Procter & Gamble (NYSE:PG) Price Target Lowered to $162.00 at Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank cut its price target for Procter & Gamble from $171 to $162 and kept a hold rating, which the firm says implies roughly a 12.0% upside from the prior close.
• Analysts remain moderately positive overall — the average price target is $167.83 with 12 Buys and 9 Holds — while PG was trading near $144.60, below those consensus targets.
• Significant insider selling has occurred recently: insiders sold about 348,618 shares (~$55.5M) over the past 90 days, including CEO Gary Coombe and other executives who materially reduced their holdings.

Procter & Gamble (NYSE:PG - Get Free Report) had its price target reduced by equities researchers at Deutsche Bank Aktiengesellschaft from $171.00 to $162.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a "hold" rating on the stock. Deutsche Bank Aktiengesellschaft's price objective indicates a potential upside of 12.04% from the stock's previous close.

Other equities analysts also recently issued reports about the company. UBS Group boosted their price objective on Procter & Gamble from $161.00 to $170.00 and gave the stock a "buy" rating in a research report on Friday, January 23rd. Rothschild & Co Redburn raised their price target on Procter & Gamble from $155.00 to $157.00 and gave the company a "neutral" rating in a report on Friday, January 23rd. Barclays set a $155.00 price objective on shares of Procter & Gamble in a report on Friday, January 16th. Erste Group Bank cut Procter & Gamble from a "buy" rating to a "hold" rating in a research report on Tuesday, March 24th. Finally, TD Cowen cut shares of Procter & Gamble from a "buy" rating to a "hold" rating and boosted their price target for the company from $150.00 to $156.00 in a report on Tuesday, January 27th. Twelve investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $167.83.

Procter & Gamble Trading Up 1.3%

NYSE:PG traded up $1.89 on Monday, hitting $144.60. The stock had a trading volume of 4,476,074 shares, compared to its average volume of 11,643,984. Procter & Gamble has a 1-year low of $137.62 and a 1-year high of $174.80. The company has a quick ratio of 0.51, a current ratio of 0.72 and a debt-to-equity ratio of 0.49. The company has a fifty day moving average price of $153.93 and a two-hundred day moving average price of $150.07. The stock has a market cap of $336.04 billion, a price-to-earnings ratio of 21.42, a PEG ratio of 4.77 and a beta of 0.37.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings results on Friday, January 23rd. The company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.02. Procter & Gamble had a return on equity of 32.21% and a net margin of 19.30%.The company had revenue of $22.21 billion during the quarter, compared to the consensus estimate of $22.36 billion. During the same period in the previous year, the firm posted $1.88 EPS. Procter & Gamble's revenue was up 1.5% on a year-over-year basis. Equities research analysts expect that Procter & Gamble will post 6.91 earnings per share for the current fiscal year.

Insider Buying and Selling at Procter & Gamble

In related news, insider Moses Victor Javier Aguilar sold 15,169 shares of the 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 completion of the sale, the insider owned 44,735 shares of the company's stock, valued at approximately $7,259,595.80. This trade represents a 25.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gary A. Coombe sold 36,093 shares of Procter & Gamble stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $162.33, for a total value of $5,858,976.69. Following the completion of the sale, the chief executive officer owned 34,994 shares in the company, valued at $5,680,576.02. This represents a 50.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 348,618 shares of company stock valued at $55,462,643. Corporate insiders own 0.20% of the company's stock.

Hedge Funds Weigh In On Procter & Gamble

Large investors have recently bought and sold shares of the business. Purpose Unlimited Inc. purchased a new stake in Procter & Gamble in the 4th quarter valued at $8,908,000. Cornerstone Planning LLC acquired a new stake in shares of Procter & Gamble during the fourth quarter worth $3,084,000. Rockefeller Capital Management L.P. increased its stake in Procter & Gamble by 11.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,109,236 shares of the company's stock valued at $158,965,000 after buying an additional 114,301 shares during the period. Lane Brothers & Co. Inc. purchased a new position in Procter & Gamble during the 4th quarter worth $293,000. Finally, World Investment Advisors boosted its holdings in shares of Procter & Gamble by 15.9% in the fourth quarter. World Investment Advisors now owns 105,915 shares of the company's stock valued at $15,179,000 after acquiring an additional 14,492 shares in the last quarter. Hedge funds and other institutional investors 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.

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