report on Friday, April 25th. Raymond James Financial reduced their target price on shares of Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Redburn Partners set a $161.00 target price on shares of Procter & Gamble in a report on Thursday, May 1st. Piper Sandler lifted their price target on shares of Procter & Gamble from $160.00 to $164.00 and gave the stock a "neutral" rating in a research note on Monday, May 5th. Finally, UBS Group dropped their price target on shares of Procter & Gamble from $186.00 to $180.00 and set a "buy" rating on the stock in a research note on Thursday, July 17th. Seven analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $175.88.

Insider Activity at Procter & Gamble

In related news, insider Moses Victor Javier Aguilar sold 10,520 shares of the business's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the completion of the transaction, the insider owned 25,182 shares in the company, valued at approximately $3,995,627.94. The trade was a 29.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.18% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Oarsman Capital Inc. boosted its holdings in shares of Procter & Gamble by 2.3% in the second quarter. Oarsman Capital Inc. now owns 5,984 shares of the company's stock valued at $953,000 after buying an additional 134 shares during the period. Bank of Jackson Hole Trust boosted its holdings in shares of Procter & Gamble by 13.7% in the second quarter. Bank of Jackson Hole Trust now owns 12,127 shares of the company's stock valued at $1,932,000 after buying an additional 1,457 shares during the period. Motco boosted its holdings in shares of Procter & Gamble by 609.4% in the second quarter. Motco now owns 69,871 shares of the company's stock valued at $10,513,000 after buying an additional 60,021 shares during the period. Jennison Associates LLC boosted its holdings in shares of Procter & Gamble by 3.3% in the second quarter. Jennison Associates LLC now owns 394,633 shares of the company's stock valued at $62,873,000 after buying an additional 12,715 shares during the period. Finally, Winebrenner Capital Management LLC lifted its position in shares of Procter & Gamble by 1.2% in the second quarter. Winebrenner Capital Management LLC now owns 11,795 shares of the company's stock worth $1,879,000 after purchasing an additional 145 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company's stock.

Procter & Gamble Stock Performance

The stock's 50-day moving average price is $159.83 and its 200 day moving average price is $163.99. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.70 and a quick ratio of 0.50. The firm has a market cap of $353.21 billion, a P/E ratio of 23.14, a price-to-earnings-growth ratio of 3.96 and a beta of 0.37.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, topping analysts' consensus estimates of $1.42 by $0.06. The business had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.79 billion. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.56%. The firm's revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.40 earnings per share. As a group, equities analysts predict that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, July 18th will be given a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Friday, July 18th. Procter & Gamble's dividend payout ratio is 64.82%.

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.