During the last session, Procter & Gamble Co. (NYSE:PG)’s traded shares were 10.84 million, with the beta value of the company hitting 0.43. At the end of the trading day, the stock’s price was $161.38, reflecting an intraday loss of -0.07% or -$0.12. The 52-week high for the PG share is $162.73, that puts it down -0.84 from that peak though still a striking 13.99% gain since the share price plummeted to a 52-week low of $138.81. The company’s market capitalization is $379.73B, and the average intraday trading volume over the past 10 days was 4.91 million shares, and the average trade volume was 6.88 million shares over the past three months.
Procter & Gamble Co. (NYSE:PG) trade information
Procter & Gamble Co. (PG) registered a -0.07% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -0.07% in intraday trading to $161.38, hitting a weekly high. The stock’s 5-day price performance is 0.64%, and it has moved by 3.69% in 30 days. Based on these gigs, the overall price performance for the year is 13.78%. The short interest in Procter & Gamble Co. (NYSE:PG) is 17.9 million shares and it means that shorts have 2.74 day(s) to cover.
Procter & Gamble Co. (PG) estimates and forecasts
Statistics show that Procter & Gamble Co. has outperformed its competitors in share price, compared to the industry in which it operates. Procter & Gamble Co. (PG) shares have gone up 4.27% during the last six months, with a year-to-date growth rate more than the industry average at 9.32% against 6.50. In the rating firms’ projections, revenue will increase 3.40% compared to the previous financial year.
Revenue for the current quarter is expected to be $20.44 billion as predicted by 15 analyst(s). Meanwhile, a consensus of 15 analyst(s) estimates revenue growth to $20.97 billion by the end of Jun 2024.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 9.96%. While earnings are projected to return 9.34% in 2024, the next five years will return 8.05% per annum.
PG Dividends
Procter & Gamble Co. is due to release its next quarterly earnings on April 18. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Procter & Gamble Co. is 3.76, with the dividend yield indicating at 2.33 percent, continuing the trend of increasing dividends in recent years.
Procter & Gamble Co. (NYSE:PG)’s Major holders
Procter & Gamble Co. insiders own 0.09% of total outstanding shares while institutional holders control 67.63%, with the float percentage being 67.69%. Vanguard Group Inc is the largest shareholder of the company, while 4,419 institutions own stock in it. As of Jun 29, 2023, the company held over 224.95 million shares (or 9.54% of all shares), a total value of $34.13 billion in shares.
The next largest institutional holding, with 158.34 million shares, is of Blackrock Inc.’s that is approximately 6.72% of outstanding shares. At the market price on Jun 29, 2023, these shares were valued at $24.03 billion.
Also, the Mutual Funds coming in first place with the largest holdings of Procter & Gamble Co. (PG) shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. Data provided on Jun 29, 2023 indicates that Vanguard Total Stock Market Index Fund owns about 73.5 million shares. This amounts to just over 3.12 percent of the company’s overall shares, with a $11.15 billion market value. The same data shows that the other fund manager holds slightly less at 56.12 million, or about 2.38% of the stock, which is worth about $8.52 billion.
