Procter & Gamble (NYSE:PG) Price Target Cut to $162.00 by Analysts at JPMorgan Chase & Co.

Procter & Gamble (NYSE:PG) had its target price lowered by research analysts at JPMorgan Chase & Co. from $165.00 to $162.00 in a research note issued on Friday,MarketScreener reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 11.90% from the company’s current price.

Other equities research analysts also recently issued research reports about the stock. Bank of America cut their price objective on shares of Procter & Gamble from $171.00 to $167.00 and set a “buy” rating for the company in a research report on Friday, April 10th. Erste Group Bank lowered Procter & Gamble from a “buy” rating to a “hold” rating in a report on Tuesday, March 24th. UBS Group lowered their price objective on Procter & Gamble from $170.00 to $166.00 and set a “buy” rating on the stock in a research report on Tuesday, April 7th. Wells Fargo & Company cut their price objective on Procter & Gamble from $177.00 to $158.00 and set an “overweight” rating for the company in a research note on Wednesday, April 8th. Finally, Raymond James Financial decreased their target price on shares of Procter & Gamble from $175.00 to $170.00 and set an “outperform” rating on the stock in a research note on Tuesday. Twelve investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $163.00.

Procter & Gamble Price Performance

NYSE PG opened at $144.77 on Friday. The stock has a market capitalization of $336.45 billion, a price-to-earnings ratio of 21.39, a PEG ratio of 5.52 and a beta of 0.41. 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 $170.99. The business’s fifty day moving average price is $152.05 and its 200-day moving average price is $149.01.

Procter & Gamble (NYSE:PG) last announced its earnings results on Friday, January 23rd. The company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.02. The business had revenue of $22.21 billion for the quarter, compared to analysts’ expectations of $22.36 billion. Procter & Gamble had a return on equity of 32.21% and a net margin of 19.30%.The business’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period last year, the firm posted $1.88 earnings per share. On average, equities analysts predict that Procter & Gamble will post 6.91 earnings per share for the current year.

Insider Activity

In related news, insider Moses Victor Javier Aguilar sold 15,169 shares of the firm’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $162.28, for a total value of $2,461,625.32. Following the completion of the transaction, the insider directly owned 44,735 shares of the company’s stock, valued at approximately $7,259,595.80. This trade represents a 25.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Gary A. Coombe sold 36,093 shares of the business’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $162.33, for a total transaction of $5,858,976.69. Following the completion of the sale, the chief executive officer owned 34,994 shares in the company, valued at $5,680,576.02. This represents a 50.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 348,618 shares of company stock valued at $55,462,643. 0.20% of the stock is owned by corporate insiders.

Institutional Trading of Procter & Gamble

Several hedge funds have recently made changes to their positions in PG. Brighton Jones LLC boosted its holdings in shares of Procter & Gamble by 51.5% in the fourth quarter. Brighton Jones LLC now owns 40,068 shares of the company’s stock valued at $6,717,000 after purchasing an additional 13,617 shares during the period. Taylor Financial Group Inc. lifted its holdings in shares of Procter & Gamble by 10.6% in the 1st quarter. Taylor Financial Group Inc. now owns 2,891 shares of the company’s stock worth $493,000 after buying an additional 277 shares during the period. Sivia Capital Partners LLC lifted its holdings in shares of Procter & Gamble by 19.8% in the 2nd quarter. Sivia Capital Partners LLC now owns 6,144 shares of the company’s stock worth $979,000 after buying an additional 1,016 shares during the period. Auxano Advisors LLC grew its position in shares of Procter & Gamble by 10.8% during the 2nd quarter. Auxano Advisors LLC now owns 7,315 shares of the company’s stock worth $1,165,000 after buying an additional 714 shares in the last quarter. Finally, Schnieders Capital Management LLC. increased its stake in shares of Procter & Gamble by 2.8% during the second quarter. Schnieders Capital Management LLC. now owns 30,182 shares of the company’s stock valued at $4,809,000 after buying an additional 809 shares during the period. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

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.