93.50 +0.03 (0.03%)
After hours: 5:36PM EST
|Bid||93.47 x 800|
|Ask||93.50 x 1400|
|Day's Range||91.59 - 93.57|
|52 Week Range||70.73 - 93.57|
|Beta (3Y Monthly)||-0.08|
|PE Ratio (TTM)||24.42|
|Earnings Date||Jan 21, 2019 - Jan 25, 2019|
|Forward Dividend & Yield||2.87 (3.09%)|
|1y Target Est||89.22|
The bears are starting to gain control of the stock market, as investors once again gravitate to perceived safe-haven companies with decent dividend yields.
Procter & Gamble Co. stock hit a 52-week high Tuesday, rising to $93.57 before closing slightly lower. The Cincinnati based-maker of consumer goods such as Tide detergent (NYSE: PG) closed at $93.47, up 77 cents – or less than 1 percent – from the previous close of $92.70. Last week Procter & Gamble disclosed its biggest management reorganization since 1999, indicating a willingness “to change anything and everything” to boost results and create value for shareholders, CEO David Taylor said.
The Procter & Gamble Company (PG) extends its long history of doing good in the world by bringing the comforts of home to those impacted by disasters, continuing to spark conversations about diversity, inclusion and gender equality with its advertising and making meaningful impact on the environment with new 2030 goals including a vision to ensure that none of the Company’s packaging ends up in the world’s oceans. Captured in the 2018 Citizenship Report released today, P&G highlights the recent activities that define the Company as a force for good and a force for growth. In turn, this helps us grow and build our business,” said David Taylor, P&G’s Chairman of the Board, President and Chief Executive Officer.
The majority of Wall Street analysts providing recommendations on Procter & Gamble (PG) stock maintain a neutral outlook. Wall Street expects near-term cost headwinds and unfavorable currency rates to hurt the company’s net sales and EPS growth rate. However, innovation-driven products, productivity savings, and a lower effective tax rate are projected to support the top and bottom lines.
Opko Health (NASDAQ:OPK) was up 20.5% on surprisingly strong third-quarter numbers. Stock charts of Scana (NYSE:SCG), Apple (NASDAQ:AAPL), Procter & Gamble (NYSE:PG) are a trio of such names. If you’re looking for the biggest reason the broad market sold off today, start your search with Apple.
Procter & Gamble (PG) has impressed with its earnings despite facing strong sales and margin headwinds in the recent past. The company outperformed analysts’ estimates in the past 14 quarters with an average positive surprise of 4.3%, which is impressive. Focus on productivity and cost savings, a considerable decline in the effective tax rate, and share repurchases have helped the company to surpass analysts’ expectations.
Procter & Gamble (PG) announced price increases across several product categories aimed at offsetting the adverse impact from the foreign exchange rate and continued inflation in commodities. However, we expect the company’s margins to remain weak and continue to slide, at least in the near term.
PG Stock Is Up 15.2% since Q1 Results: Will Uptrend Continue? The company’s organic sales came in better than what analysts expected and rose 4% thanks to the improvement in volumes across all business segments and the favorable mix in the beauty segment. Despite strong organic sales growth, Procter & Gamble’s net sales growth remained low, reflecting the adverse impact from the foreign exchange rate.
Procter & Gamble stock (PG) has seen a healthy recovery since the company reported stronger-than-expected first-quarter results on October 19. Procter & Gamble’s sales and earnings surpassed Wall Street’s expectations, and its 4% organic sales growth rate during the first quarter of fiscal 2019 impressed investors. Higher volumes across all business segments and its positive mix in the beauty segment supported the company’s organic sales growth.
Procter & Gamble Co. has developed a smartphone app that enables people to determine the products best suited to their hair. It also enables people with similar hair types to connect via social media.
A grouping of such companies by Citi surfaced the likes of Walmart, McDonald's, Pfizer, Procter & Gamble, Amgen and Quest Diagnostics. While not predictive in itself, this pattern is one seen in the run-up to a bear market. Shares of quality companies have been outperforming the broad benchmarks — both before the October market correction and on the bounce of the past two weeks.
"Halftime Report" traders Jon and Pete Najarian spot unusual activity in shares of Arconic, Procter & Gamble, and Las Vegas Sands.