Citigroup Issues Pessimistic Forecast for Procter & Gamble (NYSE:PG) Stock Price

Procter & Gamble (NYSE:PG) had its target price lowered by equities researchers at Citigroup from $200.00 to $181.00 in a report issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s target price indicates a potential upside of 12.39% from the stock’s previous close.

A number of other equities analysts also recently issued reports on PG. Wells Fargo & Company raised their price objective on Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. DA Davidson restated a “buy” rating and issued a $209.00 price target on shares of Procter & Gamble in a research report on Thursday, January 23rd. Truist Financial increased their price objective on shares of Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, April 3rd. Royal Bank of Canada upgraded shares of Procter & Gamble from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $164.00 to $177.00 in a report on Friday. Finally, UBS Group reiterated a “buy” rating on shares of Procter & Gamble in a report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have issued a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $180.79.

Procter & Gamble Stock Up 0.9 %

Shares of NYSE PG opened at $161.04 on Friday. Procter & Gamble has a 1 year low of $156.58 and a 1 year high of $180.43. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55. The firm has a market cap of $377.61 billion, a PE ratio of 25.64, a price-to-earnings-growth ratio of 3.76 and a beta of 0.43. The company has a 50 day simple moving average of $168.16 and a 200 day simple moving average of $168.32.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Thursday, April 24th. The company reported $1.54 EPS for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.03). The business had revenue of $19.78 billion for the quarter, compared to analyst estimates of $20.42 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. During the same quarter last year, the firm posted $1.52 EPS. On average, research analysts forecast that Procter & Gamble will post 6.91 EPS for the current year.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, CEO Gary A. Coombe sold 18,000 shares of the firm’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $171.66, for a total transaction of $3,089,880.00. Following the transaction, the chief executive officer now directly owns 22,051 shares in the company, valued at approximately $3,785,274.66. This trade represents a 44.94 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.18% of the stock is owned by insiders.

Institutional Trading of Procter & Gamble

Institutional investors and hedge funds have recently made changes to their positions in the company. Kampmann Melissa S. grew its position in Procter & Gamble by 0.8% in the 1st quarter. Kampmann Melissa S. now owns 26,659 shares of the company’s stock worth $4,543,000 after purchasing an additional 220 shares in the last quarter. Mather Group LLC. boosted its stake in shares of Procter & Gamble by 60.0% in the 1st quarter. Mather Group LLC. now owns 270,716 shares of the company’s stock worth $46,135,000 after buying an additional 101,498 shares during the last quarter. Alta Advisers Ltd grew its holdings in shares of Procter & Gamble by 47.7% in the first quarter. Alta Advisers Ltd now owns 11,618 shares of the company’s stock valued at $1,980,000 after acquiring an additional 3,750 shares in the last quarter. Cypress Capital LLC increased its position in shares of Procter & Gamble by 2.0% during the first quarter. Cypress Capital LLC now owns 15,714 shares of the company’s stock valued at $2,678,000 after acquiring an additional 309 shares during the last quarter. Finally, Deseret Mutual Benefit Administrators boosted its position in Procter & Gamble by 1.7% in the first quarter. Deseret Mutual Benefit Administrators now owns 9,647 shares of the company’s stock worth $1,644,000 after purchasing an additional 158 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.