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

Procter & Gamble Company (The) (NYSE:PGGet Free Report) shares rose 1.4% during trading on Wednesday after the company announced a dividend. The company traded as high as $146.90 and last traded at $146.2970. Approximately 13,469,081 shares were traded 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. Stockholders of record on Friday, January 23rd will be given a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Friday, January 23rd. Procter & Gamble’s payout ratio is 61.75%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on PG shares. Berenberg Bank raised their target price on shares of Procter & Gamble from $152.00 to $154.00 and gave the company a “hold” rating in a research note on Wednesday, September 17th. Barclays dropped their target price on Procter & Gamble from $153.00 to $151.00 and set an “equal weight” rating for the company in a report on Monday, December 8th. Weiss Ratings restated a “hold (c)” rating on shares of Procter & Gamble in a research report on Monday, December 29th. Jefferies Financial Group upgraded Procter & Gamble from a “hold” rating to a “buy” rating and upped their target price for the company from $156.00 to $179.00 in a report on Tuesday, December 16th. Finally, Wells Fargo & Company lowered their price objective on shares of Procter & Gamble from $170.00 to $158.00 and set an “overweight” rating for the company in a report on Monday, January 5th. Fifteen research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $168.55.

Read Our Latest Research Report on Procter & Gamble

Procter & Gamble Stock Performance

The firm has a market cap of $341.86 billion, a PE ratio of 21.36, a PEG ratio of 4.87 and a beta of 0.39. The business has a 50-day simple moving average of $144.80 and a 200 day simple moving average of $151.20. 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 issued its quarterly earnings results on Friday, October 24th. The company reported $1.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.09. Procter & Gamble had a return on equity of 32.63% and a net margin of 19.74%.The business had revenue of $22.39 billion during the quarter, compared to analyst estimates of $22.23 billion. During the same quarter in the prior year, the business posted $1.93 EPS. Procter & Gamble’s revenue for the quarter was up 3.0% compared to the same quarter last year. Procter & Gamble has set its FY 2026 guidance at 6.830-7.100 EPS. Equities research analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current year.

Key Stories Impacting Procter & Gamble

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

Insider Activity at Procter & Gamble

In other Procter & Gamble news, CAO Matthew W. Janzaruk sold 725 shares of the stock in a transaction dated Thursday, October 30th. The shares were sold at an average price of $149.57, for a total transaction of $108,438.25. Following the completion of the transaction, the chief accounting officer owned 979 shares of the company’s stock, valued at $146,429.03. This represents a 42.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of PG. Brighton Jones LLC boosted its holdings in Procter & Gamble by 51.5% in the fourth quarter. Brighton Jones LLC now owns 40,068 shares of the company’s stock worth $6,717,000 after acquiring an additional 13,617 shares in the last quarter. Taylor Financial Group Inc. lifted its position in Procter & Gamble by 10.6% during the 1st quarter. Taylor Financial Group Inc. now owns 2,891 shares of the company’s stock worth $493,000 after acquiring an additional 277 shares during the period. Range Financial Group LLC grew its stake in Procter & Gamble by 9.6% during the 2nd quarter. Range Financial Group LLC now owns 2,520 shares of the company’s stock valued at $402,000 after purchasing an additional 220 shares during the last quarter. Fiduciary Alliance LLC increased its holdings in shares of Procter & Gamble by 9.2% in the second quarter. Fiduciary Alliance LLC now owns 14,854 shares of the company’s stock valued at $2,367,000 after purchasing an additional 1,248 shares during the period. Finally, New England Research & Management Inc. raised its stake in shares of Procter & Gamble by 4.6% in the second quarter. New England Research & Management Inc. now owns 8,420 shares of the company’s stock worth $1,341,000 after purchasing an additional 371 shares during the last quarter. 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.

Further Reading

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