Procter & Gamble (NYSE:PG) Stock Price Down 1.1% – Should You Sell?

Procter & Gamble Company (The) (NYSE:PG)’s stock price dropped 1.1% during mid-day trading on Thursday . The company traded as low as $145.60 and last traded at $146.74. 5,745,561 shares traded hands during mid-day trading, a decline of 44% from the average session volume of 10,215,557 shares. The stock had previously closed at $148.40.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on PG shares. Raymond James Financial dropped their price objective on shares of Procter & Gamble from $175.00 to $170.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 14th. BMO Capital Markets increased their price target on shares of 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 restated a “buy” rating and set a $163.00 price target on shares of Procter & Gamble in a research report on Monday, April 27th. Jefferies Financial Group lifted their price objective on shares of Procter & Gamble from $177.00 to $179.00 and gave the company a “buy” rating in a report on Friday, June 26th. Finally, Bank of America decreased their price objective on shares of Procter & Gamble from $171.00 to $167.00 and set a “buy” rating for the company in a research report on Friday, April 10th. Twelve research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $161.47.

Procter & Gamble Trading Down 1.1%

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

Procter & Gamble (NYSE:PG) last announced its earnings results on Friday, April 24th. The company reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.56 by $0.03. The business had revenue of $21.23 billion during the quarter, compared to analysts’ expectations 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 was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.54 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. As a group, equities research analysts anticipate that Procter & Gamble Company will post 6.9 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, April 24th were paid a $1.0885 dividend. The ex-dividend date of this dividend was Friday, April 24th. This represents a $4.35 annualized dividend and a yield of 3.0%. This is an increase from Procter & Gamble’s previous quarterly dividend of $1.06. Procter & Gamble’s dividend payout ratio is currently 63.60%.

Institutional Investors Weigh In On Procter & Gamble

A number of large investors have recently modified their holdings of the business. Norges Bank purchased a new stake in shares of Procter & Gamble during the 4th quarter valued at approximately $4,664,783,000. Cardano Risk Management B.V. grew its position in 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 period. Auto Owners Insurance Co increased its stake in Procter & Gamble by 14,231.0% during the fourth quarter. Auto Owners Insurance Co now owns 3,549,645 shares of the company’s stock worth $508,700,000 after acquiring an additional 3,524,876 shares during the last quarter. Vanguard Group Inc. increased its stake 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 acquiring an additional 2,829,151 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its position in Procter & Gamble by 100.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 5,460,939 shares of the company’s stock valued at $782,607,000 after purchasing an additional 2,741,924 shares during the period. Hedge funds and other institutional investors 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.