Procter & Gamble (NYSE:PG) Trading Up 1.4% – Here’s Why

Procter & Gamble Company (The) (NYSE:PG) shares shot up 1.4% during mid-day trading on Friday . The company traded as high as $143.11 and last traded at $142.77. 9,565,137 shares were traded during mid-day trading, an increase of 17% from the average session volume of 8,180,575 shares. The stock had previously closed at $140.76.

Wall Street Analyst Weigh In

Several research analysts have recently commented on PG shares. Dbs Bank upgraded Procter & Gamble to a “hold” rating in a research note on Friday, December 5th. Berenberg Bank raised their price target on Procter & Gamble from $152.00 to $154.00 and gave the company a “hold” rating in a report on Wednesday, September 17th. BNP Paribas Exane decreased their price objective on shares of Procter & Gamble from $177.00 to $172.00 and set an “outperform” rating on the stock in a report on Tuesday, September 23rd. Barclays dropped their price objective on shares of Procter & Gamble from $153.00 to $151.00 and set an “equal weight” rating on the stock in a research report on Monday, December 8th. Finally, Morgan Stanley set a $175.00 target price on shares of Procter & Gamble in a report on Monday, October 27th. Twelve analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $171.40.

Procter & Gamble Stock Up 1.4%

The company has a quick ratio of 0.51, a current ratio of 0.71 and a debt-to-equity ratio of 0.46. The stock has a fifty day moving average price of $147.84 and a two-hundred day moving average price of $154.25. The company has a market cap of $333.61 billion, a price-to-earnings ratio of 20.84, a P/E/G ratio of 4.80 and a beta of 0.39.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Friday, October 24th. The company reported $1.99 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.09. The business had revenue of $22.39 billion for the quarter, compared to analyst estimates of $22.23 billion. Procter & Gamble had a net margin of 19.74% and a return on equity of 32.63%. Procter & Gamble’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period last year, the firm earned $1.93 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.100 EPS. As a group, sell-side analysts expect that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Friday, October 24th were paid a $1.0568 dividend. This represents a $4.23 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Friday, October 24th. Procter & Gamble’s payout ratio is 61.75%.

Insider Activity

In other news, CEO Gary A. Coombe sold 3,535 shares of the stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $152.23, for a total transaction of $538,133.05. Following the sale, the chief executive officer directly owned 34,816 shares of the company’s stock, valued at approximately $5,300,039.68. This represents a 9.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Shailesh Jejurikar sold 3,986 shares of the business’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total value of $606,788.78. Following the completion of the transaction, the chief operating officer directly owned 46,899 shares of the company’s stock, valued at approximately $7,139,434.77. This trade represents a 7.83% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 30,308 shares of company stock worth $4,611,852. 0.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Procter & Gamble

Hedge funds have recently bought and sold shares of the company. Brighton Jones LLC increased its stake in shares of Procter & Gamble by 51.5% in the 4th quarter. Brighton Jones LLC now owns 40,068 shares of the company’s stock valued at $6,717,000 after purchasing an additional 13,617 shares during the last quarter. Taylor Financial Group Inc. grew its position in Procter & Gamble by 10.6% in the first quarter. Taylor Financial Group Inc. now owns 2,891 shares of the company’s stock valued at $493,000 after acquiring an additional 277 shares during the last quarter. Brandywine Global Investment Management LLC raised its stake in Procter & Gamble by 23.0% during the first quarter. Brandywine Global Investment Management LLC now owns 156,769 shares of the company’s stock worth $26,717,000 after acquiring an additional 29,322 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Procter & Gamble by 18.2% in the first quarter. EverSource Wealth Advisors LLC now owns 18,420 shares of the company’s stock worth $3,139,000 after acquiring an additional 2,838 shares during the last quarter. Finally, Ethic Inc. boosted its stake in shares of Procter & Gamble by 17.4% in the 1st quarter. Ethic Inc. now owns 43,206 shares of the company’s stock valued at $7,369,000 after purchasing an additional 6,399 shares in the last quarter. 65.77% of the stock is owned by institutional investors.

About Procter & Gamble

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.