The Procter & Gamble Company (NYSE:PG) does about 6.78M shares in volume on a normal day but saw 5597152 shares change hands in Monday trading. The company now has a market cap of 342.51B USD and an enterprise value of about $363.69B. Its current market price is $138.33, marking a decrease of -0.32% compared to the previous close of $138.77. The 52 week high reached by this stock is $139.69 whilst the lowest price level in 52 weeks is $94.34. The script in recent trading has seen the stock touch a high of $138.73 and a low of $137.82.
The Procter & Gamble Company (PG) has a 20-day trading average at $136.02 and the current price is -0.97% off the 52-week high compared with 46.63% distance from its 52-week low. The 50-day simple moving average of the closing price is $128.51 and its 200-day simple moving average is $121.72. If we look at the stock’s price movements over the week, volatility stands at 0.99%, which increases to 1.15% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 72.89 to suggest the stock is overbought.
The consensus objective for the share price is $129.64, suggesting that the stock has a potential downside of -6.7% over the period. The median price target is 3.27% away from the current levels at $143.00.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on March 30, 2020 when Jefferies upgraded the stock to “Buy” and issued a price target of between $130 and $128. Stifel also upgraded the stock to “Buy” from Hold on March 27, 2020 at a price target of $119-$117. Argus upgraded its price target at $120.
The current price level is 1.96%, 7.96%, and 13.73% away from its SMA20, SMA50, and SMA200 respectively, with the PG price moving above the 50-day SMA on August 31. The Procter & Gamble Company (PG) stock is down -0.13% over the week and 5.50% over the past month. Its price is 10.75% year-to-date and 15.05% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/29/2020, with the company’s earnings per share (EPS) of $1.16 above consensus estimates by $0.15. PG’s earnings per share are forecast to grow by 5.30% this year and 6.90% over next year. Expected sales for next quarter are $18.91 billion, which analysts say will come at $72.86 billion for the current fiscal year and next year at $75.46 billion. In addition, estimates put the company’s current quarterly revenue at an average of $18.26 billion.
To reach the target analysts have set, the stock logically needs to shrink -6.7 percent from here.
Outstanding shares total 2.48B with insiders holding 0.11% of the shares and institutional holders owning 65.03% of the company’s common stock. The company has a return on investment of 16.10% and return on equity of 28.30%. The price to earnings ratio (P/E ratio) amounts to 27.90 while the forward price to earnings ratio is 24.02. The beta has a value of 0.41. Price to book ratio is 7.52 and price to sales ratio is 4.83.
According to a U.S. Securities and Exchange Commission filing, Vanguard Total Stock Market Index has reduced its position in The Procter & Gamble Company (PG) to 70,381,116 shares, mirroring a recent drop by -0.26%. Vanguard Total Stock Market Index dumped -0.19 million shares of The Procter & Gamble Company common stock bringing its total worth to about $9.23 billion at the end of recent close, SEC documents show. Vanguard Total Stock Market Index isn’t the only investment manager who changed stakes and is followed by Vanguard 500 Index Fund, which sold off -0.31 million shares to end up with 51,051,170 shares worth $6.69 billion. SPDR S&P 500 ETF raise their holdings by 0.20% in the company over the course of the most recent quarter. It now holds a 1.07% position in The Procter & Gamble Company thanks to 26.55 million shares amounting to $3.48 billion.