Procter & Gamble (NYSE:PG) Hits New 1-Year Low After Earnings Miss

The Procter & Gamble Company (NYSE:PG - Get Free Report) hit a new 52-week low during mid-day trading on Friday after the company announced weaker than expected quarterly earnings. The stock traded as low as $156.58 and last traded at $159.59, with a volume of 20063484 shares trading hands. The stock had previously closed at $165.73.

The company reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.01. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The firm had revenue of $19.78 billion for the quarter, compared to analysts' expectations of $20.42 billion. During the same quarter in the prior year, the business earned $1.52 EPS. The business's quarterly revenue was down 2.1% on a year-over-year basis.

Procter & Gamble Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, April 21st will be paid a dividend of $1.0568 per share. This is a boost from Procter & Gamble's previous quarterly dividend of $1.01. The ex-dividend date is Monday, April 21st. This represents a $4.23 dividend on an annualized basis and a yield of 2.61%. Procter & Gamble's dividend payout ratio (DPR) is presently 66.98%.

Wall Street Analyst Weigh In

PG has been the topic of several recent analyst reports. Raymond James reduced their price objective on shares of Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating on the stock in a research report on Friday. Piper Sandler reissued an "underperform" rating on shares of Procter & Gamble in a report on Friday. Barclays reaffirmed an "equal weight" rating on shares of Procter & Gamble in a research note on Thursday, March 27th. DA Davidson reaffirmed a "buy" rating and set a $209.00 price objective on shares of Procter & Gamble in a research note on Thursday, January 23rd. Finally, Erste Group Bank raised shares of Procter & Gamble from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. One research analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have given a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $180.79.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, CEO Gary A. Coombe sold 18,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $171.66, for a total value of $3,089,880.00. Following the completion of the sale, the chief executive officer now directly owns 22,051 shares in the company, valued at $3,785,274.66. This trade represents a 44.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is owned by insiders.

Institutional Investors Weigh In On Procter & Gamble

Several institutional investors have recently bought and sold shares of PG. North Capital Inc. acquired a new stake in shares of Procter & Gamble during the first quarter worth $425,000. Barlow Wealth Partners Inc. lifted its stake in shares of Procter & Gamble by 12.5% during the first quarter. Barlow Wealth Partners Inc. now owns 9,027 shares of the company's stock worth $1,454,000 after buying an additional 1,005 shares during the period. Mountain Capital Investment Advisors Inc. acquired a new stake in shares of Procter & Gamble during the first quarter worth $370,000. Summit Place Financial Advisors LLC lifted its stake in shares of Procter & Gamble by 11.4% during the first quarter. Summit Place Financial Advisors LLC now owns 13,956 shares of the company's stock worth $2,378,000 after buying an additional 1,431 shares during the period. Finally, D.A. Davidson & CO. lifted its stake in shares of Procter & Gamble by 5.2% during the first quarter. D.A. Davidson & CO. now owns 206,200 shares of the company's stock worth $35,141,000 after buying an additional 10,258 shares during the period. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble Stock Up 0.5 %

The company's 50 day moving average price is $168.07 and its 200 day moving average price is $168.25. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $379.56 billion, a price-to-earnings ratio of 25.78, a P/E/G ratio of 3.76 and a beta of 0.43.

Procter & Gamble Company Profile

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.