STOCKS | Procter & Gamble Hits 52-Week High, Gaining 15.32% Over the Past Year

On November 13, Procter & Gamble shares rose intraday to $170.57, setting a 52-week high and gaining 15.32% over the past year. According to Sina Finance, improved organic sales growth, steady earnings performance, and ongoing shareholder returns have drawn investor attention. The company recently completed two bond offerings, raising €3.25 billion and $4 billion, respectively, through multiple bond issues with different maturities and interest rates. It has raised its dividend for 43 consecutive years, and its current dividend yield is about 2.59%. Piper Sandler raised its price target to $167, citing momentum in organic revenue growth. TD Cowen raised its target to $166, saying the company could reach the upper end of its sales and earnings guidance ranges. Morgan Stanley adjusted its target to $185 and noted that Procter & Gamble's first-quarter profit and earnings per share each grew 6%, while organic sales growth rebounded notably.