|Bid||68.39 x 20000|
|Ask||68.43 x 20000|
|Day's Range||68.67 - 68.99|
|52 Week Range||59.00 - 79.44|
|PE Ratio (TTM)||18.30|
|Forward Dividend & Yield||2.40 (3.55%)|
|1y Target Est||N/A|
Procter & Gamble (PG), which is already reeling under pressure from inflation in commodities and the tough retail environment, faces a new challenge. In retaliation for President Trump’s increased tariff on steel and aluminum, Canada imposed a 10% surtax on a variety of products being imported from the US.
Many Procter & Gamble Co (PG.N) products sold in Canada - from Febreze candles to Gillette shaving foam - will be affected by retaliatory tariffs on U.S.-made goods after Canadian authorities rejected a request for exemptions, a P&G spokesman said on Wednesday. P&G said Bounty paper towels, Charmin toilet tissue and Puffs facial tissue - made in a facility in Mehoopany, Pennsylvania - would be taxed, as would Cascade automatic dish washing detergent, Febreze aerosols, Pantene hair sprays and Olay body wash and more. "The vast majority of our Canadian products are imported from the U.S.," P&G spokesman Damon Jones told Reuters.
Procter & Gamble Co. says keeping production local will minimize the impact of tariff wars in some of its biggest markets. As in its home market, P&G uses local plants for more than 90 percent of its production in China and the European Union, said spokesman Damon Jones. “We’re not expecting any significant finished product hits in those markets,” Jones said in an interview Thursday.
Commodities have played a major role in recent rising inflation. Leading asset management company Goldman Sachs has a bullish view on commodities and thinks commodities are set for a strong rally. At the same time, asset management company Jefferies thinks that some stocks will be under pressure due to rising commodity prices.
the Dow Jones closed above its 50-day moving average for the first time in nearly three weeks, a positive sign for its short-term momentum trend. As such, its proxy version DIA is in the spotlight heading into the earnings season.
Five analysts have downgraded Procter & Gamble (PG) in the past three months. In April, ten analysts maintained a “buy” rating on Procter & Gamble stock. Now, only five analysts have a “buy” rating on Procter & Gamble.
Procter & Gamble (PG) has seen its margins contract in the past several quarters. Procter & Gamble’s investment in price to drive the volume of Gillette blades and razors amid increased competition is taking a toll on organic sales and profit margins. Inflation in key commodities and higher transportation costs are expected to more than offset the benefits from improved volumes and productivity savings.
Procter & Gamble Co (NYSE: PG ) shares suffered a steep stumble through the first four months of the year, but the second quarter saw some long-awaited relief. Unfortunately, the recovery isn’t expected ...
Jefferies lowers its rating for Procter & Gamble shares to hold from buy, predicting the company will report earnings below expectations next fiscal year.
As consumers threatened boycotts, retailers and fast-moving consumer goods brands scrambled to occupy the high ground. In January, the UK supermarket chain Iceland pledged to go plastic-free on its own-label range, and Pret A Manger doubled its discount for customers bringing re-usable cups to 50p.
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Late last year, Procter & Gamble and activist investor Trian Fund Management—combatants in the most expensive and contentious proxy battle in U.S. history—took their fight to the “snake pit,” a rarely used venue where close proxy votes are resolved. For three weeks, 30 participants, including proxy solicitors and outside counsel for both P&G (PG) and Trian faced off across a table in a nondescript 13th-floor conference room in a business center in downtown Wilmington, Del. Lining the walls were scores of legal boxes stuffed with printed proxy cards representing most of the roughly two billion votes cast to decide whether Trian CEO Nelson Peltz, who was pushing for corporate changes, would be elected to the board. Representatives from each side, along with an election inspector—no principals are allowed—review contested proxies day after day, in this case roughly 100,000 of the cards that let shareholders be heard on everything from new board members to proposed mergers without having to attend annual meetings.
Automation and specialized software can speed processing, but they don’t always get things right. In 2013, fund giant T. Rowe Price Group thought that founder Michael Dell’s bid to take his computer company private at $13.75 a share wasn’t high enough and opposed it publicly. Unfortunately, its proxy vote ended up costing the firm not just its vote but also a sweetened bid worth nearly $200 million, which cost the company roughly $16 million to make its clients whole after insurance recovery.
Stocks of Procter & Gamble (PG), Kimberly-Clark (KMB), Clorox (CLX), and Colgate-Palmolive (CL) are trading at forward PE multiples that are well below their historical averages. For instance, Procter & Gamble’s current forward PE multiple of 18.4x is 10% lower than its four-year historical average of 20.5x. Colgate-Palmolive’s current forward PE multiple of 20.6x is 12% lower than its historical average of 23.3x.
Since beauty company Coty COTY bought Procter & Gamble PG ’s beauty brands for $12.5 billion in October 2016, it has been working on “fixing and improving” them, according to chief executive Camillo Pane . The brands the company bought include Max Factor makeup and Clairol and Wella hair products. Now the makeup line is run by Ukonwa Ojo, promoted this week from senior vice president of CoverGirl to chief marketing officer (CMO) of Coty’s U.S. consumer beauty division, nail brand Sally Hansen, and CoverGirl.
There's no denying the power of brands. Companies such as Coca-Cola (KO), Apple (AAPL) and Nike (NKE) are instantly recognizable to consumers around the world - a fact that plays no small part in their continued success.But that doesn't mean every famous product has to be closely associated with the company that owns it order to remain relevant.Can you guess the companies that currently own the following iconic brands?SEE ALSO: Can You Match the Famous Mascot to the Brand?
Rodney Williams left a cushy corporate gig with a six-figure salary to build a start-up that sunk him six figures in debt. Now, that business, Lisnr, is worth over $60 million and clients include the likes of the NFL's Dallas Cowboys and NBC. The journey taught Williams, 34, a lot about success.