In yesterday’s Wall Street session, Procter & Gamble Co. (NYSE:PG) shares traded at $165.21, up 0.84% from the previous session.
PG stock price is now -0.18% away from the 50-day moving average and 5.93% away from the 200-day moving average. The market capitalization of the company currently stands at $389.92B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target of $187, Exane BNP Paribas recently initiated with Outperform rating for Procter & Gamble Co. (NYSE: PG). On March 11, 2024, Truist Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock increasing its target price from $160 to quote $175, while ‘Goldman’ rates the stock as ‘Neutral’
In other news, Raman Sundar G., CEO-Fabric & Home Care sold 31,924 shares of the company’s stock on May 20 ’24. The stock was sold for $5,329,788 at an average price of $166.95. Upon completion of the transaction, the CEO-Fabric & Home Care now directly owns 19,042 shares in the company, valued at $3.15 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 16 ’24, Chf Rsch, Dev & Innov Officer Aguilar Moses Victor Javier sold 9,149 shares of the business’s stock. A total of $1,534,449 was realized by selling the stock at an average price of $167.72. This leaves the insider owning 12,929 shares of the company worth $2.14 million. A total of 0.06% of the company’s stock is owned by insiders.
During the past 12 months, Procter & Gamble Co. has had a low of $141.45 and a high of $169.41. As of last week, the company has a debt-to-equity ratio of 0.64, a current ratio of 0.69, and a quick ratio of 0.48. According to the stock market information, the enterprise value for the company is $416147963904, which is based on a 27.01 price-to-earnings ratio, a 3.40 price-to-earnings-growth ratio, and a beta of 0.40. The fifty day moving average price for PG is $165.5872 and a two-hundred day moving average price translates $156.01585 for the stock.
The latest earnings results from Procter & Gamble Co. (NYSE: PG) was released for 2024-03-31. The net profit margin was 17.66% and return on equity was 31.78% for PG. The company reported revenue of $20.2 billion for the quarter, compared to $20.07 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.63 percent.
