Wells Fargo & Company Lowers Procter & Gamble (NYSE:PG) Price Target to $158.00

Procter & Gamble (NYSE:PG) had its price objective decreased by research analysts at Wells Fargo & Company from $177.00 to $158.00 in a research report issued on Wednesday,MarketScreener reports. The brokerage currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target suggests a potential upside of 10.01% from the stock’s previous close.

Several other brokerages also recently weighed in on PG. Barclays set a $155.00 price target on shares of Procter & Gamble in a research report on Friday, January 16th. JPMorgan Chase & Co. upgraded shares of Procter & Gamble from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $157.00 to $165.00 in a research note on Friday, January 23rd. TD Cowen dropped their price target on shares of Procter & Gamble from $156.00 to $142.00 and set a “hold” rating on the stock in a research note on Wednesday, April 1st. UBS Group dropped their price target on shares of Procter & Gamble from $170.00 to $166.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Procter & Gamble in a research note on Friday, March 27th. Twelve research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, Procter & Gamble has an average rating of “Moderate Buy” and an average target price of $164.79.

Procter & Gamble Trading Up 1.6%

Shares of PG stock opened at $143.62 on Wednesday. The company’s fifty day simple moving average is $153.28 and its two-hundred day simple moving average is $149.35. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.72 and a quick ratio of 0.51. Procter & Gamble has a 1 year low of $137.62 and a 1 year high of $171.65. The stock has a market capitalization of $333.78 billion, a price-to-earnings ratio of 21.31, a PEG ratio of 5.04 and a beta of 0.41.

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

Insider Buying and Selling at Procter & Gamble

In related news, 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 transaction of $5,858,976.69. Following the transaction, the chief executive officer owned 34,994 shares in the company, valued at approximately $5,680,576.02. The trade was a 50.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Moses Victor Javier Aguilar sold 15,169 shares of Procter & Gamble stock in a transaction on Friday, February 13th. The shares were sold at an average price of $162.28, for a total transaction of $2,461,625.32. Following the transaction, the insider owned 44,735 shares in the company, valued at approximately $7,259,595.80. This trade represents a 25.32% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 348,618 shares of company stock worth $55,462,643. Insiders own 0.20% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Carson Advisory Inc. lifted its stake in shares of Procter & Gamble by 0.5% during the 4th quarter. Carson Advisory Inc. now owns 12,124 shares of the company’s stock valued at $1,738,000 after buying an additional 65 shares in the last quarter. Trilogy Capital Inc. increased its holdings in Procter & Gamble by 1.1% in the 4th quarter. Trilogy Capital Inc. now owns 6,289 shares of the company’s stock valued at $901,000 after acquiring an additional 67 shares during the last quarter. Cary Street Partners Investment Advisory LLC increased its holdings in Procter & Gamble by 1.8% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 3,829 shares of the company’s stock valued at $549,000 after acquiring an additional 67 shares during the last quarter. Emprise Bank increased its holdings in Procter & Gamble by 2.5% in the 3rd quarter. Emprise Bank now owns 2,766 shares of the company’s stock valued at $425,000 after acquiring an additional 68 shares during the last quarter. Finally, Lorne Steinberg Wealth Management Inc. increased its holdings in Procter & Gamble by 2.7% in the 4th quarter. Lorne Steinberg Wealth Management Inc. now owns 2,623 shares of the company’s stock valued at $376,000 after acquiring an additional 68 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 (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.