The Jefferies Group Comments on Procter & Gamble Company (The)’s Q4 2018 Earnings (PG)

The Jefferies Group Comments on Procter & Gamble Company (The)’s Q4 2018 Earnings (PG)

Procter & Gamble Company (The) (NYSE:PG) – Research analysts at Jefferies Group raised their Q4 2018 earnings per share (EPS) estimates for shares of Procter & Gamble Company (The) in a report released on Monday. Jefferies Group analyst K. Grundy now forecasts that the company will post earnings per share of $0.90 for the quarter, up from their prior estimate of $0.89. Jefferies Group currently has a “Buy” rating and a $104.00 target price on the stock.

PG has been the subject of several other reports. Stifel Nicolaus set a $87.00 price target on Procter & Gamble Company (The) and gave the company a “hold” rating in a report on Friday, October 20th. Goldman Sachs Group, Inc. (The) reiterated a “sell” rating on shares of Procter & Gamble Company (The) in a report on Wednesday, October 4th. BidaskClub upgraded Procter & Gamble Company (The) from a “hold” rating to a “buy” rating in a report on Saturday, August 19th. Zacks Investment Research downgraded Procter & Gamble Company (The) from a “buy” rating to a “hold” rating in a report on Thursday, August 3rd. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $92.00 price target (up from $90.00) on shares of Procter & Gamble Company (The) in a report on Saturday, July 22nd. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $89.16.

Shares of Procter & Gamble Company (PG) traded up 0.99% on Tuesday, reaching $87.72. The company had a trading volume of 4,533,288 shares. The firm has a 50-day moving average price of $92.00 and a 200 day moving average price of $89.80. Procter & Gamble Company has a 1-year low of $81.18 and a 1-year high of $94.67. The firm has a market capitalization of $223.69 billion, a price-to-earnings ratio of 15.68 and a beta of 0.67.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Friday, October 20th will be given a dividend of $0.6896 per share. The ex-dividend date is Thursday, October 19th. This represents a $2.76 dividend on an annualized basis and a yield of 3.18%. Procter & Gamble Company (The)’s dividend payout ratio (DPR) is 48.51%.

In other Procter & Gamble Company (The) news, CEO David S. Taylor sold 6,382 shares of the business’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $92.04, for a total value of $587,399.28. Following the transaction, the chief executive officer now owns 134,884 shares in the company, valued at approximately $12,414,723.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman Jon R. Moeller sold 6,063 shares of the business’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $92.04, for a total transaction of $558,038.52. Following the completion of the transaction, the insider now owns 120,734 shares in the company, valued at approximately $11,112,357.36. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 48,648 shares of company stock valued at $4,481,621. 0.35% of the stock is owned by corporate insiders.

Hedge funds have recently modified their holdings of the business. Asset Planning Services Ltd. lifted its holdings in Procter & Gamble Company (The) by 0.4% in the 2nd quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock worth $104,000 after buying an additional 5 shares in the last quarter. Harding Loevner LP acquired a new position in Procter & Gamble Company (The) in the 2nd quarter worth $119,000. Kohmann Bosshard Financial Services LLC acquired a new position in Procter & Gamble Company (The) in the 3rd quarter worth $125,000. Blume Capital Management Inc. lifted its holdings in Procter & Gamble Company (The) by 25.4% in the 2nd quarter. Blume Capital Management Inc. now owns 1,482 shares of the company’s stock worth $129,000 after buying an additional 300 shares in the last quarter. Finally, Riggs Asset Managment Co. Inc. lifted its holdings in Procter & Gamble Company (The) by 11.9% in the 1st quarter. Riggs Asset Managment Co. Inc. now owns 1,603 shares of the company’s stock worth $144,000 after buying an additional 170 shares in the last quarter. Hedge funds and other institutional investors own 59.36% of the company’s stock.

About Procter & Gamble Company (The)

The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories 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.

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