Stock Update: The Procter & Gamble Company (NYSE:PG) – My Black is Beautiful Kicks off its 10-year Anniversary with A Celebration of Black Beauty at the 2016 Essence Festival in New Orleans

[Business Wire] – My Black Is Beautiful , an African-American community-building platform created by Procter & Gamble , celebrates 10 successful years of initiating and sustaining a broad dialogue around black beauty at Essence Festival in New Orleans. Read more on this. The Procter & Gamble Company (PG) , currently valued at $216.38B, began trading this morning at $81.83. Looking at the stock, its one day range is $81.05 to $81.89 and has traded between $65.02 and $84.21 over the past year. Priced at 22.60x this year’s forecasted earnings, PG shares are relatively expensive compared to the industry’s 19.58x forward p/e ratio. And for passive income investors, the company pays shareholders $2.68 per share annually in dividends, yielding 3.26%. In a review of the consensus earnings estimate this quarter, 21 sell-side analysts are looking at $0.74 per share, which would be $0.19 worse than the year-ago quarter and a $0.04 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $3.64, which would be a $0.12 worse when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $15.84 Billion. If realized, that would be a 10.96% decrease over the year-ago quarter. Recently, Jefferies Initiated PG at Buy (Jun 15, 2016). Previously, Sterne Agee CRT upgraded PG from Neutral to Buy. The average price target for PG shares by the analysts covering it is $85.30, which is 4.24% above where the stock opened. See more in (NYSE:PG) Similar Articles: Stock Update: The Procter & Gamble Company (NYSE:PG) – David S. Taylor Appointed Chairman of P&G Board of Directors Stock Update: The Procter & Gamble Company (NYSE:PG) – Strong Moms Inspire Latest P&G “Thank You, Mom” Campaign Market Update: The Procter & Gamble Company (NYSE:PG) – French consumer group warns on potential risks of beauty products