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

Shares of Procter & Gamble Company (The) (NYSE:PGGet Free Report) traded up 1.4% on Wednesday after the company announced a dividend. The company traded as high as $146.90 and last traded at $146.2970. 13,469,081 shares were traded during trading, an increase of 17% from the average session 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 given a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Friday, January 23rd. Procter & Gamble’s dividend payout ratio (DPR) is currently 61.61%.

Wall Street Analyst Weigh In

Several research analysts have commented on PG shares. Berenberg Bank lifted their target price on Procter & Gamble from $152.00 to $154.00 and gave the stock a “hold” rating in a report on Wednesday, September 17th. Wells Fargo & Company lowered their price objective on Procter & Gamble from $170.00 to $158.00 and set an “overweight” rating for the company in a research report on Monday, January 5th. JPMorgan Chase & Co. decreased their target price on shares of Procter & Gamble from $165.00 to $157.00 and set a “neutral” rating for the company in a research report on Thursday, December 18th. Jefferies Financial Group raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and increased their target price for the company from $156.00 to $179.00 in a research report on Tuesday, December 16th. Finally, Barclays reduced their price objective on shares of Procter & Gamble from $153.00 to $151.00 and set an “equal weight” rating on the stock in a research note on Monday, December 8th. Fifteen analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus target price of $168.55.

Get Our Latest Stock Report on Procter & Gamble

Procter & Gamble Trading Up 1.4%

The business has a 50 day moving average of $144.79 and a two-hundred day moving average of $151.23. The firm has a market capitalization of $341.86 billion, a price-to-earnings 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 quick ratio of 0.51 and a current ratio of 0.71.

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

More Procter & Gamble News

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

Insider Activity at Procter & Gamble

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 sale, the chief accounting officer owned 979 shares in the company, valued at $146,429.03. This represents a 42.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.20% of the stock is currently owned by insiders.

Institutional Trading of Procter & Gamble

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in Procter & Gamble by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 234,630,605 shares of the company’s stock worth $36,050,992,000 after purchasing an additional 1,419,322 shares during the period. State Street Corp grew its holdings in shares of Procter & Gamble by 0.4% in the third quarter. State Street Corp now owns 100,634,824 shares of the company’s stock worth $15,462,541,000 after purchasing an additional 370,872 shares during the last quarter. Kingstone Capital Partners Texas LLC increased its stake in shares of Procter & Gamble by 655,209.0% in the second quarter. Kingstone Capital Partners Texas LLC now owns 76,028,952 shares of the company’s stock worth $11,832,680,000 after buying an additional 76,017,350 shares during the period. 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 last quarter. Finally, Norges Bank purchased a new stake in Procter & Gamble during the 2nd quarter valued at $5,099,644,000. 65.77% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Company Profile

(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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