Procter & Gamble Co. (NYSE: PG) is 10.50% higher on its value in year-to-date trading and has touched a low of $137.04 and a high of $162.62 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PG stock was last observed hovering at around $161.55 in the last trading session, with the day’s gains setting it 0.38%.
Currently trading at $161.93, the stock is 1.77% and 4.36% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.23 million and changing 0.24% at the moment leaves the stock 7.09% off its SMA200. PG registered 18.03% gain for a year compared to 6-month gain of 4.64%. The firm has a 50-day simple moving average (SMA 50) of $4.86 and a 200-day simple moving average (SMA200) of $18.06.
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The stock witnessed a 2.86% loss in the last 1 month and extending the period to 3 months gives it a 11.56%, and is 1.64% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.07% over the week and 1.07% over the month.
Procter & Gamble Co. (PG) has around 107000 employees, a market worth around $381.02B and $83.93B in sales. Current P/E ratio is 27.12 and Fwd P/E is 23.26. Profit margin for the company is 17.26%. Distance from 52-week low is 18.16% and -0.42% from its 52-week high. The company has generated returns on investments over the last 12 months (20.23%).
Procter & Gamble Co. quarterly earnings per share for the current quarter are estimated at $1.41 with sales reaching $20.44B over the same period.The EPS is expected to grow by 9.34% this year, but quarterly earnings will post 3.40% year-over-year.
Procter & Gamble Co. (PG) Top Institutional Holders
4,412 institutions hold shares in Procter & Gamble Co. (PG), with institutional investors hold 67.66% of the company’s shares. The shares outstanding are 2.36B, and float is at 2.35B with Short Float at 0.76%. Institutions hold 67.60% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 224.95 million shares valued at $34.13 billion. The investor’s holdings represent 9.54% of the PG Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 158.34 million shares valued at $24.03 billion to account for 6.72% of the shares outstanding. The other top investors are State Street Corporation which holds 103.1 million shares representing 4.37% and valued at over $15.65 billion, while Geode Capital Management, LLC holds 1.91% of the shares totaling 45.12 million with a market value of $6.85 billion.
Procter & Gamble Co. (PG) Insider Activity
The most recent transaction is an insider sale by Keith R. Alexandra,the company’sCEO – Beauty. SEC filings show that Keith R. Alexandra sold 776 shares of the company’s common stock on Mar 04 ’24 at a price of $158.11 per share for a total of $0.12 million. Following the sale, the insider now owns 4859.0 shares.
Procter & Gamble Co. disclosed in a document filed with the SEC on Feb 23 ’24 that Coombe Gary A (CEO – Grooming) sold a total of 22,000 shares of the company’s common stock. The trade occurred on Feb 23 ’24 and was made at $161.32 per share for $3.55 million. Following the transaction, the insider now directly holds 36845.0 shares of the PG stock.
Still, SEC filings show that on Feb 23 ’24, Francisco Ma. Fatima (CEO – Baby, Fem & Family Care) disposed off 20,323 shares at an average price of $161.00 for $3.27 million. The insider now directly holds 979 shares of Procter & Gamble Co. (PG).
