ibusinesslines.com September 24, 2017

Procter & Gamble Co (PG) Proxy Fight

17 July 2017, 07:45 | Kelvin Horton

Peltz Launches Proxy Fight with Procter & Gamble

'We need a game-changing attitude': Activist investors are demanding a seat on the board of consumer goods giant P&G

An activist investor that is looking to shake up American consumer goods giant Procter & Gamble has moved to put its chief executive on the board to influence what it sees as a much-needed turnaround. The board also refused to commit publicly to adding Mr. Peltz if the company missed its targets this year, they said. Peltz's fund has also invested in PepsiCo - a stake that it said previous year it no longer held - as well as Wendy's, Mondelez International and General Electric.

Procter & Gamble Company (The) has a 50 day moving average of 87.86 and a 200 day moving average of 88.03. Dan Loeb's Third Point disclosed last month that it had amassed a $3.5 billion stake in Nestle, encouraging the company to sell its stake in cosmetics maker L'Oreal and increase leverage for share buybacks.

PG stock was up slightly as of Monday morning. Investors of record on Friday, July 21st will be paid a dividend of $0.6896 per share. Its down 2.69% from 3.15 million shares previously. Vetr upgraded Procter & Gamble Company (The) from a "sell" rating to a "hold" rating and set a $89.22 target price on the stock in a research note on Monday, March 13th. City Holding Co. now owns 57,997 shares of the company's stock valued at $5,211,000 after buying an additional 1,505 shares during the last quarter. Norges Bank bought a new position in Procter & Gamble Company (The) during the fourth quarter worth approximately $1,918,188,000. The fund owned 15,864 shares of the company's stock after buying an additional 100 shares during the period.

04/26/2016 - Procter & Gamble Company (The) had its " rating reiterated by analysts at S&P Capital IQ.

The Procter & Gamble Company (PG) jumped 0.46 percent and ended the day at $87.1. It also increased its holding in A O Smith Corporation (NYSE:AOS) by 160,198 shares in the quarter, for a total of 335,630 shares, and has risen its stake in Splunk Inc (NASDAQ:SPLK). The stock has a market cap of $222.77 billion, a P/E ratio of 24.33 and a beta of 0.68. Fisher Asset Management LLC now owns 8,635,829 shares of the company's stock worth $752,613,000 after buying an additional 370,067 shares during the period.

New York State Common Retirement Fund decreased its stake in Procter & Gamble Company (PG) by 5.81% based on its latest 2016Q4 regulatory filing with the SEC.

According to the analysts, Procter & Gamble Company (NYSE:PG) is expected to announce $0.78/share EPS for the current quarter. The stock now has a consensus rating of "Hold" and an average price target of $87.34.

03/21/2017 - JP Morgan began new coverage on Procter & Gamble Company (The) giving the company a " rating.

According to Yahoo Finance, The Dividend Date for Procter & Gamble Company is Aug 15, 2017 and its Ex-Dividend Date is April 19, 2017. According to Thomson Reuters, sell-side analysts are forecasting a harmony target price of $91.59 on company shares. If you are viewing this report on another publication, it was stolen and republished in violation of US and worldwide trademark & copyright laws.

Among 36 analysts covering Halliburton Company (NYSE:HAL), 31 have Buy rating, 0 Sell and 5 Hold. Following the sale, the insider now directly owns 43,608 shares in the company, valued at $3,808,722.72. Total Debt/Equity is 55.76 and the Book value per Share is 20.66. FergusonMchugh MaryLynn sold $265,847 worth of stock or 2,915 shares. Also, insider Patrice Louvet sold 29,621 shares of the business's stock in a transaction dated Friday, May 19th. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 199,891 shares of company stock valued at $17,276,637. Wealth Architects Lc accumulated 4,702 shares or 0.18% of the stock.

By having an overview of the Income statement for Procter & Gamble Company (NYSE:PG) the Revenue for the trailing twelve months is 65.08 Billion. 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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