Procter & Gamble Company (The) (NYSE:PG – Get Free Report)’s share price was down 2.7% during trading on Wednesday . The stock traded as low as $148.35 and last traded at $148.5760. Approximately 12,138,342 shares traded hands during trading, an increase of 18% from the average daily volume of 10,250,829 shares. The stock had previously closed at $152.75.
Analyst Ratings Changes
Several equities research analysts have issued reports on the company. JPMorgan Chase & Co. lowered their price target on Procter & Gamble from $165.00 to $162.00 and set an “overweight” rating for the company in a report on Friday, April 17th. Erste Group Bank lowered Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $163.00 target price on shares of Procter & Gamble in a research note on Monday, April 27th. Bank of America dropped their target price on shares of Procter & Gamble from $171.00 to $167.00 and set a “buy” rating on the stock in a report on Friday, April 10th. Finally, Evercore set a $162.00 price target on shares of Procter & Gamble in a research note on Monday, April 27th. Twelve investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Procter & Gamble has an average rating of “Moderate Buy” and a consensus price target of $161.47.
Procter & Gamble Stock Down 2.7%
Procter & Gamble (NYSE:PG – Get Free Report) last announced its earnings results on Friday, April 24th. The company reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.56 by $0.03. Procter & Gamble had a return on equity of 32.00% and a net margin of 19.16%.The business had revenue of $21.23 billion for the quarter, compared to analyst estimates of $21.52 billion. During the same quarter last year, the firm earned $1.54 EPS. Procter & Gamble’s revenue for the quarter was up 7.4% compared to the same quarter last year. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. As a group, sell-side analysts anticipate that Procter & Gamble Company will post 6.9 earnings per share for the current fiscal year.
Procter & Gamble Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, April 24th were given a $1.0885 dividend. This is a boost from Procter & Gamble’s previous quarterly dividend of $1.06. This represents a $4.35 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, April 24th. Procter & Gamble’s payout ratio is presently 63.60%.
Institutional Investors Weigh In On Procter & Gamble
Several hedge funds and other institutional investors have recently added to or reduced their stakes in PG. Aurora Investment Managers LLC. acquired a new position in Procter & Gamble during the second quarter valued at approximately $354,000. Wynn Capital LLC boosted its holdings in shares of Procter & Gamble by 7.2% in the 2nd quarter. Wynn Capital LLC now owns 6,181 shares of the company’s stock valued at $906,000 after buying an additional 415 shares during the last quarter. Renaissance Investment Group LLC boosted its holdings in shares of Procter & Gamble by 8.9% in the 2nd quarter. Renaissance Investment Group LLC now owns 3,095 shares of the company’s stock valued at $454,000 after buying an additional 254 shares during the last quarter. Elmwood Wealth Management Inc. grew its stake in shares of Procter & Gamble by 4.7% in the second quarter. Elmwood Wealth Management Inc. now owns 8,578 shares of the company’s stock valued at $1,258,000 after buying an additional 382 shares in the last quarter. Finally, Elevation Wealth Partners LLC increased its holdings in Procter & Gamble by 21.6% during the second quarter. Elevation Wealth Partners LLC now owns 2,058 shares of the company’s stock worth $302,000 after buying an additional 366 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.
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.
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