Procter & Gamble (NYSE:PG) Shares Up 2% – What’s Next?

Procter & Gamble Company (The) (NYSE:PGGet Free Report) shares shot up 2% during mid-day trading on Friday . The company traded as high as $167.25 and last traded at $166.9520. 14,794,774 shares were traded during mid-day trading, an increase of 25% from the average session volume of 11,858,322 shares. The stock had previously closed at $163.75.

Trending Headlines about Procter & Gamble

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on PG shares. UBS Group upped their price target on Procter & Gamble from $161.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, January 23rd. Jefferies Financial Group raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and increased their price target for the stock from $156.00 to $179.00 in a research report on Tuesday, December 16th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $177.00 price objective on shares of Procter & Gamble in a research report on Tuesday, February 17th. Piper Sandler began coverage on shares of Procter & Gamble in a research report on Wednesday, January 7th. They issued a “neutral” rating and a $150.00 target price for the company. Finally, JPMorgan Chase & Co. upgraded shares of Procter & Gamble from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $157.00 to $165.00 in a report on Friday, January 23rd. Fourteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, Procter & Gamble has a consensus rating of “Moderate Buy” and an average target price of $168.33.

Check Out Our Latest Research Report on Procter & Gamble

Procter & Gamble Stock Performance

The company has a quick ratio of 0.51, a current ratio of 0.72 and a debt-to-equity ratio of 0.49. The stock has a market cap of $388.00 billion, a P/E ratio of 24.73, a price-to-earnings-growth ratio of 5.59 and a beta of 0.38. The firm’s 50-day moving average is $150.95 and its two-hundred day moving average is $151.08.

Procter & Gamble (NYSE:PGGet Free Report) last announced its quarterly earnings results on Thursday, January 22nd. The company reported $1.88 EPS for the quarter, topping the consensus estimate of $1.86 by $0.02. The company had revenue of $22.21 billion for the quarter, compared to analyst estimates of $22.36 billion. Procter & Gamble had a net margin of 19.30% and a return on equity of 32.21%. Procter & Gamble’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.88 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. As a group, research analysts expect that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Friday, January 23rd were issued a dividend of $1.0568 per share. The ex-dividend date of this dividend was Friday, January 23rd. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.5%. Procter & Gamble’s dividend payout ratio is currently 62.67%.

Insiders Place Their Bets

In related news, CEO Gary A. Coombe sold 36,093 shares of the business’s stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $162.33, for a total value of $5,858,976.69. Following the completion of the sale, the chief executive officer directly owned 34,994 shares in the company, valued at approximately $5,680,576.02. The trade was a 50.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Marc S. Pritchard sold 95,903 shares of the stock in a transaction that occurred on Friday, January 23rd. The shares were sold at an average price of $151.15, for a total value of $14,495,738.45. Following the transaction, the insider owned 182,607 shares in the company, valued at approximately $27,601,048.05. This trade represents a 34.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 343,069 shares of company stock worth $54,545,448 in the last three months. 0.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Procter & Gamble

Hedge funds have recently bought and sold shares of the company. Norges Bank bought a new stake in Procter & Gamble during the 4th quarter valued at approximately $4,664,783,000. Cardano Risk Management B.V. boosted its position in shares of Procter & Gamble by 1,104.8% in the fourth quarter. Cardano Risk Management B.V. now owns 9,521,440 shares of the company’s stock valued at $1,364,518,000 after acquiring an additional 8,731,126 shares during the period. Laurel Wealth Advisors LLC grew its stake in shares of Procter & Gamble by 15,971.7% in the second quarter. Laurel Wealth Advisors LLC now owns 7,012,744 shares of the company’s stock worth $1,117,270,000 after acquiring an additional 6,969,110 shares during the last quarter. Vanguard Group Inc. increased its position in Procter & Gamble by 1.4% during the second quarter. Vanguard Group Inc. now owns 233,211,283 shares of the company’s stock worth $37,155,222,000 after acquiring an additional 3,189,111 shares during the period. Finally, Invesco Ltd. raised its stake in Procter & Gamble by 21.4% during the 2nd quarter. Invesco Ltd. now owns 16,374,499 shares of the company’s stock valued at $2,608,785,000 after purchasing an additional 2,880,895 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors.

Procter & Gamble Company Profile

(Get Free Report)

Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.

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