The stock of The Procter & Gamble Company (NYSE:PG) decreased by -$1.23 on Monday to finish at $155.79, down -0.78 percent. The last five days have seen an average of 4,277,280 shares of common stock traded. 6 times new highs were reached in the current year, with a gain of $4.23. The average number of shares traded over the last 20 days was 5,918,140, while the average volume over the last 50 days totaled 6,171,612.
PG stock appreciated 3.83% since last month. On 07/20/23, the company’s shares reached a one-month low of $148.14. The stock touched a high of $158.38 on 08/10/23, after rallying from a low of $122.18 in 52 weeks. The price of PG stock has risen by 2.79% or $4.23 this year, reaching a new high 6 times. Still, the stock price is down -1.64% from the 52-week high.
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Insider Transactions
PG stock investors should be aware that The Procter & Gamble Company (PG) stock had its last reported insider trading activity 6 days ago on Aug 09. On Aug 09, CEO – Baby, Fem & Family Care Francisco Ma. Fatima sold 30,000 shares at $158.01 each. This transaction resulted in the insider making $4,740,363. On Aug 03, Purushothaman Balaji sold 12,629 shares at a price of US$157.19. After the transaction, the insider now owns 13,051 shares. SVP – Chief Accounting Officer Janzaruk Matthew W. had earlier sold 33,022 shares on Aug 01 for $156.26 a share. The transaction was completed for $5,160,018.
Valuation Metrics
The Procter & Gamble Company (PG) has a trailing price-to-earnings (P/E) ratio of 26.41. Beta for the stock is 0.41. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 4.45, the price-to-book (PB) ratio of 8.01, and the price-to-cash flow ratio of 26.48.
Company paid $0.9407 per share in dividends, remained unchanged from $0.9407 last year. A $0.0274 dividend increase was reported on Tuesday April 11 2023.
Financial Health
For the three months ended June 29, The Procter & Gamble Company’s quick ratio was 0.40, while its current ratio was 0.60, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.53, and the total debt to equity ratio is 0.75. As far as profitability goes, gross margin for the trailing twelve months is 47.90% percent. The Procter & Gamble Company’s EBITDA margin for the year ended June 29 was 25.42%, whereas its operating margin stood at 22.10% for the same period. Based on annual data, it had gross profit of $39.25 billion and revenue of $82.01 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. PG’s return on assets (ROA) during the last 12 months has been 12.10%. There was a 18.00% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 32.50%.
Earnings Surprise
According to The Procter & Gamble Company’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $20.55 billion, while revenues rose by 5.05% to $20.07 billion. It was predicted that The Procter & Gamble Company’s quarterly earnings would be $1.37, but it ended up being $1.32, beating the consensus by 3.80%. EBITDA was $4.87 billion for the quarter. At the end of The Procter & Gamble Company’s most recent quarter ended June 29, its liabilities totaled 73.76 billion, while its total debt was $35.42 billion. Equity owned by shareholders amounts to $2.36 billion.
Technical Picture
Here’s a quick look at The Procter & Gamble Company’s (PG) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 54.15%, suggesting the stock is Neutral, with a 10.11% historical volatility rate.
The stochastic %K and %D were 67.93% and 74.82% respectively, while the average true range (ATR) was 2.01. Based on the 14-day stochastic reading of 59.94%, the RSI (14) reading is 57.18%. On the 9-day MACD Oscillator, the stock is at -0.21, and the 14-day reading is at 0.33.
Analyst Ratings
The Procter & Gamble Company (NYSE: PG) was downgraded by Truist to a a Hold rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned The Procter & Gamble Company (PG) an Overweight rating. PG is a stock that is recommended for selling by 0 brokerage firms, while 8 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 11 others recommend it as a buy.
What is PG’s price target for the next 12 months?
The current consensus forecast for the stock is between $143.00 and $179.00, with a median target price of $170.00. In analyzing these forecasts, the average price target given by analysts for The Procter & Gamble Company (PG) is $167.95.
