Procter & Gamble Company (The) (PG) Price Target Cut to $87.00

Frederick Owens
October 21, 2017

Ftb Inc has 1.21% invested in Procter & Gamble Co (NYSE:PG). Moreover, Sather Fin Grp has 0.22% invested in Procter & Gamble Co (NYSE:PG). More interesting news about Procter & Gamble Co (NYSE:PG) were released by: Nasdaq.com and their article: "Earnings Reaction History: Procter & Gamble Company, 41.7% Follow-Through ..." published on October 20, 2017 as well as Nasdaq.com's news article titled: "Procter & Gamble Co". On Monday, May 1 Bishop Steven D sold $233,011 worth of Procter & Gamble Co (NYSE:PG) or 2,668 shares. The Standard Life Investments Ltd holds 2.97 million shares with $455.10 million value, up from 2.11M last quarter. The Company returned $4.3 billion of cash to shareholders via $1.8 billion of dividend payments and $2.5 billion of common stock repurchase. Fort Point Cap Prtnrs Limited Co has invested 0.33% in General Electric Company (NYSE:GE). The stock declined 4.01% or $3.67 reaching $87.95 per share. Harding Loevner Ltd Partnership invested 0% of its portfolio in Procter & Gamble Co (NYSE:PG). Finally, Cottage Street Advisors LLC increased its position in shares of Procter & Gamble Co.by 0.3% in the second quarter. The company has a market cap of $233.56 billion, a P/E ratio of 16.38 and a beta of 0.67. The Virginia-based Old Point Trust & Fincl N A has invested 3.23% in Procter & Gamble Co (NYSE:PG). (NYSE:PG) traded up 0.75% during midday trading on Tuesday, hitting $83.62. Tightening the gaze, stock performance for the last 5 trading days is 1.43%. The company has market cap of $2.73 billion. The stock was sold at an average price of $92.65, for a total transaction of $1,869,213.75. Procter & Gamble Co now has $224.27 billion valuation.

Excluding items, the company earned US$1.09 per share, beating analysts' average estimates by one cent US. The firm earned $16.50 billion during the quarter, compared to the consensus estimate of $16.49 billion. Procter & Gamble Company (The)'s quarterly revenue was up.8% compared to the same quarter a year ago.

Net income for the quarter to 30 September increased to $2.85bn or $1.06 a share, from $2.71bn, or $0.96 a share, in the same period a year ago. Share performance for the month is now at -1.49%.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Friday, October 20th will be issued a $0.6896 dividend. On Tuesday, October 13 the stock rating was upgraded by William Blair to "Outperform". Procter & Gamble Company (The)'s dividend payout ratio is 49.37%.

More news: Unemployment rates in region change little in September

A number of other equities analysts also recently commented on the stock. Louvet Patrice sold $4.19M worth of stock. The company has a consensus rating of "Hold" and a consensus price target of $89.28.

The Procter & Gamble CompanyPG enjoys strong brand recognition with its consumer products sold in more than 180 countries primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high frequency stores and pharmacies. The institutional investor held 133,323 shares of the package goods and cosmetics company at the end of 2017Q2, valued at $11.62M, down from 136,845 at the end of the previous reported quarter. On Tuesday, September 8 the stock rating was upgraded by Suntrust Robinson to "Buy". Minnesota-based Murphy Pohlad Asset Mgmt Lc has invested 2.59% in Procter & Gamble Co (NYSE:PG).

Procter & Gamble Company (The) (PG) now the company's industry has 12.44 P/E and the sector P/E is 17.08. It improved, as 50 investors sold CRM shares while 226 reduced holdings. That's a decline of roughly $50 million in market value for the 36.7 million P&G shares held by Trian Partners. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

In other news, SVP Valarie L. Sheppard sold 20,175 shares of the business's stock in a transaction that occurred on Tuesday, August 22nd.

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