Procter & Gamble (NYSE:PG) Stock Jumps 1.2% – Should You Buy?

Procter & Gamble Company (The) (NYSE:PG) was up 1.2% on Monday. The company traded as high as $153.25 and last traded at $153.0910. 6,215,139 shares were traded during mid-day trading, a decline of 36% from the average daily volume of 9,654,959 shares. The stock had previously closed at $151.23.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Argus lowered Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Friday, August 7th. Royal Bank Of Canada lowered their price objective on shares of Procter & Gamble from $167.00 to $166.00 and set an “outperform” rating for the company in a research note on Tuesday, October 6th. Barclays upped their target price on shares of Procter & Gamble from $146.00 to $152.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 21st. JPMorgan Chase & Co. reduced their target price on shares of Procter & Gamble from $164.00 to $162.00 and set an “overweight” rating on the stock in a report on Thursday, July 16th. Finally, TD Cowen reissued a “hold” rating and issued a $150.00 price target on shares of Procter & Gamble in a research report on Wednesday, September 30th. Fourteen equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, Procter & Gamble has an average rating of “Moderate Buy” and an average price target of $161.70.

Procter & Gamble Price Performance

The stock’s 50 day moving average is $145.95 and its two-hundred day moving average is $146.09. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.68 and a quick ratio of 0.47. The stock has a market capitalization of $355.58 billion, a PE ratio of 23.13, a price-to-earnings-growth ratio of 3.76 and a beta of 0.39.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.02. Procter & Gamble had a net margin of 18.44% and a return on equity of 31.36%. The company had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $21.38 billion. During the same quarter in the previous year, the firm earned $1.48 earnings per share. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. As a group, 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 firm also recently announced a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Friday, July 24th were paid a dividend of $1.0885 per share. The ex-dividend date was Friday, July 24th. This represents a $4.35 annualized dividend and a yield of 2.8%. Procter & Gamble’s payout ratio is presently 65.71%.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, CAO Matthew Janzaruk sold 359 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $145.24, for a total transaction of $52,141.16. Following the sale, the chief accounting officer owned 1,271 shares of the company’s stock, valued at approximately $184,600.04. This trade represents a 22.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Susan Whaley sold 2,369 shares of the business’s stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $145.34, for a total transaction of $344,310.46. Following the sale, the insider owned 30,730 shares of the company’s stock, valued at $4,466,298.20. This represents a 7.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 15,135 shares of company stock valued at $2,189,970 over the last three months. 0.23% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Procter & Gamble

Large investors have recently bought and sold shares of the stock. KLCM Advisors Inc. increased its position in shares of Procter & Gamble by 0.9% during the 1st quarter. KLCM Advisors Inc. now owns 7,890 shares of the company’s stock valued at $1,140,000 after purchasing an additional 70 shares during the period. Midwest Professional Planners LTD. lifted its holdings in shares of Procter & Gamble by 2.6% in the second quarter. Midwest Professional Planners LTD. now owns 2,799 shares of the company’s stock valued at $410,000 after buying an additional 70 shares during the period. Legacy Solutions LLC lifted its holdings in shares of Procter & Gamble by 3.8% in the second quarter. Legacy Solutions LLC now owns 1,928 shares of the company’s stock valued at $283,000 after buying an additional 71 shares during the period. Yarger Wealth Strategies LLC lifted its holdings in shares of Procter & Gamble by 1.7% in the second quarter. Yarger Wealth Strategies LLC now owns 4,142 shares of the company’s stock valued at $609,000 after buying an additional 71 shares during the period. Finally, Unique Wealth LLC boosted its stake in Procter & Gamble by 2.9% during the second quarter. Unique Wealth LLC now owns 2,520 shares of the company’s stock valued at $370,000 after buying an additional 71 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Company Profile

The Procter & Gamble Company (NYSE: PG) is a consumer products company that develops, manufactures and markets branded products used in households and personal care routines. Its portfolio includes products in categories such as beauty, grooming, health care, fabric and home care, and family care.

Major brands associated with Procter & Gamble include Pampers, Tide, Gillette, Head & Shoulders, Pantene, Oral-B, Crest, Olay, Old Spice, Febreze, Mr. Clean, Swiffer and Bounty. The company sells its products through retailers, e-commerce platforms and other distribution channels.

Founded in Cincinnati, Ohio, in 1837 by William Procter and James Gamble, the company has grown into a global consumer goods business serving customers in markets around the world.