Procter & Gamble Co (NYSE:PG) shares traded 1.47% higher at $169.54 on Wall Street last session.
PG stock price is now -0.45% away from the 50-day moving average and 2.36% away from the 200-day moving average. The market capitalization of the company currently stands at $405.15B.
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 $159, DA Davidson recently initiated with Neutral rating for Procter & Gamble Co (NYSE: PG). On September 30, 2024, Barclays Downgraded its previous ‘Overweight’ rating to ‘Equal Weight’ on the stock keeping its target price maintained at $163, while ‘Piper Sandler’ rates the stock as ‘Neutral’
In other news, Purushothaman Balaji, Chief Human Resources Officer sold 12,800 shares of the company’s stock on Oct 24 ’24. The stock was sold for $2,163,008 at an average price of $168.99. Upon completion of the transaction, the Chief Human Resources Officer now directly owns 11,566 shares in the company, valued at $1.96 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 25 ’24, Officer Whaley Susan Street bought 766 shares of the business’s stock. A total of $129,799 was incurred on buying the stock at an average price of $169.45. 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 $142.50 and a high of $177.94. As of last week, the company has a debt-to-equity ratio of 0.70, a current ratio of 0.75, and a quick ratio of 0.55. According to the stock market information, the enterprise value for the company is $424361787392, which is based on a 29.24 price-to-earnings ratio, a 4.34 price-to-earnings-growth ratio, and a beta of 0.42. The fifty day moving average price for PG is $170.3114 and a two-hundred day moving average price translates $165.63315 for the stock.
The latest earnings results from Procter & Gamble Co (NYSE: PG) was released for 2024-09-30. The net profit margin was 16.72% and return on equity was 28.77% for PG. The company reported revenue of $21.74 billion for the quarter, compared to $21.87 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.61 percent.
