In today’s recent session, 2.9 million shares of the Procter & Gamble Co. (NYSE:PG) have been traded, and its beta is 0.41. Most recently the company’s share price was $168.74, and it changed around $0.58 or 0.35% from the last close, which brings the market valuation of the company to $396.50B. PG at last check was trading at a discount to its 52-week high of $177.94, offering almost -5.45% off that amount. The share price’s 52-week low was $141.60, which indicates that the recent value has risen by an impressive 16.08% since then. We note from Procter & Gamble Co.’s average daily trading volume that its 10-day average is 6.27 million shares, with the 3-month average coming to 6.91 million.
Procter & Gamble Co. stock received a consensus recommendation rating of Hold, based on a mean score of 1.96. If we narrow it down even further, the data shows that 2 out of 22 analysts rate the stock as a Sell; another 6 rate it as Overweight. Among the rest, 10 recommended PG as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight. Procter & Gamble Co. is expected to report earnings per share of 1.9 for the current quarter.
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Procter & Gamble Co. (NYSE:PG) trade information
Instantly PG has been showing a green trend so far today with a performance of 0.35% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 171.37 on recent trading dayincreased the stock’s daily price by 1.53%. The company’s shares are currently up 15.15% year-to-date, but still down -1.85% over the last five days. On the other hand, Procter & Gamble Co. (NYSE:PG) is -5.09% down in the 30-day period. We can see from the shorts that 20.8 million shares have been sold at a short interest cover period of 3.63 day(s).
The consensus price target as assigned by Wall Street analysts is $163.5, which translates to bulls needing to decrease their stock price by -3.2% from its current value. Analyst projections state that PG is forecast to be at a low of $40 and a high of $192.
Procter & Gamble Co. (PG) estimates and forecasts
Procter & Gamble Co. 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 7.32 percent over the past six months and at a 5.77% annual growth rate that is well below the industry average of 7.90%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 3.80% in revenue this quarter, and will report an increase of 6.00% in the next quarter. The year-over-year growth rate is expected to be 2.60%, up from the previous year.
Consensus estimates provided by 15 financial analysts predict the company will bring in an average of 21.98B in revenue for the current quarter. 15 analysts expect Procter & Gamble Co. to make 21.92B in revenue for the current ending quarter. Analysts predict that the company’s current quarter sales will jump, forecast at 11.10%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 33.30%. Procter & Gamble Co. earnings are expected to increase by 5.68% in 2024, but the outlook is positive 6.87% per year for the next five years.
PG Dividends
Procter & Gamble Co.’s next quarterly earnings report is expected to be released on 2024-Oct-18. The annual dividend yield of the stock is 2.31 percent and its annual dividend per share was 3.89. It is important to note, however, that the 2.31% 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 average dividend yield for the past five years averaged 2.41 per year.
Procter & Gamble Co. (NYSE:PG)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.05% of Procter & Gamble Co. shares, and 69.24% of them are in the hands of institutional investors. The stock currently has a share float of 69.28%. Procter & Gamble Co. stock is held by 4526.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 9.5729% of the shares, which is about 225.97 million shares worth $37.27 billion.
BLACKROCK INC., with 6.7412% or 159.13 million shares worth $26.24 billion as of 2024-06-30, 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 Jun 30, 2024. The former held 74.57 shares worth $12.59 billion, making up 3.16% of all outstanding shares. On the other hand, Vanguard 500 Index Fund held roughly 60.57 shares worth around $10.23 billion, which represents about 2.57% of the total shares outstanding.
