Procter & Gamble Co. (NYSE: PG) Shocks Wall Street This Week With A 0.83% Stock Price Incline

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Procter & Gamble Co. (NYSE:PG) has a beta value of 0.41 and has seen 5.62 million shares traded in the last trading session. The company, currently valued at $405.35B, closed the last trade at $172.51 per share which meant it gained $1.42 on the day or 0.83% during that session. The PG stock price is -3.15% off its 52-week high price of $177.94 and 17.88% above the 52-week low of $141.66. If we look at the company’s 10-day average daily trading volume, we find that it stood at 6.66 million shares traded. The 3-month trading volume is 7.02 million shares.

The consensus among analysts is that Procter & Gamble Co. (PG) is Buy stock at the moment, with a recommendation rating of 2.07. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 5 out of 18 have rated it as a Hold, with 13 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 1.9.

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Procter & Gamble Co. (NYSE:PG) trade information

Sporting 0.83% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the PG stock price touched $172.51 or saw a rise of 0.19%. Year-to-date, Procter & Gamble Co. shares have moved 17.72%, while the 5-day performance has seen it change 3.23%. Over the past 30 days, the shares of Procter & Gamble Co. (NYSE:PG) have changed -0.90%. Short interest in the company has seen 20.42 million shares shorted with days to cover at 2.68.

Wall Street analysts have a consensus price target for the stock at $163, which means that the shares’ value could drop -5.83% from current levels. The projected low price target is $40.0 while the price target rests at a high of $192.0. In that case, then, we find that the current price level is -11.3% off the targeted high while a plunge would see the stock lose 76.81% from current levels.

Procter & Gamble Co. (PG) estimates and forecasts

Figures show that Procter & Gamble Co. shares have underperformed across the wider relevant industry. The company’s shares have gained 10.97% over the past 6 months, with this year growth rate of 5.77%, compared to 7.90% for the industry. Revenue growth from the last financial year stood is estimated to be 2.50%.

16 analysts offering their estimates for the company have set an average revenue estimate of 21.96B for the current quarter. 16 have an estimated revenue figure of 21.87B for the next ending quarter.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 33.30% over the past 5 years. Earnings growth for 2024 is a modest 5.70% while over the next 5 years, the company’s earnings are expected to increase by 6.73%.

PG Dividends

Procter & Gamble Co. is expected to release its next earnings report in November this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 3.89 at a share yield of 2.26%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 2.41%.

Procter & Gamble Co. (NYSE:PG)’s Major holders

Insiders own 0.05% of the company shares, while shares held by institutions stand at 69.24% with a share float percentage of 69.28%. Investors are also buoyed by the number of investors in a company, with Procter & Gamble Co. having a total of 4532.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 225.97 million shares worth more than $37.27 billion. As of 2024-06-30, VANGUARD GROUP INC held 9.5729% of shares outstanding.

The other major institutional holder is BLACKROCK INC., with the holding of over 159.13 million shares as of 2024-06-30. The firm’s total holdings are worth over $26.24 billion and represent 6.7412% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund . As of Jun 30, 2024 , the former fund manager holds about 3.16% shares in the company for having 74.57 shares of worth $12.86 billion while later fund manager owns 60.57 shares of worth $10.45 billion as of Jun 30, 2024 , which makes it owner of about 2.57% of company’s outstanding stock.