Procter & Gamble (NYSE:PG) Stock Price Up 1.6% Following Better-Than-Expected Earnings

Key Points

• Procter & Gamble reported Q3 EPS of $1.59, beating estimates by $0.03 while revenue was $21.24B (slightly below consensus) and revenue rose 7.4% YoY; the stock jumped about 1.6% and management set FY2026 guidance at EPS 6.830–7.090.
• The company raised its quarterly dividend to $1.0885 (annualized $4.35) for a ~2.9% yield, with an ex-dividend date of April 24 and payment on May 15.
• Management warned of a ~$150 million profit hit from higher energy/input costs tied to Middle East disruptions, prompting some analysts to trim price targets even as the consensus rating remains a "Moderate Buy" (average target ≈ $162); insiders have also sold shares recently.

Procter & Gamble Company (The) (NYSE:PG - Get Free Report) shares rose 1.6% on Friday following a stronger than expected earnings report. The stock traded as high as $152.42 and last traded at $148.1120. Approximately 13,491,503 shares traded hands during trading, an increase of 22% from the average daily volume of 11,059,146 shares. The stock had previously closed at $145.71.

The company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.56 by $0.03. Procter & Gamble had a net margin of 19.30% and a return on equity of 32.21%. The firm had revenue of $21.24 billion for the quarter, compared to the consensus estimate of $21.52 billion. During the same period in the previous year, the company earned $1.54 earnings per share. The company's quarterly revenue was up 7.4% on a year-over-year basis. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS.

Procter & Gamble Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, April 24th will be issued a $1.0885 dividend. This is an increase from Procter & Gamble's previous quarterly dividend of $1.06. This represents a $4.35 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Friday, April 24th. Procter & Gamble's dividend payout ratio is presently 62.67%.

Key Procter & Gamble News

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

• Positive Sentiment: Q3 beat on both EPS and revenue, driven by volume‑led organic sales growth and strength in beauty (global beauty net sales up ~11%); results showed the first quarter of volume growth in a year, suggesting demand recovery. PG Announces Fiscal Year 2026 Third Quarter Results
• Positive Sentiment: Market reaction amplified by bullish flow — an unusual surge in call option buying the morning of the print, indicating short‑term trader optimism. (Trading data reported in market coverage.)
• Neutral Sentiment: Company reiterated fiscal 2026 guidance (EPS range 6.830–7.090) and revenue corridor, but noted EPS is likely toward the low end; maintenance of guidance reduces surprise risk but leaves upside limited versus consensus. Fiscal Q3 Core Earnings, Net Sales Increase; Outlook Maintained
• Negative Sentiment: Management flagged a ~$150 million hit to FY profit from higher energy/input costs tied to Middle East disruptions and supply‑chain energy impacts — a clear near‑term margin headwind that could pressure future EPS. Procter & Gamble Sees $150 Million Hit From From Middle East Disruptions, Maintains Outlook
• Negative Sentiment: Some analysts have trimmed price targets citing higher resin/energy costs and the risk to margins (BNP Paribas Exane, BofA adjustments), which may cap near‑term upside until costs normalize. BNP Paribas Adjusts Price Target on Procter & Gamble

Analysts Set New Price Targets

PG has been the topic of several research reports. TD Cowen decreased their price objective on shares of Procter & Gamble from $156.00 to $142.00 and set a "hold" rating on the stock in a report on Wednesday, April 1st. BNP Paribas Exane decreased their price objective on shares of Procter & Gamble from $172.00 to $165.00 and set an "outperform" rating on the stock in a report on Thursday. Raymond James Financial reduced their target price on shares of Procter & Gamble from $175.00 to $170.00 and set an "outperform" rating for the company in a research report on Tuesday, April 14th. Barclays reduced their target price on shares of Procter & Gamble from $155.00 to $146.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 14th. Finally, Morgan Stanley decreased their price target on shares of Procter & Gamble from $175.00 to $166.00 and set an "overweight" rating on the stock in a research note on Wednesday. Twelve equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, Procter & Gamble has an average rating of "Moderate Buy" and an average price target of $162.37.

Insider Buying and Selling at Procter & Gamble

In related news, insider Moses Victor Javier Aguilar sold 15,169 shares of the company's stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $162.28, for a total transaction of $2,461,625.32. Following the completion of the sale, the insider owned 44,735 shares of the company's stock, valued at $7,259,595.80. This represents a 25.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Ma. Fatima Francisco sold 5,549 shares of the stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $165.29, for a total transaction of $917,194.21. Following the completion of the transaction, the chief executive officer directly owned 1,029 shares of the company's stock, valued at $170,083.41. This trade represents a 84.36% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 252,715 shares of company stock valued at $40,966,904 over the last three months. 0.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in PG. Norges Bank bought a new position in shares of Procter & Gamble in the fourth quarter worth about $4,664,783,000. Cardano Risk Management B.V. lifted its holdings in shares of Procter & Gamble by 1,104.8% in the fourth quarter. Cardano Risk Management B.V. now owns 9,521,440 shares of the company's stock worth $1,364,518,000 after acquiring an additional 8,731,126 shares during the last quarter. Auto Owners Insurance Co increased its stake in shares of Procter & Gamble by 14,231.0% in the fourth quarter. Auto Owners Insurance Co now owns 3,549,645 shares of the company's stock valued at $508,700,000 after buying an additional 3,524,876 shares during the period. Vanguard Group Inc. increased its stake in shares of Procter & Gamble by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 237,459,756 shares of the company's stock valued at $34,030,358,000 after buying an additional 2,829,151 shares during the period. Finally, Assenagon Asset Management S.A. boosted its position in Procter & Gamble by 100.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 5,460,939 shares of the company's stock worth $782,607,000 after buying an additional 2,741,924 shares during the period. Institutional investors own 65.77% of the company's stock.

Procter & Gamble Stock Up 1.6%

The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.51 and a current ratio of 0.72. The stock has a market capitalization of $344.21 billion, a P/E ratio of 21.94, a price-to-earnings-growth ratio of 5.50 and a beta of 0.41. The stock's fifty day simple moving average is $150.56 and its two-hundred day simple moving average is $148.72.

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.

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