Procter & Gamble (NYSE:PG) Stock Price Down 1.6% Following Analyst Downgrade

Procter & Gamble Company (The) (NYSE:PG)’s stock price traded down 1.6% on Thursday after JPMorgan Chase & Co. lowered their price target on the stock from $165.00 to $157.00. JPMorgan Chase & Co. currently has a neutral rating on the stock. Procter & Gamble traded as low as $145.35 and last traded at $145.50. 11,056,250 shares changed hands during trading, an increase of 34% from the average session volume of 8,244,133 shares. The stock had previously closed at $147.81.

A number of other research firms have also recently commented on PG. Bank of America reduced their price objective on shares of Procter & Gamble from $180.00 to $174.00 and set a “buy” rating for the company in a research report on Wednesday, October 8th. Berenberg Bank lifted their target price on shares of Procter & Gamble from $152.00 to $154.00 and gave the stock a “hold” rating in a report on Wednesday, September 17th. Weiss Ratings reissued a “hold (c)” rating on shares of Procter & Gamble in a report on Monday. Wells Fargo & Company reduced their price objective on Procter & Gamble from $173.00 to $170.00 and set an “overweight” rating for the company in a report on Thursday, September 25th. Finally, Raymond James Financial lowered their target price on Procter & Gamble from $185.00 to $175.00 and set an “outperform” rating on the stock in a research note on Monday, October 20th. Thirteen analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Procter & Gamble has a consensus rating of “Moderate Buy” and an average price target of $171.38.

Insider Activity at Procter & Gamble

In related news, CAO Matthew W. Janzaruk sold 725 shares of the firm’s stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of $149.57, for a total transaction of $108,438.25. Following the transaction, the chief accounting officer directly owned 979 shares in the company, valued at $146,429.03. This trade represents a 42.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jennifer L. Davis sold 3,227 shares of Procter & Gamble stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $152.23, for a total value of $491,246.21. Following the completion of the transaction, the chief executive officer directly owned 61,764 shares in the company, valued at $9,402,333.72. This trade represents a 4.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 30,308 shares of company stock worth $4,611,852 over the last three months. Corporate insiders own 0.20% of the company’s stock.

Hedge Funds Weigh In On Procter & Gamble

A number of institutional investors have recently bought and sold shares of the stock. Halbert Hargrove Global Advisors LLC bought a new position in shares of Procter & Gamble in the 3rd quarter worth approximately $25,000. Nova Wealth Management Inc. bought a new position in shares of Procter & Gamble in the 1st quarter worth about $26,000. Signature Resources Capital Management LLC boosted its stake in Procter & Gamble by 67.9% during the second quarter. Signature Resources Capital Management LLC now owns 178 shares of the company’s stock worth $28,000 after acquiring an additional 72 shares in the last quarter. Saranac Partners Ltd purchased a new stake in Procter & Gamble in the third quarter worth about $30,000. Finally, Corundum Trust Company INC bought a new position in shares of Procter & Gamble during the third quarter valued at approximately $32,000. 65.77% of the stock is owned by institutional investors.

Procter & Gamble Stock Down 1.6%

The company has a quick ratio of 0.51, a current ratio of 0.71 and a debt-to-equity ratio of 0.46. The company’s fifty day moving average price is $147.53 and its 200-day moving average price is $153.78. The stock has a market capitalization of $339.99 billion, a PE ratio of 21.24, a price-to-earnings-growth ratio of 4.88 and a beta of 0.39.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Friday, October 24th. The company reported $1.99 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.09. Procter & Gamble had a return on equity of 32.63% and a net margin of 19.74%.The company had revenue of $22.39 billion during the quarter, compared to analyst estimates of $22.23 billion. During the same quarter last year, the company earned $1.93 EPS. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. Procter & Gamble has set its FY 2026 guidance at 6.830-7.100 EPS. Analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Friday, October 24th were paid a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a yield of 2.9%. The ex-dividend date was Friday, October 24th. Procter & Gamble’s dividend payout ratio (DPR) is currently 61.75%.

About Procter & Gamble

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.