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

Procter & Gamble (NYSE:PG) had its target price lowered by investment analysts at UBS Group from $170.00 to $166.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. UBS Group’s price objective points to a potential upside of 17.70% from the stock’s previous close.

Other equities analysts have also issued research reports about the company. Weiss Ratings reissued a “hold (c)” rating on shares of Procter & Gamble in a research note on Friday, March 27th. Wells Fargo & Company reissued an “overweight” rating and issued a $177.00 price objective on shares of Procter & Gamble in a research note on Tuesday, February 17th. Piper Sandler initiated coverage on Procter & Gamble in a research note on Wednesday, January 7th. They issued a “neutral” rating and a $150.00 price objective on the stock. Deutsche Bank Aktiengesellschaft reduced their price objective on Procter & Gamble from $171.00 to $162.00 and set a “hold” rating on the stock in a research note on Monday, March 30th. Finally, BNP Paribas Exane reduced their price objective on Procter & Gamble from $172.00 to $164.00 and set an “outperform” rating on the stock in a research note on Friday, January 16th. Twelve equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $166.83.

Procter & Gamble Price Performance

PG stock traded down $1.73 during trading on Tuesday, hitting $141.04. The company had a trading volume of 3,716,563 shares, compared to its average volume of 11,396,813. The company has a fifty day moving average price of $153.43 and a two-hundred day moving average price of $149.46. The company has a current ratio of 0.72, a quick ratio of 0.51 and a debt-to-equity ratio of 0.49. The company has a market cap of $327.78 billion, a P/E ratio of 20.87, a P/E/G ratio of 5.04 and a beta of 0.41. Procter & Gamble has a fifty-two week low of $137.62 and a fifty-two week high of $171.65.

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

Insider Activity at Procter & Gamble

In other news, CEO Ma. Fatima Francisco sold 5,549 shares of the business’s stock in a transaction on Friday, February 27th. The stock was sold at an average price of $165.29, for a total transaction of $917,194.21. Following the completion of the sale, the chief executive officer owned 1,029 shares in the company, valued at $170,083.41. The trade was a 84.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Susan Street Whaley sold 1,809 shares of the business’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $159.46, for a total value of $288,463.14. Following the sale, the insider owned 30,215 shares of the company’s stock, valued at approximately $4,818,083.90. The trade was a 5.65% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 348,618 shares of company stock valued at $55,462,643 over the last quarter. 0.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Procter & Gamble

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Procter & Gamble by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 237,459,756 shares of the company’s stock valued at $34,030,358,000 after purchasing an additional 2,829,151 shares during the last quarter. State Street Corp increased its holdings in Procter & Gamble by 1.0% in the fourth quarter. State Street Corp now owns 101,618,926 shares of the company’s stock valued at $14,563,008,000 after purchasing an additional 984,102 shares during the last quarter. Geode Capital Management LLC increased its holdings in Procter & Gamble by 3.3% in the fourth quarter. Geode Capital Management LLC now owns 62,647,882 shares of the company’s stock valued at $8,962,689,000 after purchasing an additional 1,974,556 shares during the last quarter. Norges Bank bought a new stake in Procter & Gamble in the fourth quarter valued at about $4,664,783,000. Finally, Price T Rowe Associates Inc. MD increased its holdings in Procter & Gamble by 3.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 29,612,826 shares of the company’s stock valued at $4,243,815,000 after purchasing an additional 1,091,091 shares during the last quarter. Institutional investors own 65.77% of the company’s stock.

About Procter & Gamble

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.