The Procter & Gamble Company (NYSE:PG) finished Thursday with a subtraction of -$0.71 to close at $152.54, a downside of -0.46 percent. An average of 4,552,080 shares of common stock have been traded in the last five days. There was a gain of $0.43 in the past week, and it reached a new high 17 times over the past 12 months. The last 20 days have seen an average of 5,361,985 shares traded, while the 50-day average volume stands at 6,164,404.
PG stock has decreased by -0.91% in the last month. The company shares reached their 1-month lowest point of $150.93 on 08/22/23. With the stock rallying to its 52-week high on 08/10/23, shares of the company touched a low of $122.18 and a high of $158.38 in 52 weeks. It has reached a new high 6 times so far this year and achieved 0.65% or $0.98 in price. In spite of this, the price is down -3.69% from the 52-week high.
Insider Transactions
PG stock investors should be aware that The Procter & Gamble Company (PG) stock had its last reported insider trading activity 2 days ago on Aug 23. In this transaction, the insider spent $119,352. CEO – Grooming, Coombe Gary A, disposed of 8,609 shares at a price of $151.58 on Aug 18. The insider now owns more than $1,304,952 worth of shares. Prior to that, Chairman, President and CEO Moeller Jon R went on to Sale 19,822 shares at $152.85 each on Aug 17. An amount of $3,029,715 was transacted.
Valuation Metrics
The Procter & Gamble Company (PG) has a trailing price-to-earnings (P/E) ratio of 25.86. The stock’s beta is 0.41. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.37, the price-to-book (PB) ratio at 7.84, and the price-to-cash flow ratio at 26.01.
The company has a payout ratio of 60.70%. The company’s most recent quarterly dividend payment was $0.9407 a share, without any change from last year. Its latest increase dividend $0.0274 reported on Tuesday April 11 2023.
Financial Health
The quick ratio of The Procter & Gamble Company for the three months ended June 29 was 0.40, and the current ratio was 0.60, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.53 and a total debt to equity ratio of 0.75 for the quarter ending June 29. The Procter & Gamble Company’s EBITDA margin for the year ending June 29 is 25.42%, while its operating margin for the same period stands at 22.10%. Its gross profit as reported stood at $39.25 billion compared to revenue of $82.01 billion.
Earnings Surprise
For the three-month period that ended June 29, The Procter & Gamble Company had $24.38 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $3.38 billion in the quarter, while revenues of $3.4 billion were grew 9.81%. The analyst consensus anticipated The Procter & Gamble Company’s latest quarter earnings to come in at $1.32 per share, but it turned out to be $1.37, a 3.80% surprise. For the quarter, EBITDA amounted to $4.87 billion. Shareholders own equity worth $2.36 billion.
Technical Picture
From a technical analysis perspective, let’s take a brief look at The Procter & Gamble Company (PG) price momentum. RSI 9-day as of the close on 24 August was 42.11%, suggesting the stock is Neutral, with historical volatility in this time frame at 8.93%.
As of today, PG’s price is $152.39 +0.28% or $0.43 from its 5-day moving average. PG is currently trading +0.28% higher than its 20-day SMA and +2.59% higher than its 100-day SMA. However, the stock’s current price level is +5.16% above the SMA50 and +13.46% above the SMA200.
The stochastic %K and %D were 21.61% and 17.31%, respectively, and the average true range (ATR) was 1.87. With the 14-day stochastic at 21.61% and the average true range at 1.93, the RSI (14) stands at 46.11%. The stock has reached -0.55 on the 9-day MACD Oscillator while the 14-day reading was at -1.88.
Analyst Ratings
Truist downgraded The Procter & Gamble Company (NYSE: PG) to a a Hold rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for The Procter & Gamble Company (PG) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell PG, while 9 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 12 others rate it as a “buy”.
What is PG’s price target for the next 12 months?
Analysts predict a range of price targets between $143.00 and $179.00, with a median target of $170.00. Taking a look at these predictions, the average price target given by analysts for The Procter & Gamble Company (PG) stock is $168.06.
