Procter & Gamble (NYSE:PG) Trading Down 2.7% – What’s Next?

Procter & Gamble Company (The) (NYSE:PG) shares dropped 2.7% during trading on Wednesday . The company traded as low as $148.35 and last traded at $148.5760. 12,138,342 shares were traded during mid-day trading, an increase of 18% from the average session volume of 10,250,829 shares. The stock had previously closed at $152.75.

Analysts Set New Price Targets

PG has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $163.00 target price on shares of Procter & Gamble in a research note on Monday, April 27th. Piper Sandler upped their price objective on Procter & Gamble from $142.00 to $145.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Procter & Gamble in a research report on Wednesday, June 24th. JPMorgan Chase & Co. reduced their target price on Procter & Gamble from $165.00 to $162.00 and set an “overweight” rating for the company in a research note on Friday, April 17th. Finally, BNP Paribas Exane decreased their target price on Procter & Gamble from $172.00 to $165.00 and set an “outperform” rating on the stock in a report on Thursday, April 23rd. Twelve investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, Procter & Gamble has a consensus rating of “Moderate Buy” and an average target price of $161.47.

Procter & Gamble Stock Performance

The company has a market cap of $345.97 billion, a P/E ratio of 21.72, a price-to-earnings-growth ratio of 6.35 and a beta of 0.39. The stock has a 50 day moving average price of $146.61 and a two-hundred day moving average price of $148.34. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 0.44.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Friday, April 24th. The company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.03. Procter & Gamble had a return on equity of 32.00% and a net margin of 19.16%.The business had revenue of $21.23 billion during the quarter, compared to the consensus estimate of $21.52 billion. During the same period in the previous year, the company posted $1.54 EPS. The firm’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. On average, research analysts predict that Procter & Gamble Company will post 6.9 earnings per share for the current fiscal 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 dividend of $1.0885 per share. This represents a $4.35 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Friday, April 24th. This is an increase from Procter & Gamble’s previous quarterly dividend of $1.06. Procter & Gamble’s dividend payout ratio (DPR) is 63.60%.

Institutional Trading of Procter & Gamble

Several large investors have recently made changes to their positions in PG. Vanguard Group Inc. boosted its holdings in Procter & Gamble by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 237,459,756 shares of the company’s stock worth $34,030,358,000 after purchasing an additional 2,829,151 shares during the last quarter. State Street Corp boosted its stake in Procter & Gamble by 1.0% in the fourth quarter. State Street Corp now owns 101,618,926 shares of the company’s stock valued at $14,563,008,000 after acquiring an additional 984,102 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Procter & Gamble by 3.3% during the 4th quarter. Geode Capital Management LLC now owns 62,647,882 shares of the company’s stock valued at $8,962,689,000 after acquiring an additional 1,974,556 shares during the period. Norges Bank purchased a new stake in shares of Procter & Gamble during the 4th quarter worth approximately $4,664,783,000. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Procter & Gamble by 3.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 29,612,826 shares of the company’s stock worth $4,243,815,000 after purchasing an additional 1,091,091 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

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.