Procter & Gamble (NYSE:PG) Shares Up 2.6% – Here’s Why

Procter & Gamble Company (The) (NYSE:PG)’s stock price was up 2.6% during trading on Thursday . The stock traded as high as $141.78 and last traded at $141.5710. Approximately 9,256,794 shares changed hands during trading, a decline of 16% from the average daily volume of 11,056,415 shares. The stock had previously closed at $138.04.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Piper Sandler started coverage on shares of Procter & Gamble in a research note on Wednesday. They set a “neutral” rating and a $150.00 target price for the company. Dbs Bank raised Procter & Gamble to a “hold” rating in a research report on Friday, December 5th. TD Cowen dropped their target price on Procter & Gamble from $168.00 to $150.00 and set a “buy” rating on the stock in a report on Thursday. Weiss Ratings reissued a “hold (c)” rating on shares of Procter & Gamble in a research note on Monday, December 29th. Finally, Cowen reaffirmed a “buy” rating on shares of Procter & Gamble in a research report on Thursday. Fifteen equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $169.23.

Procter & Gamble Stock Performance

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 stock has a market capitalization of $330.81 billion, a P/E ratio of 20.67, a P/E/G ratio of 4.71 and a beta of 0.39. The business has a fifty day moving average price of $145.27 and a 200-day moving average price of $151.77.

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

Procter & Gamble Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Friday, October 24th were issued a $1.0568 dividend. The ex-dividend date was Friday, October 24th. This represents a $4.23 annualized dividend and a yield of 3.0%. Procter & Gamble’s dividend payout ratio (DPR) is currently 61.61%.

Insiders Place Their Bets

In other Procter & Gamble news, CAO Matthew W. Janzaruk sold 725 shares of the business’s stock in a transaction on Thursday, October 30th. The shares were sold at an average price of $149.57, for a total transaction of $108,438.25. Following the completion of the sale, the chief accounting officer directly owned 979 shares in the company, valued at approximately $146,429.03. The trade was a 42.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.20% of the company’s stock.

Institutional Trading of Procter & Gamble

A number of hedge funds have recently bought and sold shares of PG. Tompkins Financial Corp grew its stake in shares of Procter & Gamble by 10.6% during the 4th quarter. Tompkins Financial Corp now owns 52,875 shares of the company’s stock valued at $7,578,000 after purchasing an additional 5,064 shares during the period. Baker Tilly Wealth Management LLC lifted its stake in shares of Procter & Gamble by 3.8% in the 4th quarter. Baker Tilly Wealth Management LLC now owns 9,258 shares of the company’s stock worth $1,327,000 after purchasing an additional 338 shares during the period. Elmwood Wealth Management Inc. boosted its holdings in shares of Procter & Gamble by 17.3% in the fourth quarter. Elmwood Wealth Management Inc. now owns 8,337 shares of the company’s stock worth $1,195,000 after buying an additional 1,227 shares during the last quarter. Gladwyn Financial Advisors Inc. grew its position in Procter & Gamble by 12.5% during the fourth quarter. Gladwyn Financial Advisors Inc. now owns 2,391 shares of the company’s stock valued at $343,000 after buying an additional 265 shares during the period. Finally, Gradient Investments LLC increased its holdings in Procter & Gamble by 12.8% during the fourth quarter. Gradient Investments LLC now owns 253,089 shares of the company’s stock valued at $36,270,000 after buying an additional 28,777 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

About Procter & Gamble

Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.