Procter & Gamble Co. (NYSE:PG) shares traded -0.22% lower at $162.25 on Wall Street last session.
PG stock price is now 2.52% away from the 50-day moving average and 6.61% away from the 200-day moving average. The market capitalization of the company currently stands at $381.78B.
With the price target enhanced from $160 to $175, Truist Upgraded its rating from Hold to Buy for Procter & Gamble Co. (NYSE: PG). , while ‘Jefferies’ rates the stock as ‘Buy’
In other news, Keith R. Alexandra, CEO – Beauty sold 776 shares of the company’s stock on Mar 04 ’24. The stock was sold for $122,693 at an average price of $158.11. Upon completion of the transaction, the CEO – Beauty now directly owns 4,859 shares in the company, valued at $0.79 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 23 ’24, CEO – Grooming Coombe Gary A sold 22,000 shares of the business’s stock. A total of $3,549,104 was realized by selling the stock at an average price of $161.32. This leaves the insider owning 36,845 shares of the company worth $5.98 million. A total of 0.06% of the company’s stock is owned by insiders.
During the past 12 months, Procter & Gamble Co. has had a low of $141.45 and a high of $162.74. As of last week, the company has a debt-to-equity ratio of 0.69, a current ratio of 0.64, and a quick ratio of 0.44. According to the stock market information, the enterprise value for the company is $408.41B, which is based on a 27.17 price-to-earnings ratio, a 3.37 price-to-earnings-growth ratio, and a beta of 0.43. The fifty day moving average price for PG is $158.51 and a two-hundred day moving average price translates $152.28 for the stock.
The latest earnings results from Procter & Gamble Co. (NYSE: PG) was released for Dec, 2023. According to the Household & Personal Products Company, earnings per share came in at $1.7, beating analysts’ expectations of $1.57 by 0.13. This compares to $1.60 EPS in the same period last year. The net profit margin was 17.26% and return on equity was 31.77% for PG. The company reported revenue of $21.44 billion for the quarter, compared to $20.77 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.22 percent. For the current quarter, analysts expect PG to generate $20.44B in revenue.
Procter & Gamble Co.(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.
