Procter & Gamble (NYSE:PG) Stock Price Down 2.6% – Here’s Why

Shares of Procter & Gamble Company (The) (NYSE:PG) were down 2.6% on Friday. The company traded as low as $160.64 and last traded at $161.2070. Approximately 9,771,503 shares were traded during trading, an increase of 0% from the average daily volume of 9,752,110 shares. The stock had previously closed at $165.59.

Key Stories Impacting Procter & Gamble

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

• Positive Sentiment: Better-than-expected fiscal Q1 results: P&G reported adjusted EPS of $2.00 versus the $1.89 consensus, while revenue rose 4% year over year to $23.28 billion, exceeding estimates of about $22.8 billion. Organic sales also increased 4%, supported by 2.4 percentage points of volume growth, favorable product mix and productivity savings. Procter & Gamble earnings beat as sales rise 4%
• Positive Sentiment: Analysts raised targets: Citigroup lifted its target to $187 and assigned a Buy rating, BNP Paribas Exane raised its target to $189 with an Outperform rating, and JPMorgan increased its target to $180 with an Overweight rating. TD Cowen also raised its target to $166, although it maintained a Hold rating. Analyst targets and turnaround outlook
• Positive Sentiment: Defensive and income appeal: P&G’s scale, diversified household-products portfolio and 70-year record of consecutive dividend increases continue to support demand from defensive and income-oriented investors. P&G’s 70-year dividend record
• Neutral Sentiment: Guidance was mixed: P&G forecasts fiscal 2027 EPS of $6.89–$7.11, broadly consistent with the $6.98 consensus. Its $86.0–$87.7 billion revenue outlook was raised partly because of the Thorne acquisition but remains below analysts’ $88.8 billion expectation.
• Negative Sentiment: Commodity inflation threatens margins: Higher oil, raw-material, energy and transportation costs are expected to create a larger annual profit headwind. Analysts caution that pricing and productivity improvements may not fully offset the pressure, leaving the durability of the recovery uncertain. P&G flags higher commodity costs

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on PG shares. Bank of America decreased their price objective on shares of Procter & Gamble from $170.00 to $166.00 and set a “buy” rating for the company in a research report on Friday, July 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Procter & Gamble in a research note on Monday, September 21st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Procter & Gamble in a report on Friday. Citigroup upped their target price on Procter & Gamble from $180.00 to $187.00 and gave the company a “buy” rating in a research report on Friday. Finally, Sanford C. Bernstein restated a “market perform” rating and issued a $149.00 target price on shares of Procter & Gamble in a research note on Monday, August 24th. Fifteen equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $168.90.

Procter & Gamble Stock Performance

The firm’s 50 day simple moving average is $148.08 and its 200 day simple moving average is $146.99. The firm has a market capitalization of $374.43 billion, a price-to-earnings ratio of 24.35, a PEG ratio of 3.90 and a beta of 0.39. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.47 and a current ratio of 0.68.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Thursday, October 22nd. The company reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.11. The company had revenue of $23.28 billion for the quarter, compared to the consensus estimate of $22.80 billion. Procter & Gamble had a return on equity of 31.36% and a net margin of 18.44%. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period last year, the firm earned $1.99 EPS. Sell-side analysts forecast that Procter & Gamble Company will post 6.98 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Friday, October 23rd will be given a $1.0885 dividend. This represents a $4.35 annualized dividend and a yield of 2.7%. The ex-dividend date is Friday, October 23rd. Procter & Gamble’s dividend payout ratio is currently 65.71%.

Insider Buying and Selling at Procter & Gamble

In related news, insider Susan Whaley sold 2,369 shares of Procter & Gamble stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $145.34, for a total value of $344,310.46. Following the completion of the transaction, the insider owned 30,730 shares in the company, valued at $4,466,298.20. The trade was a 7.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Matthew W. Janzaruk sold 359 shares of the company’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $145.24, for a total value of $52,141.16. Following the completion of the transaction, the chief accounting officer directly owned 1,271 shares of the company’s stock, valued at $184,600.04. The trade was a 22.02% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 15,135 shares of company stock worth $2,189,970. 0.23% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Procter & Gamble

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Simplicity Wealth LLC raised its stake in shares of Procter & Gamble by 3.5% during the third quarter. Simplicity Wealth LLC now owns 66,516 shares of the company’s stock worth $9,664,000 after purchasing an additional 2,224 shares during the last quarter. Brookmont Capital Management raised its holdings in Procter & Gamble by 34.4% during the third quarter. Brookmont Capital Management now owns 32,483 shares of the company’s stock worth $4,719,000 after purchasing an additional 8,309 shares in the last quarter. NTV Asset Management LLC lifted its position in Procter & Gamble by 28.5% in the third quarter. NTV Asset Management LLC now owns 39,756 shares of the company’s stock valued at $5,776,000 after purchasing an additional 8,824 shares during the period. Sowell Financial Services LLC lifted its position in Procter & Gamble by 1.8% in the third quarter. Sowell Financial Services LLC now owns 38,851 shares of the company’s stock valued at $5,644,000 after purchasing an additional 687 shares during the period. Finally, One Wealth Capital Management LLC boosted its holdings in Procter & Gamble by 144.5% in the 3rd quarter. One Wealth Capital Management LLC now owns 7,397 shares of the company’s stock valued at $1,075,000 after purchasing an additional 4,372 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Company Profile

Procter & Gamble Company (NYSE: PG) is a global consumer products company that develops, manufactures and markets branded products used in households and personal care. Its portfolio includes personal health and grooming products, beauty and skin care items, baby, feminine and family care products, fabric and home care products, and oral care products.

The company’s well-known brands include Pampers, Tide, Gillette, Crest, Oral-B, Head & Shoulders, Pantene, Olay, Old Spice, Dawn, Febreze and Mr.