In the last trading session, 6.11 million shares of the The Procter & Gamble Company (NYSE:PG) were traded, and its beta was 0.40. Most recently the company’s share price was $147.55, and it changed around -$1.61 or -1.08% from the last close, which brings the market valuation of the company to $346.32B. PG currently trades at a discount to its 52-week high of $158.11, offering almost -7.16% off that amount. The share price’s 52-week low was $122.18, which indicates that the current value has risen by an impressive 17.19% since then. We note from The Procter & Gamble Company’s average daily trading volume that its 10-day average is 5.45 million shares, with the 3-month average coming to 6.06 million.
The Procter & Gamble Company stock received a consensus recommendation rating of an Overweight, based on a mean score of 2.30. If we narrow it down even further, the data shows that 0 out of 26 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 9 recommended PG as a Hold, whereas 13 deemed it a Buy, and 1 rated it as Underweight. The Procter & Gamble Company is expected to report earnings per share of $1.32 for the current quarter.
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The Procter & Gamble Company (NYSE:PG) trade information
Instantly PG has showed a red trend with a performance of -1.08% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 156.56 on Tuesday, 05/23/23 increased the stock’s daily price by 5.75%. The company’s shares are currently down -2.65% year-to-date, but still down -5.26% over the last five days. On the other hand, The Procter & Gamble Company (NYSE:PG) is -5.63% down in the 30-day period. We can see from the shorts that 15.75 million shares have been sold at a short interest cover period of 2.65 day(s).
The consensus price target as assigned by Wall Street analysts is $166.51, which translates to bulls needing to increase their stock price by 11.39% from its current value. Analyst projections state that PG is forecast to be at a low of $142.00 and a high of $180.00. In order for the stock price to hit the forecast high, the stock would need to plunge -21.99% from its current level, while the stock would need to crash 3.76% from its current level to reach the projected low.
The Procter & Gamble Company (PG) estimates and forecasts
The Procter & Gamble Company share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 3.49 percent over the past six months and at a 0.86% annual growth rate that is well below the industry average of 2.60%. Moreover, analysts have decided to roll up on their fiscal year 2023 revenue estimates. The rating firms predict that it will gain 9.10% in revenue this quarter, and will report an increase of 8.30% in the next quarter. The year-over-year growth rate is expected to be 1.60%, up from the previous year.
Consensus estimates provided by 13 financial analysts predict the company will bring in an average of $19.97 billion in revenue for the current quarter. 10 analysts expect The Procter & Gamble Company to make $21.56 billion in revenue for the quarter ending Sep 2023. The company’s sales for the same quarters a year ago were $19.52 billion and $20.33 billion respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 2.30%. Forecasts for the next quarter put sales growth at 6.00%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 9.50%. The Procter & Gamble Company earnings are expected to increase by 5.60% in 2023, but the outlook is positive 5.38% per year for the next five years.
The Procter & Gamble Company’s next quarterly earnings report is expected to be released on July 28. The annual dividend yield of the stock is 2.55 percent and its annual dividend per share was 3.76. It is important to note, however, that the 2.55% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
The Procter & Gamble Company (NYSE:PG)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.12% of The Procter & Gamble Company shares, and 66.17% of them are in the hands of institutional investors. The stock currently has a share float of 66.25%. The Procter & Gamble Company stock is held by 4,200 institutions, with Vanguard Group, Inc. (The) being the largest institutional investor. By Mar 30, 2023, it held 9.56% of the shares, which is about 225.44 million shares worth $33.52 billion.
Blackrock Inc., with 6.87% or 161.84 million shares worth $24.06 billion as of Mar 30, 2023, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund were the top two Mutual Funds as of Dec 30, 2022. The former held 72.03 million shares worth $10.92 billion, making up 3.06% of all outstanding shares. On the other hand, Vanguard 500 Index Fund held roughly 54.78 million shares worth around $8.3 billion, which represents about 2.32% of the total shares outstanding.