Procter & Gamble (NYSE:PG) Stock Price Up 1.4% After Dividend Announcement

Procter & Gamble Company (The) (NYSE:PGGet Free Report) rose 1.4% during mid-day trading on Wednesday after the company announced a dividend. The stock traded as high as $146.90 and last traded at $146.2970. Approximately 13,469,081 shares traded hands during mid-day trading, an increase of 17% from the average daily volume of 11,512,630 shares. The stock had previously closed at $144.24.

The newly announced dividend which will be paid on Tuesday, February 17th. Investors of record on Friday, January 23rd will be issued a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Friday, January 23rd. Procter & Gamble’s payout ratio is currently 61.61%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Piper Sandler began coverage on Procter & Gamble in a research report on Wednesday, January 7th. They set a “neutral” rating and a $150.00 price target for the company. TD Cowen decreased their target price on Procter & Gamble from $168.00 to $150.00 and set a “buy” rating for the company in a report on Thursday, January 8th. Dbs Bank raised Procter & Gamble to a “hold” rating in a research note on Friday, December 5th. Wells Fargo & Company reduced their price objective on shares of Procter & Gamble from $170.00 to $158.00 and set an “overweight” rating on the stock in a research report on Monday, January 5th. Finally, UBS Group decreased their price objective on shares of Procter & Gamble from $176.00 to $161.00 and set a “buy” rating for the company in a report on Wednesday. Fifteen research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $168.55.

Check Out Our Latest Report on PG

Procter & Gamble Stock Up 1.4%

The stock’s 50 day simple moving average is $144.79 and its two-hundred day simple moving average is $151.23. The firm has a market cap of $341.86 billion, a P/E ratio of 21.36, a P/E/G ratio of 4.84 and a beta of 0.39. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.71 and a quick ratio of 0.51.

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

Procter & Gamble News Roundup

Here are the key news stories impacting Procter & Gamble this week:

Insider Activity

In related news, CAO Matthew W. Janzaruk sold 725 shares of the company’s stock in a transaction dated Thursday, October 30th. The shares were sold at an average price of $149.57, for a total value of $108,438.25. Following the transaction, the chief accounting officer owned 979 shares in the company, valued at $146,429.03. The trade was a 42.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in PG. Vanguard Group Inc. lifted its holdings in shares of Procter & Gamble by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 234,630,605 shares of the company’s stock valued at $36,050,992,000 after acquiring an additional 1,419,322 shares during the last quarter. State Street Corp lifted its stake in shares of Procter & Gamble by 0.4% in the 3rd quarter. State Street Corp now owns 100,634,824 shares of the company’s stock valued at $15,462,541,000 after purchasing an additional 370,872 shares during the last quarter. Kingstone Capital Partners Texas LLC increased its position in shares of Procter & Gamble by 655,209.0% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 76,028,952 shares of the company’s stock valued at $11,832,680,000 after purchasing an additional 76,017,350 shares during the last quarter. Geode Capital Management LLC raised its holdings in Procter & Gamble by 1.8% during the 2nd quarter. Geode Capital Management LLC now owns 59,415,933 shares of the company’s stock valued at $9,439,341,000 after buying an additional 1,060,713 shares during the period. Finally, Norges Bank bought a new stake in Procter & Gamble in the second quarter worth $5,099,644,000. Institutional investors own 65.77% of the company’s stock.

About Procter & Gamble

(Get Free Report)

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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