Procter & Gamble (NYSE:PG) Stock Price Down 0% - What You Need to Know

The Procter & Gamble Company (NYSE:PG) experienced a slight dip in its stock price, trading down 0% on Friday. The stock reached a low of $170.12 and later traded at $170.77, with a total of 781,439 shares changing hands during mid-day trading. This volume represents an 88% decrease compared to the average session trading volume of 6,673,486 shares. The stock had closed the previous day at $170.85.

Insights from Analysts

A variety of analysts have provided feedback on Procter & Gamble's stock. Wells Fargo & Company raised their target price for the shares from $188.00 to $190.00, maintaining an "overweight" rating. Barclays, on the other hand, downgraded the stock from an "overweight" to an "equal weight" rating, setting a price target of $163.00. Evercore ISI upgraded their target price from $180.00 to $183.00, also issuing an "outperform" rating. Furthermore, Morgan Stanley increased their price target from $174.00 to $191.00, assigning an "overweight" rating. DZ Bank affirmed their positive outlook by raising the rating from "hold" to "buy" and setting the price target at $190.00. Overall, of the analysts monitoring the stock, eight have rated it as a hold, fourteen as a buy, and two have given it a strong buy rating. According to MarketBeat, the average price target for Procter & Gamble is currently set at $180.45, reflecting a consensus rating of "Moderate Buy."

Stock Performance Overview

Procter & Gamble reported a debt-to-equity ratio of 0.50, a quick ratio of 0.55, and a current ratio of 0.75. The company's market capitalization stands at $403.23 billion, with a P/E ratio of 29.44 and a price-to-earnings-growth ratio of 3.69. Notably, Procter & Gamble has a beta of 0.44 and a 50-day moving average price of $170.69 along with a 200-day moving average price of $169.51.

Recent Earnings Report

On October 18th, Procter & Gamble announced its latest quarterly earnings data, revealing earnings per share (EPS) of $1.93 for the quarter. This figure exceeds the consensus estimate of $1.90 by $0.03. The company recorded a return on equity of 33.25% and a net profit margin of 17.07%. Revenue for the quarter was $21.74 billion, falling short of analyst expectations which were set at $21.99 billion. Year-over-year, the company’s revenue witnessed a slight decline of 0.6% compared to the same quarter last year. Looking ahead, analysts estimate that Procter & Gamble will generate an EPS of 6.94 for the current fiscal year.

Dividend Announcement

Additionally, Procter & Gamble recently declared a quarterly dividend, which was paid to shareholders on November 15th. Stockholders of record as of October 18th received a dividend of $1.0065 per share, translating to an annualized dividend of $4.03 and a yield of 2.35%. The company's payout ratio is reported at 69.48%.

Insider Trading Activity

In the realm of insider trading, Susan Street Whaley, an insider, sold 634 shares of Procter & Gamble stock on October 2nd for a total of $108,826. Following this transaction, she holds 19,341 shares valued at approximately $3.32 million. CEO Jon R. Moeller also sold 7,007 shares on the same day for $1.20 million, resulting in a decrease of 2.54% in his ownership. In the past quarter, insiders sold 83,080 shares, amounting to $14.63 million, with a total of 0.18% of the stock held by insiders.

Institutional Trading Dynamics

Institutional investors and hedge funds have also made adjustments to their holdings in Procter & Gamble recently. Geode Capital Management increased its stake by 7.0% during the third quarter, owning 55,204,776 shares valued at approximately $9.54 billion. FMR LLC boosted its position by 2.7%, now holding 26,556,319 shares worth $4.60 billion. Additionally, Legal & General Group increased its holdings by 0.6%. Franklin Resources Inc. reported a significant increase of 10.2%, acquiring 1,760,214 additional shares during the third quarter. Overall, institutional ownership of Procter & Gamble stands at 65.77%.

About Procter & Gamble

The Procter & Gamble Company is known for its wide range of consumer packaged goods and operates through five key segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. Key brands include Head & Shoulders, Olay, Gillette, and Pampers, among others.

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