Procter & Gamble (NYSE:PG) Stock Price Up 3.3% – Here’s Why

Procter & Gamble Company (The) (NYSE:PG) rose 3.3% during mid-day trading on Wednesday. The stock traded as high as $168.17 and last traded at $167.3730. 13,877,567 shares were traded during trading, an increase of 43% from the average session volume of 9,738,513 shares. The stock had previously closed at $162.06.

Key Procter & Gamble News

Here are the key news stories impacting Procter & Gamble this week:

• Positive Sentiment: P&G has raised its dividend for 70 consecutive years. Its quarterly payout is about $1.09 per share, equivalent to a roughly 2.6% yield, supporting the stock’s appeal to income-focused investors. Article: P&G dividend history and yield
• Positive Sentiment: Recent coverage points to investor interest in consumer-staples stocks as technology shares weaken. P&G may benefit from its defensive profile and dividend reputation. Article: Consumer staples rotation
• Neutral Sentiment: Zacks Research made mixed earnings-estimate changes: it lowered several forecasts for 2027 and 2028, while modestly raising some later-period estimates. The mixed revisions offer no clear overall change in the longer-term outlook. Procter & Gamble analyst estimates
• Neutral Sentiment: Management will discuss strategy and P&G’s long-term transformation at an Investor Day webcast on November 19; investors may look for updates on growth and execution. Article: P&G Investor Day webcast
• Negative Sentiment: CFO Andre Schulten sold 33,624 shares for about $5.55 million, reducing his direct stake by roughly 34%. The sale may concern investors, although insider transactions alone do not establish a change in the company’s prospects. Article: CFO share sale

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on PG shares. Freedom Broker raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $176.00 price objective for the company in a research report on Friday, October 23rd. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $161.00 target price on shares of Procter & Gamble in a report on Thursday, October 22nd. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $149.00 target price on shares of Procter & Gamble in a report on Monday, August 24th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Procter & Gamble in a research note on Friday, October 23rd. Finally, Argus cut Procter & Gamble from a “buy” rating to a “hold” rating in a report on Friday, August 7th. Fifteen investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $170.57.

Procter & Gamble Stock Down 1.1%

The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.53 and a current ratio of 0.72. The firm has a fifty day simple moving average of $152.01 and a 200-day simple moving average of $149.43. The firm has a market cap of $383.15 billion, a price-to-earnings ratio of 23.70, a P/E/G ratio of 4.02 and a beta of 0.36.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Thursday, October 22nd. The company reported $2.00 EPS for the quarter, beating the consensus estimate of $1.89 by $0.11. The firm had revenue of $23.28 billion for the quarter, compared to the consensus estimate of $22.80 billion. Procter & Gamble had a net margin of 18.23% and a return on equity of 31.02%. The company’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.99 earnings per share. As a group, sell-side analysts expect that Procter & Gamble Company will post 6.99 EPS for the current year.

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Friday, October 23rd will be given a dividend of $1.0885 per share. The ex-dividend date is Friday, October 23rd. This represents a $4.35 annualized dividend and a yield of 2.6%. Procter & Gamble’s dividend payout ratio (DPR) is 65.51%.

Insider Activity at Procter & Gamble

In other news, CFO Andre Schulten sold 33,624 shares of the company’s stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $165.00, for a total value of $5,547,960.00. Following the transaction, the chief financial officer owned 65,618 shares of the company’s stock, valued at approximately $10,826,970. This represents a 33.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Paul Gama sold 2,894 shares of the stock in a transaction that occurred on Friday, October 30th. The stock was sold at an average price of $165.00, for a total value of $477,510.00. Following the transaction, the chief executive officer owned 43,899 shares in the company, valued at approximately $7,243,335. This trade represents a 6.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 161,709 shares of company stock valued at $26,244,058. Insiders own 0.23% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Financial Freedom LLC increased its holdings in Procter & Gamble by 17.9% during the third quarter. Financial Freedom LLC now owns 44,757 shares of the company’s stock valued at $6,502,000 after buying an additional 6,786 shares during the period. Moors & Cabot Inc. raised its stake in Procter & Gamble by 1.9% in the third quarter. Moors & Cabot Inc. now owns 109,901 shares of the company’s stock worth $15,966,000 after buying an additional 2,045 shares in the last quarter. Valmark Advisers Inc. lifted its holdings in Procter & Gamble by 1.3% during the third quarter. Valmark Advisers Inc. now owns 66,570 shares of the company’s stock worth $9,671,000 after buying an additional 846 shares during the period. Money Concepts Capital Corp lifted its holdings in Procter & Gamble by 5.6% during the third quarter. Money Concepts Capital Corp now owns 64,802 shares of the company’s stock worth $9,415,000 after buying an additional 3,418 shares during the period. Finally, Allworth Financial LP boosted its position in Procter & Gamble by 10.5% during the 3rd quarter. Allworth Financial LP now owns 434,448 shares of the company’s stock valued at $63,707,000 after acquiring an additional 41,411 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

About Procter & Gamble