Procter & Gamble (NYSE:PG) Stock Price Down 1.9% – What’s Next?

Procter & Gamble Company (The) (NYSE:PG)’s stock price dropped 1.9% on Wednesday. The stock traded as low as $145.28 and last traded at $145.5420. Approximately 8,458,027 shares were traded during trading, a decline of 13% from the average session volume of 9,713,040 shares. The stock had previously closed at $148.32.

Analysts Set New Price Targets

Several research analysts have recently issued reports on PG shares. Barclays raised their target price on shares of Procter & Gamble from $146.00 to $152.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 21st. BMO Capital Markets increased their price objective on shares of Procter & Gamble from $169.00 to $170.00 and gave the company an “outperform” rating in a report on Monday, June 29th. TD Cowen reaffirmed a “hold” rating and issued a $150.00 price objective on shares of Procter & Gamble in a research note on Wednesday. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $149.00 target price on shares of Procter & Gamble in a report on Monday, August 24th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Procter & Gamble in a research note on Monday, September 21st. Thirteen analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $161.55.

Procter & Gamble Price Performance

The company’s 50 day simple moving average is $145.78 and its 200 day simple moving average is $146.06. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.68 and a quick ratio of 0.47. The stock has a market cap of $334.43 billion, a P/E ratio of 21.75, a P/E/G ratio of 3.61 and a beta of 0.39.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Wednesday, July 29th. The company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.02. The business had revenue of $21.20 billion during the quarter, compared to analysts’ expectations of $21.38 billion. Procter & Gamble had a net margin of 18.44% and a return on equity of 31.36%. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.48 EPS. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. As a group, equities analysts forecast that Procter & Gamble Company will post 6.99 earnings per share for the current year.

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Friday, July 24th were given a dividend of $1.0885 per share. The ex-dividend date of this dividend was 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 (DPR) is currently 65.71%.

Insider Activity at Procter & Gamble

In related news, insider Susan Whaley sold 2,238 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $143.79, for a total value of $321,802.02. Following the completion of the transaction, the insider directly owned 26,989 shares in the company, valued at approximately $3,880,748.31. The trade was a 7.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Matthew Janzaruk sold 359 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $145.24, for a total transaction of $52,141.16. Following the sale, the chief accounting officer owned 1,271 shares in the company, valued at $184,600.04. This trade represents a 22.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 6,627 shares of company stock worth $953,417. 0.23% of the stock is owned by company insiders.

Institutional Investors Weigh In On Procter & Gamble

Several institutional investors have recently added to or reduced their stakes in the stock. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Procter & Gamble in the 2nd quarter valued at about $26,000. Evolution Wealth Management Inc. boosted its position in shares of Procter & Gamble by 1,315.4% during the fourth quarter. Evolution Wealth Management Inc. now owns 184 shares of the company’s stock worth $26,000 after buying an additional 171 shares during the period. Basso Capital Management L.P. bought a new position in shares of Procter & Gamble during the fourth quarter worth about $28,000. Montgomery Financial Services LLC acquired a new stake in Procter & Gamble in the 2nd quarter valued at approximately $28,000. Finally, Paladin Partners LLC acquired a new position in Procter & Gamble during the 2nd quarter worth approximately $29,000. 65.77% of the stock is owned by institutional investors.

About Procter & Gamble

The Procter & Gamble Company (NYSE: PG) is a consumer products company that develops, manufactures and markets branded products used in households and personal care routines. Its portfolio includes products in categories such as beauty, grooming, health care, fabric and home care, and family care.

Major brands associated with Procter & Gamble include Pampers, Tide, Gillette, Head & Shoulders, Pantene, Oral-B, Crest, Olay, Old Spice, Febreze, Mr. Clean, Swiffer and Bounty. The company sells its products through retailers, e-commerce platforms and other distribution channels.

Founded in Cincinnati, Ohio, in 1837 by William Procter and James Gamble, the company has grown into a global consumer goods business serving customers in markets around the world.