Procter & Gamble (NYSE:PG) Shares Up 1.7% – Here’s Why

Procter & Gamble Company (The) (NYSE:PG) was up 1.7% during mid-day trading on Wednesday . The stock traded as high as $148.45 and last traded at $147.7060. Approximately 9,559,477 shares were traded during trading, an increase of 16% from the average daily volume of 8,231,306 shares. The stock had previously closed at $145.21.

Analyst Ratings Changes

PG has been the topic of a number of recent analyst reports. Berenberg Bank boosted their price target on shares of Procter & Gamble from $152.00 to $154.00 and gave the company a “hold” rating in a report on Wednesday, September 17th. Wells Fargo & Company lowered their price objective on shares of Procter & Gamble from $173.00 to $170.00 and set an “overweight” rating on the stock in a research report on Thursday, September 25th. Morgan Stanley set a $175.00 target price on Procter & Gamble in a report on Monday, October 27th. Bank of America decreased their target price on Procter & Gamble from $180.00 to $174.00 and set a “buy” rating for the company in a research report on Wednesday, October 8th. Finally, Dbs Bank raised Procter & Gamble to a “hold” rating in a research report on Friday, December 5th. Thirteen equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus price target of $171.76.

Procter & Gamble Price Performance

The company’s 50-day simple moving average is $147.58 and its 200 day simple moving average is $153.82. The company has a market capitalization of $345.15 billion, a P/E ratio of 21.56, a P/E/G ratio of 4.88 and a beta of 0.39. The company has a quick ratio of 0.51, a current ratio of 0.71 and a debt-to-equity ratio of 0.46.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Friday, October 24th. The company reported $1.99 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.09. Procter & Gamble had a return on equity of 32.63% and a net margin of 19.74%.The business had revenue of $22.39 billion for the quarter, compared to analyst estimates of $22.23 billion. During the same quarter in the prior year, the firm posted $1.93 EPS. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. Procter & Gamble has set its FY 2026 guidance at 6.830-7.100 EPS. As a group, sell-side analysts expect that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Friday, October 24th were paid a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a yield of 2.9%. The ex-dividend date was Friday, October 24th. Procter & Gamble’s dividend payout ratio is presently 61.75%.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, COO Shailesh Jejurikar sold 3,986 shares of the business’s stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total value of $606,788.78. Following the sale, the chief operating officer owned 46,899 shares of the company’s stock, valued at $7,139,434.77. The trade was a 7.83% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Jennifer L. Davis sold 3,227 shares of the stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $152.23, for a total transaction of $491,246.21. Following the completion of the transaction, the chief executive officer directly owned 61,764 shares of the company’s stock, valued at $9,402,333.72. This trade represents a 4.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 30,308 shares of company stock valued at $4,611,852 in the last three months. Company insiders own 0.20% of the company’s stock.

Hedge Funds Weigh In On Procter & Gamble

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PG. Brighton Jones LLC lifted its position in Procter & Gamble by 51.5% during the 4th quarter. Brighton Jones LLC now owns 40,068 shares of the company’s stock worth $6,717,000 after buying an additional 13,617 shares in the last quarter. Taylor Financial Group Inc. increased its position in Procter & Gamble by 10.6% in the 1st quarter. Taylor Financial Group Inc. now owns 2,891 shares of the company’s stock valued at $493,000 after acquiring an additional 277 shares in the last quarter. Algert Global LLC raised its stake in shares of Procter & Gamble by 8.0% in the first quarter. Algert Global LLC now owns 5,410 shares of the company’s stock worth $922,000 after acquiring an additional 400 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of Procter & Gamble during the first quarter worth approximately $3,494,000. Finally, Bank OZK grew its stake in shares of Procter & Gamble by 6.3% during the first quarter. Bank OZK now owns 26,932 shares of the company’s stock valued at $4,590,000 after purchasing an additional 1,598 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble Company Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.