Procter & Gamble Co (NYSE:PG) was downgraded by equities research analysts at Vetr from a “buy” rating to a “sell” rating in a report issued on Thursday, AnalystRatingsNetwork.com reports. They currently have a $76.92 price target on the stock. Vetr‘s price target would indicate a potential downside of 7.49% from the stock’s current price.
Several large investors have recently modified their holdings of PG. Carlson Capital Management boosted its stake in shares of Procter & Gamble Co by 0.8% in the fourth quarter. Carlson Capital Management now owns 3,924 shares of the company’s stock worth $312,000 after buying an additional 32 shares during the last quarter. Moody Lynn & Lieberson LLC raised its position in Procter & Gamble Co by 0.5% in the fourth quarter. Moody Lynn & Lieberson LLC now owns 12,975 shares of the company’s stock valued at $1,030,000 after buying an additional 60 shares during the last quarter. iAB Financial Bank raised its position in Procter & Gamble Co by 0.3% in the fourth quarter. iAB Financial Bank now owns 28,970 shares of the company’s stock valued at $2,301,000 after buying an additional 100 shares during the last quarter. San Francisco Sentry Investment Group CA raised its position in Procter & Gamble Co by 0.6% in the fourth quarter. San Francisco Sentry Investment Group CA now owns 16,973 shares of the company’s stock valued at $1,348,000 after buying an additional 101 shares during the last quarter. Finally, First City Capital Management Inc. boosted its position in shares of Procter & Gamble Co by 0.4% in the fourth quarter. First City Capital Management Inc. now owns 28,512 shares of the company’s stock worth $2,264,000 after buying an additional 101 shares during the period.
Source: American Banking and Market News