Procter & Gamble (NYSE:PG) Trading Down 1.1% - What's Next?

Key Points

• Procter & Gamble stock fell 1.1% on Thursday, trading as low as $145.60 and finishing at $146.74 on lighter-than-average volume.
• Analysts remain cautiously positive overall, with 12 Buy ratings and 10 Hold ratings; the consensus rating is Moderate Buy with an average target price of $161.47.
• The company recently raised its quarterly dividend to $1.0885 per share, equal to a 3.0% annualized yield, while its latest earnings beat EPS expectations but slightly missed revenue estimates.

Procter & Gamble Company (The) (NYSE:PG - Get Free Report)'s stock price was down 1.1% during trading on Thursday . The stock traded as low as $145.60 and last traded at $146.74. Approximately 5,745,561 shares were traded during mid-day trading, a decline of 44% from the average daily volume of 10,215,557 shares. The stock had previously closed at $148.40.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on PG shares. BNP Paribas Exane dropped their price objective on shares of Procter & Gamble from $172.00 to $165.00 and set an "outperform" rating on the stock in a research note on Thursday, April 23rd. BMO Capital Markets upped their target price on Procter & Gamble from $169.00 to $170.00 and gave the stock an "outperform" rating in a report on Monday, June 29th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $163.00 target price on shares of Procter & Gamble in a research report on Monday, April 27th. Raymond James Financial cut their price target on Procter & Gamble from $175.00 to $170.00 and set an "outperform" rating on the stock in a report on Tuesday, April 14th. Finally, The Goldman Sachs Group reduced their price target on Procter & Gamble from $159.00 to $155.00 and set a "neutral" rating for the company in a research report on Wednesday, April 8th. Twelve analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $161.47.

Procter & Gamble Stock Down 1.1%

The company's fifty day simple moving average is $146.61 and its 200-day simple moving average is $148.36. The firm has a market capitalization of $341.70 billion, a PE ratio of 21.45, a price-to-earnings-growth ratio of 6.50 and a beta of 0.39. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.73 and a quick ratio of 0.53.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings data on Friday, April 24th. The company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.56 by $0.03. The firm had revenue of $21.23 billion during the quarter, compared to analyst estimates of $21.52 billion. Procter & Gamble had a return on equity of 32.00% and a net margin of 19.16%.The business's revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.54 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. On average, analysts forecast that Procter & Gamble Company will post 6.9 EPS for the current year.

Procter & Gamble Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, April 24th were issued a $1.0885 dividend. This is a boost from Procter & Gamble's previous quarterly dividend of $1.06. This represents a $4.35 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Friday, April 24th. Procter & Gamble's dividend payout ratio is 63.60%.

Hedge Funds Weigh In On Procter & Gamble

Hedge funds have recently modified their holdings of the stock. E Fund Management Hong Kong Co. Ltd. boosted its holdings in Procter & Gamble by 1,000.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 165 shares of the company's stock valued at $25,000 after purchasing an additional 150 shares during the last quarter. Litman Gregory Wealth Management LLC purchased a new position in shares of Procter & Gamble during the 4th quarter valued at about $26,000. Park Square Financial Group LLC lifted its holdings in shares of Procter & Gamble by 65.1% in the 4th quarter. Park Square Financial Group LLC now owns 180 shares of the company's stock valued at $26,000 after buying an additional 71 shares during the period. Evolution Wealth Management Inc. boosted its stake in shares of Procter & Gamble by 1,315.4% in 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 last quarter. Finally, Basso Capital Management L.P. purchased a new stake in shares of Procter & Gamble in the fourth quarter worth about $28,000. Institutional investors and hedge funds own 65.77% of the company's stock.

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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