The stock of Procter & Gamble Co. (NYSE:PG) last traded at $175.88, down -0.77% from the previous session.
PG stock price is now 3.77% away from the 50-day moving average and 9.14% away from the 200-day moving average. The market capitalization of the company currently stands at $413.27B.
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With the price target maintained at $190, DZ Bank recently Upgraded its rating from Hold to Buy for Procter & Gamble Co. (NYSE: PG). On July 24, 2024, Jefferies Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock reducing its target price from $182 to quote $175, while ‘TD Cowen’ rates the stock as ‘Buy’
In other news, Moeller Jon R, Chairman, President and CEO sold 37,240 shares of the company’s stock on Aug 28 ’24. The stock was sold for $6,289,642 at an average price of $168.89. Upon completion of the transaction, the Chairman, President and CEO now directly owns 263,537 shares in the company, valued at $46.35 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 26 ’24, Chairman, President and CEO Moeller Jon R sold 87,979 shares of the business’s stock. A total of $14,991,815 was realized by selling the stock at an average price of $170.40. This leaves the insider owning 300,777 shares of the company worth $52.9 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 $177.94. As of last week, the company has a debt-to-equity ratio of 0.66, a current ratio of 0.73, and a quick ratio of 0.53. According to the stock market information, the enterprise value for the company is $439343480832, which is based on a 29.22 price-to-earnings ratio, a 4.32 price-to-earnings-growth ratio, and a beta of 0.40. The fifty day moving average price for PG is $169.6754 and a two-hundred day moving average price translates $161.2732 for the stock.
The latest earnings results from Procter & Gamble Co. (NYSE: PG) was released for 2024-06-30. The net profit margin was 17.37% and return on equity was 30.66% for PG. The company reported revenue of $20.53 billion for the quarter, compared to $20.55 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.1 percent.
