Procter & Gamble Co (NYSE:PG) – Equities research analysts at SunTrust Banks decreased their Q1 2019 earnings estimates for Procter & Gamble in a research note issued on Thursday, October 18th, according to Zacks Investment Research. SunTrust Banks analyst W. Chappell now forecasts that the company will earn $1.09 per share for the quarter, down from their previous forecast of $1.11. SunTrust Banks currently has a “Hold” rating and a $85.00 target price on the stock. SunTrust Banks also issued estimates for Procter & Gamble’s Q2 2019 earnings at $1.20 EPS, Q3 2019 earnings at $1.06 EPS, Q4 2019 earnings at $0.99 EPS, FY2019 earnings at $4.35 EPS, Q1 2020 earnings at $1.19 EPS, Q2 2020 earnings at $1.30 EPS, Q3 2020 earnings at $1.15 EPS, Q4 2020 earnings at $1.06 EPS and FY2020 earnings at $4.70 EPS.
Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Friday, October 19th. The company reported $1.12 EPS for the quarter, beating the Zacks’ consensus estimate of $1.09 by $0.03. The firm had revenue of $16.69 billion for the quarter, compared to analyst estimates of $16.45 billion. Procter & Gamble had a net margin of 15.10% and a return on equity of 21.20%. The company’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.09 earnings per share.
A number of other equities analysts have also issued reports on the stock. Jefferies Financial Group reiterated a “hold” rating and set a $86.00 target price on shares of Procter & Gamble in a research report on Friday. TD Securities reiterated a “hold” rating on shares of Procter & Gamble in a research report on Thursday. Bank of America upped their target price on shares of Procter & Gamble from $92.00 to $95.00 and gave the stock a “neutral” rating in a research report on Tuesday. ValuEngine upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Wednesday, October 24th. Finally, Zacks Investment Research upgraded shares of Procter & Gamble from a “sell” rating to a “hold” rating in a research report on Wednesday, October 24th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $88.38.
NYSE:PG traded up $1.05 on Friday, reaching $92.41. The stock had a trading volume of 10,713,479 shares, compared to its average volume of 13,474,850. The firm has a market cap of $230.14 billion, a PE ratio of 21.90, a price-to-earnings-growth ratio of 2.99 and a beta of 0.37. Procter & Gamble has a 1-year low of $70.73 and a 1-year high of $93.14. The company has a quick ratio of 0.62, a current ratio of 0.80 and a debt-to-equity ratio of 0.40.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Friday, October 19th will be paid a dividend of $0.7172 per share. This represents a $2.87 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date of this dividend is Thursday, October 18th. Procter & Gamble’s dividend payout ratio (DPR) is 68.01%.
In related news, CEO David S. Taylor sold 63,113 shares of the business’s stock in a transaction that occurred on Friday, November 9th. The shares were sold at an average price of $91.68, for a total transaction of $5,786,199.84. Following the completion of the sale, the chief executive officer now directly owns 226,393 shares of the company’s stock, valued at $20,755,710.24. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider R. Alexandra Keith sold 1,463 shares of the business’s stock in a transaction that occurred on Friday, November 2nd. The stock was sold at an average price of $89.89, for a total transaction of $131,509.07. Following the sale, the insider now directly owns 45,018 shares of the company’s stock, valued at $4,046,668.02. The disclosure for this sale can be found here. Over the last three months, insiders have sold 153,302 shares of company stock valued at $13,438,363. 1.84% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently bought and sold shares of PG. Bank of New York Mellon Corp increased its stake in Procter & Gamble by 5,578,292.9% in the third quarter. Bank of New York Mellon Corp now owns 24,377,577 shares of the company’s stock valued at $2,028,947,000 after purchasing an additional 24,377,140 shares in the last quarter. Phocas Financial Corp. increased its stake in Procter & Gamble by 99,943.2% in the second quarter. Phocas Financial Corp. now owns 7,573,274 shares of the company’s stock valued at $591,000 after purchasing an additional 7,565,704 shares in the last quarter. Franklin Resources Inc. increased its stake in Procter & Gamble by 63.1% in the first quarter. Franklin Resources Inc. now owns 11,150,063 shares of the company’s stock valued at $883,964,000 after purchasing an additional 4,315,180 shares in the last quarter. BlackRock Inc. increased its stake in Procter & Gamble by 2.2% in the second quarter. BlackRock Inc. now owns 166,150,277 shares of the company’s stock valued at $12,969,690,000 after purchasing an additional 3,551,051 shares in the last quarter. Finally, Charles Schwab Investment Advisory Inc. bought a new stake in Procter & Gamble in the second quarter valued at approximately $241,094,000. 58.54% of the stock is owned by institutional investors and hedge funds.
About Procter & Gamble
The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.
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