Procter & Gamble (NYSE:PG) Stock Price Down 1.8% – What’s Next?

Procter & Gamble Company (The) (NYSE:PG)’s share price was down 1.8% on Wednesday . The stock traded as low as $140.20 and last traded at $146.2610. Approximately 14,582,164 shares changed hands during mid-day trading, an increase of 45% from the average session volume of 10,052,060 shares. The stock had previously closed at $148.88.

Key Procter & Gamble News

Here are the key news stories impacting Procter & Gamble this week:

• Positive Sentiment: Citigroup maintains a Buy rating and sets a $170 price target, implying meaningful upside from recent levels. Procter & Gamble Given New $170 Price Target at Citigroup
• Positive Sentiment: Brokerages collectively assign PG an average “Moderate Buy” rating, while Jefferies and other analysts continue to see long-term value despite trimming price targets. Procter & Gamble Given Average Rating of Moderate Buy
• Positive Sentiment: Quarterly EPS of $1.43 exceeded the $1.41 consensus estimate, with productivity savings helping offset cost pressures. The company also cited strong e-commerce performance and continued shareholder returns. Procter & Gamble Q4 Earnings Beat on Productivity

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on PG. Bank of America reduced their target price on Procter & Gamble from $170.00 to $166.00 and set a “buy” rating for the company in a research note on Friday, July 10th. Piper Sandler increased their price objective on shares of Procter & Gamble from $142.00 to $145.00 and gave the company a “neutral” rating in a report on Friday, April 24th. Citigroup cut their target price on shares of Procter & Gamble from $181.00 to $170.00 and set a “buy” rating for the company in a research note on Thursday. JPMorgan Chase & Co. lowered their price objective on Procter & Gamble from $164.00 to $162.00 and set an “overweight” rating on the stock in a report on Thursday, July 16th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $163.00 target price on shares of Procter & Gamble in a report on Monday, April 27th. Thirteen equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, Procter & Gamble has a consensus rating of “Moderate Buy” and an average target price of $161.52.

Procter & Gamble Stock Down 0.0%

The company has a debt-to-equity ratio of 0.42, a current ratio of 0.68 and a quick ratio of 0.53. The business’s 50 day simple moving average is $147.71 and its 200 day simple moving average is $148.95. The company has a market capitalization of $335.16 billion, a PE ratio of 21.75, a P/E/G ratio of 7.29 and a beta of 0.39.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Wednesday, July 29th. The company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.41 by $0.02. Procter & Gamble had a net margin of 18.44% and a return on equity of 31.25%. The firm had revenue of $21.20 billion for the quarter, compared to analyst estimates of $21.38 billion. During the same quarter in the previous year, the company earned $1.48 EPS. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. As a group, analysts anticipate that Procter & Gamble Company will post 7.01 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Friday, July 24th will be issued a dividend of $1.0885 per share. The ex-dividend date is Friday, July 24th. This represents a $4.35 dividend on an annualized basis and a dividend yield of 3.0%. Procter & Gamble’s dividend payout ratio is currently 63.60%.

Institutional Investors Weigh In On Procter & Gamble

Institutional investors have recently made changes to their positions in the stock. Carson Advisory Inc. boosted its position in Procter & Gamble by 0.5% in the 4th quarter. Carson Advisory Inc. now owns 12,124 shares of the company’s stock valued at $1,738,000 after buying an additional 65 shares during the period. Trilogy Capital Inc. increased its position in shares of Procter & Gamble by 1.1% during the fourth quarter. Trilogy Capital Inc. now owns 6,289 shares of the company’s stock worth $901,000 after acquiring an additional 67 shares during the period. Cary Street Partners Investment Advisory LLC raised its stake in shares of Procter & Gamble by 1.8% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 3,829 shares of the company’s stock valued at $549,000 after acquiring an additional 67 shares in the last quarter. Lorne Steinberg Wealth Management Inc. boosted its holdings in shares of Procter & Gamble by 2.7% in the fourth quarter. Lorne Steinberg Wealth Management Inc. now owns 2,623 shares of the company’s stock valued at $376,000 after purchasing an additional 68 shares during the period. Finally, Grant Street Asset Management Inc. grew its stake in Procter & Gamble by 2.7% in the fourth quarter. Grant Street Asset Management Inc. now owns 2,627 shares of the company’s stock worth $376,000 after purchasing an additional 69 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble Company Profile

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.