Procter & Gamble (NYSE:PG) Stock Price Down 0% - Should You Sell?

On Friday, the stock price of Procter & Gamble Company (NYSE:PG) saw no change, trading down 0%. The stock dipped to a low of $170.12 before settling at $170.77. During the day's trading, a total of 781,439 shares exchanged hands, which is significantly lower, declining by 88% compared to the average trading volume of 6,673,486 shares. The previous closing price was recorded at $170.85.

Wall Street Analysts' Opinions

Several analysts have provided insights on Procter & Gamble's stock performance. Recently, Wells Fargo & Company raised their target price from $188.00 to $190.00, maintaining an "overweight" rating. Conversely, Barclays downgraded their rating from "overweight" to "equal weight" with a target price set at $163.00. Evercore ISI also increased their target price from $180.00 to $183.00, rating the stock as "outperform".

Morgan Stanley raised their price target from $174.00 to $191.00 while maintaining an "overweight" rating for the company. In another positive move, DZ Bank upgraded the stock from a "hold" rating to a "buy" with a price target of $190.00. In total, eight analysts have issued hold ratings, fourteen have given buy ratings, and two analysts have issued strong buy recommendations. As per MarketBeat, the overall consensus rating for Procter & Gamble stands at "Moderate Buy" with an average price target of $180.45.

Stock Performance Metrics

Procter & Gamble currently holds a debt-to-equity ratio of 0.50, with a quick ratio of 0.55 and a current ratio of 0.75. The company's market capitalization is valued at approximately $403.23 billion. It has a price-to-earnings ratio of 29.44 and a price-to-earnings-growth ratio of 3.69. Furthermore, the stock has a beta of 0.44. Its 50-day moving average price sits at $170.69, while the 200-day moving average stands at $169.51.

Recently, Procter & Gamble released their quarterly earnings report on October 18th, revealing earnings of $1.93 per share (EPS), surpassing analysts' expectations of $1.90 by $0.03. The company's return on equity was recorded at 33.25%, while the net margin stood at 17.07%. The revenue for this quarter was reported at $21.74 billion, slightly under analysts' estimates of $21.99 billion, marking a 0.6% decline compared to the same period last year. Expectations for the current fiscal year predict an EPS of 6.94 for the company.

Dividend Announcement

Procter & Gamble also announced a quarterly dividend that was paid out on November 15th. Shareholders on record by October 18th received a dividend of $1.0065 per share, translating to an annualized dividend of $4.03 and a dividend yield of 2.35%. The company's payout ratio stands at 69.48%.

Insider Trades

In other corporate news, insider Susan Street Whaley sold 634 shares of Procter & Gamble on October 2nd, receiving an average sale price of $171.65, totaling about $108,826. Following the sale, she retains 19,341 shares valued at around $3.32 million, reflecting a 3.17% reduction in her holdings. In a similar transaction, CEO Jon R. Moeller sold 7,007 shares on the same day for approximately $1.20 million, reducing his ownership by 2.54%, leaving him with 269,172 shares valued nearly at $46.20 million.

Institutional Investors’ Activity

Various institutional investors have recently adjusted their stakes in Procter & Gamble. Geode Capital Management LLC increased their position by 7.0% in the third quarter, now owning 55,204,776 shares valued at around $9.54 billion. FMR LLC also raised its stake by 2.7%, holding 26,556,319 shares worth approximately $4.60 billion. Other substantial shareholders include Legal & General Group Plc and Franklin Resources Inc., which also adjusted their holdings upward. Currently, institutional investors possess 65.77% of the company's stock.

Company Overview

The Procter & Gamble Company focuses on providing branded consumer packaged goods globally. The company operates through five segments: Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care. The Beauty segment features well-known brands such as Head & Shoulders, Olay, and Pantene, providing a wide range of personal care and grooming products.

Procter, Gamble, Stocks