In yesterday’s Wall Street session, Procter & Gamble Co. (NYSE:PG) shares traded at $156.66, up 0.40% from the previous session.
PG stock price is now -1.66% away from the 50-day moving average and 2.68% away from the 200-day moving average. The market capitalization of the company currently stands at $368.62B.
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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 $0.76 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 $5.77 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 $163.14. 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 $395.26B, which is based on a 26.24 price-to-earnings ratio, a 3.26 price-to-earnings-growth ratio, and a beta of 0.43. The fifty day moving average price for PG is $159.31 and a two-hundred day moving average price translates $152.60 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 $1.84, beating analysts’ expectations of $1.7 by 0.14. 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 $20.43B in revenue.
