In yesterday’s Wall Street session, The Procter & Gamble Company (NYSE:PG) shares traded at $153.09, up 0.70% from the previous session.
25 analysts cover The Procter & Gamble Company (NYSE:PG), according to research data. 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 $152.03, this indicates a potential upside of 11.82 percent. PG stock price is now -0.04% away from the 50-day moving average and 2.83% away from the 200-day moving average. The market capitalization of the company currently stands at $362.37B.
The stock has received a hold rating from 10 analysts and a buy rating from 12. Brokers who have rated the stock have averaged $167.91 as their price target over the next twelve months.
In other news, Jejurikar Shailesh, Chief Operating Officer sold 11,522 shares of the company’s stock on Aug 30. The stock was sold for $1,775,926 at an average price of $154.13. Upon completion of the transaction, the Chief Operating Officer now directly owns 10,135 shares in the company, valued at $1.55 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 30, CEO – Grooming Coombe Gary A sold 10,094 shares of the business’s stock. A total of $1,554,476 was realized by selling the stock at an average price of $154.00. This leaves the insider owning 36,896 shares of the company worth $5.65 million. Insiders disposed of 381,833 shares of company stock worth roughly $58.45 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 UNISUPER MANAGEMENT PTY LTD during the first quarter worth $160,242,000. CAPITAL FUND MANAGEMENT S.A. invested $41,892,000 in shares of PG during the first quarter. In the first quarter, MANE GLOBAL CAPITAL MANAGEMENT LP acquired a new stake in The Procter & Gamble Company valued at approximately $40,449,000. INTERVAL PARTNERS, LP acquired a new stake in PG for approximately $27,222,000. SIMPLEX TRADING, LLC purchased a new stake in PG valued at around $25,881,000 in the second quarter. In total, there are 4,205 active investors with 65.50% ownership of the company’s stock.
On Wednesday morning The Procter & Gamble Company (NYSE: PG) stock kicked off with the opening price of $151.98. During the past 12 months, The Procter & Gamble Company has had a low of $122.18 and a high of $158.38. As of last week, the company has a debt-to-equity ratio of 0.75, 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 $388.81B, which is based on a 25.96 price-to-earnings ratio, a 3.84 price-to-earnings-growth ratio, and a beta of 0.41. The fifty day moving average price for PG is $153.16 and a two-hundred day moving average price translates $148.92 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 $1.27, beating analysts’ expectations of $1.23 by 0.04. This compares to $1.22 EPS in the same period last year. The net profit margin was 17.50% and return on equity was 32.50% for PG. The company reported revenue of $20.55 billion for the quarter, compared to $19.52 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.32 percent. For the current quarter, analysts expect PG to generate $20.04B 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 2.46% 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 60.70%.
