The stock of The Procter & Gamble Company (NYSE:PG) last traded at $155.28, down -1.10% from the previous session.
Data from the available sources indicates that The Procter & Gamble Company (NYSE:PG) is covered by 23 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $179.00 and a low of $143.00, we find $170.00. Given the previous closing price of $157.00, this indicates a potential upside of 8.28 percent. PG stock price is now 3.97% away from the 50-day moving average and 6.08% away from the 200-day moving average. The market capitalization of the company currently stands at $370.85B.
In total, 8 analysts have assigned it a hold rating, and 11 have given it a buy rating. Brokers who have rated the stock have averaged $168.10 as their price target over the next twelve months.
With the price target reduced from $165 to $155, Truist Downgraded its rating from Buy to Hold for The Procter & Gamble Company (NYSE: PG).
In other news, Janzaruk Matthew W., SVP – Chief Accounting Officer sold 33,022 shares of the company’s stock on Aug 01. The stock was sold for $5,160,018 at an average price of $156.26. Upon completion of the transaction, the SVP – Chief Accounting Officer now directly owns 888 shares in the company, valued at $0.14 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 01, CEO – Baby, Fem & Family Care Francisco Ma. Fatima sold 8,387 shares of the business’s stock. A total of $1,315,669 was realized by selling the stock at an average price of $156.87. This leaves the insider owning 962 shares of the company worth $0.15 million. Insiders disposed of 712,539 shares of company stock worth roughly $110.64 million over the past 1 year. A total of 0.11% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in PG stock. A new stake in The Procter & Gamble Company shares was purchased by PORTSIDE WEALTH GROUP, LLC during the first quarter worth $155,650,000. EMPOWER ADVISORY GROUP, LLC invested $128,736,000 in shares of PG during the first quarter. In the first quarter, HS MANAGEMENT PARTNERS, LLC acquired a new stake in The Procter & Gamble Company valued at approximately $128,463,000. QUINTET PRIVATE BANK (EUROPE) S.A. acquired a new stake in PG for approximately $82,870,000. ALYESKA INVESTMENT GROUP, L.P. purchased a new stake in PG valued at around $73,123,000 in the second quarter. In total, there are 4,205 active investors with 65.50% ownership of the company’s stock.
During the past 12 months, The Procter & Gamble Company has had a low of $122.18 and a high of $158.11. As of last week, the company has a debt-to-equity ratio of 0.83, a current ratio of 0.60, and a quick ratio of 0.40. According to the stock market information, the enterprise value for the company is $395.44B, which is based on a 27.27 price-to-earnings ratio, a 4.03 price-to-earnings-growth ratio, and a beta of 0.41. The fifty day moving average price for PG is $149.51 and a two-hundred day moving average price translates $146.52 for the stock.
The latest earnings results from The Procter & Gamble Company (NYSE: PG) was released for Jun, 2023. According to the Household & Personal Products Company, earnings per share came in at $1.24, beating analysts’ expectations of $1.2 by 0.04. This compares to $1.33 EPS in the same period last year. The net profit margin was 17.40% and return on equity was 31.60% for PG. The company reported revenue of $20.07 billion for the quarter, compared to $19.38 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.54 percent. For the current quarter, analysts expect PG to generate $19.49B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 08/15/2023. Investors who held shares on 07/21/2023 were paid a $0.9407 dividend. On an annualized basis, this represents a $3.76 dividend and a 2.42% percent yield. There was an ex-dividend date of 07/20/2023 for this dividend. In terms of dividend payout ratio, PG is presently at 61.50%.
The Procter & Gamble Company(PG) Company Profile
The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands. The Grooming segment provides shave care products and appliances under the Braun, Gillette, and Venus brand names. The Health Care segment offers toothbrushes, toothpastes, and other oral care products under the Crest and Oral-B brand names; and gastrointestinal, rapid diagnostics, respiratory, vitamins/minerals/supplements, pain relief, and other personal health care products under the Metamucil, Neurobion, Pepto-Bismol, and Vicks brands. The Fabric & Home Care segment provides fabric enhancers, laundry additives, and laundry detergents under the Ariel, Downy, Gain, and Tide brands; and air care, dish care, P&G professional, and surface care products under the Cascade, Dawn, Fairy, Febreze, Mr. Clean, and Swiffer brands. The Baby, Feminine & Family Care segment offers baby wipes, taped diapers, and pants under the Luvs and Pampers brands; adult incontinence and feminine care products under the Always, Always Discreet, and Tampax brands; and paper towels, tissues, and toilet papers under the Bounty, Charmin, and Puffs brands. The company sells its products primarily through mass merchandisers, e-commerce, grocery stores, membership club stores, drug stores, department stores, distributors, wholesalers, specialty beauty stores, high-frequency stores, pharmacies, electronics stores, and professional channels, as well as directly to consumers. The Procter & Gamble Company was founded in 1837 and is headquartered in Cincinnati, Ohio.
