Momentum Is Strong For Procter & Gamble Co. (NYSE: PG)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Earlier, Yahoo Finance discussed this stock as it revealed Bounty Paper Towels Brings the Wings and Tackles the Mess at Radio Row Ahead of Super Bowl LVIII.

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Stocks Info

This NYSE-listed company operates within the Household & Personal Products industry segment, falling under the Consumer Defensive sector. At the end of the last regular session, the stock closed at $158.96 and fluctuated between $159.07 as its day high and $157.87 as its day low. The current market capitalization of Procter & Gamble Co. is $374.04B. A total of 5.82 million shares were traded on the day, compared to an average of 7.46M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, PG has seen 2 BUY and 3 SELL insider trades, representing the acquisition of 23,783 and the disposition of 23,949 shares. Over the last 12 months, there were 72 BUYs and 67 SELLs from insiders. Insiders purchased 487,445 shares during that period but sold 433,482.

In the most recent transaction, Francisco Ma. Fatima sold 45,000 shares of PG for 156.00 per share on Jan 29. After the transaction, the CEO – Baby, Fem & Family Care now owns 973 company shares. In a previous transaction on Jan 25, Jejurikar Shailesh sold 31,275 shares at 154.90 per share. PG shares that Chief Operating Officer owns now total 9,623.

Among the insiders who sold shares, Purushothaman Balaji disposed of 14,000 shares on Jan 25 at a per-share price of $154.61. This resulted in the Chief Human Resources Officer holding 11,478 shares of PG after the transaction. In another insider transaction, Pritchard Marc S. sold 101,704 shares at $153.57 per share on Jan 24. Company shares held by the Chief Brand Officer now total 163,428.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Procter & Gamble Co. pays an annual dividend of $3.82, resulting in a dividend yield of 2.41%, and it has a price to earnings (P/E) ratio of 26.62. PG’s most recent ex-dividend date was 1/18/2024 when it declared a $0.9407 quarterly dividend that was paid in cash on 2/15/2024. Previously, the company paid the dividend on 11/15/2023 with an ex-dividend date of 10/19/2023. The PG stock dividend was $0.9407 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for PG in the last 3 months, the mean price target is $169.28 with high estimates of $178.00 and low estimates of $156.00. In terms of 52-week highs and lows, PG has a high of $159.60 and a low of $135.83.

As of this writing, PG has an earnings estimate of $Simon Property Group, Inc. per share for the current quarter. EPS was calculated based on a consensus of Procter & Gamble Company (The) estimates, with a high estimate of $Dorian LPG Ltd. per share and a lower estimate of $Philip Morris International Inc.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. PG’s latest balance sheet shows that the firm has $7.21B in Cash & Short Term Investments as of fiscal 2022. There were $32.29B in debt and $33.08B in liabilities at the time. Its Book Value Per Share was $20.28, while its Total Shareholder’s Equity was $46.85B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PG is Buy with a score of 4.26.

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