Redburn Atlantic Downgrades Procter & Gamble (NYSE:PG) to Neutral

Procter & Gamble (NYSE:PG - Get Free Report) was downgraded by equities researchers at Redburn Atlantic from a "buy" rating to a "neutral" rating in a report released on Thursday, MarketBeat.com reports. They presently have a $161.00 target price on the stock. Redburn Atlantic's price target would suggest a potential upside of 0.26% from the stock's current price.

Other research analysts also recently issued reports about the company. Wells Fargo & Company upped their price target on Procter & Gamble from $176.00 to $180.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. Piper Sandler reaffirmed an "underperform" rating on shares of Procter & Gamble in a report on Friday, April 25th. DA Davidson reissued a "buy" rating and set a $209.00 price objective on shares of Procter & Gamble in a report on Thursday, January 23rd. JPMorgan Chase & Co. dropped their target price on shares of Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Finally, Citigroup cut their target price on shares of Procter & Gamble from $200.00 to $181.00 and set a "buy" rating for the company in a research report on Friday, April 25th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Procter & Gamble currently has an average rating of "Moderate Buy" and a consensus price target of $179.80.

Procter & Gamble Stock Up 0.4 %

Procter & Gamble stock traded up $0.61 during mid-day trading on Thursday, reaching $160.59. The stock had a trading volume of 5,744,311 shares, compared to its average volume of 7,157,721. The company has a market capitalization of $376.51 billion, a price-to-earnings ratio of 25.57, a PEG ratio of 3.76 and a beta of 0.43. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55. Procter & Gamble has a one year low of $156.58 and a one year high of $180.43. The company has a 50-day moving average price of $167.36 and a two-hundred day moving average price of $167.99.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.01. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The firm had revenue of $19.78 billion for the quarter, compared to the consensus estimate of $20.42 billion. During the same quarter in the prior year, the firm posted $1.52 earnings per share. The business's revenue was down 2.1% on a year-over-year basis. On average, analysts expect that Procter & Gamble will post 6.91 EPS for the current fiscal year.

Insider Transactions at Procter & Gamble

In related news, CEO Gary A. Coombe sold 35,000 shares of the company's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $173.68, for a total transaction of $6,078,800.00. Following the completion of the transaction, the chief executive officer now owns 22,051 shares in the company, valued at approximately $3,829,817.68. This represents a 61.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jennifer L. Davis sold 1,000 shares of the business's stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total transaction of $161,380.00. Following the completion of the sale, the chief executive officer now owns 51,965 shares in the company, valued at approximately $8,386,111.70. The trade was a 1.89 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 54,000 shares of company stock valued at $9,330,060 over the last 90 days. Company insiders own 0.18% of the company's stock.

Hedge Funds Weigh In On Procter & Gamble

Institutional investors have recently added to or reduced their stakes in the company. FAS Wealth Partners Inc. lifted its position in Procter & Gamble by 2.0% during the fourth quarter. FAS Wealth Partners Inc. now owns 27,690 shares of the company's stock valued at $4,642,000 after purchasing an additional 549 shares during the last quarter. Berkshire Asset Management LLC PA raised its position in shares of Procter & Gamble by 0.9% during the 4th quarter. Berkshire Asset Management LLC PA now owns 236,616 shares of the company's stock valued at $38,833,000 after buying an additional 2,179 shares in the last quarter. Strategic Advisors LLC lifted its holdings in shares of Procter & Gamble by 3.4% in the 4th quarter. Strategic Advisors LLC now owns 55,912 shares of the company's stock valued at $9,374,000 after acquiring an additional 1,818 shares during the last quarter. Fortem Financial Group LLC purchased a new position in Procter & Gamble in the fourth quarter worth about $569,000. Finally, Richard C. Young & CO. LTD. increased its stake in Procter & Gamble by 2.1% during the fourth quarter. Richard C. Young & CO. LTD. now owns 123,853 shares of the company's stock worth $20,764,000 after acquiring an additional 2,568 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company's stock.

Procter & Gamble Company Profile

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.