New York, January 23, 2026, 19:15 EST — After-hours trading session
Procter & Gamble shares barely moved in after-hours trading Friday, lingering around $150. This comes after JPMorgan’s upgrade, which capped a two-day rally that kicked off with the company’s quarterly earnings release. The stock edged up roughly 0.1% to $150.15.
Traders are focused on P&G because it represents a core part of the U.S. consumer basket. The company’s recent demand data signals shoppers are pulling back, even as P&G shifts its strategy from price-driven growth to volume gains. This push-and-pull dynamic has started to show up in staples stocks this month. Reuters
The timing couldn’t be more crucial. Wall Street is gearing up for a packed week — the Federal Reserve’s first meeting of 2026 and a new batch of mega-cap earnings reports. Investors remain jittery after a turbulent period that pushed some into safer assets. Reuters
Procter & Gamble reported $22.2 billion in net sales for its fiscal second quarter, a 1% increase. Organic sales, which exclude currency effects and acquisitions or divestitures, remained flat. Core earnings per share came in at $1.88, matching last year’s figure. SEC
P&G maintained its fiscal 2026 guidance for sales and core EPS growth but lowered its diluted EPS growth forecast due to higher restructuring charges. The company now expects tariff-related costs to hit around $400 million after tax this year. It also confirmed plans to return about $10 billion in dividends and roughly $5 billion through share buybacks in fiscal 2026. Procter Gamble
JPMorgan raised its rating on P&G to Overweight from Neutral, boosting the price target to $165. The bank cited management’s confidence that organic sales growth will strengthen in the second half and margins have room to improve over time. Investing.com
JPMorgan analyst Andrea Teixeira flagged P&G as ready to boost organic sales growth and lift margins but cautioned about “execution risks” tied to regaining market share. She added the firm deserves “the benefit of the doubt,” pointing to its spending on marketing and technology. Investors
Wells Fargo’s Chris Carey also raised his price target to $165 from $158, maintaining an Overweight rating following the earnings report, Benzinga noted. Benzinga
The stock’s movement shows the tug-of-war. PG surged nearly 2.7% Thursday following the earnings report, then eked out a small gain Friday. By week’s end, it was up roughly 3.9% on daily closes. StockAnalysis
Friday’s market mood was cautious. The S&P 500 closed almost unchanged. The Dow slipped 0.6%, while the Nasdaq nudged up 0.3%, per Reuters market data. Reuters
Consumer staples stood out. The Consumer Staples Select Sector SPDR Fund climbed roughly 0.8% on the day, showing that investors still value reliable cash flows when growth stocks falter.
But P&G isn’t out of the woods yet. CEO Shailesh Jejurikar noted on the earnings call that inflation in key household categories “has taken a toll on consumers.” He singled out the U.S. market as the “biggest most impactful part of the business” where new interventions are being rolled out — signaling that execution, not just pricing, is back under the microscope. The Motley Fool
Next on the calendar: the Fed meets January 27–28, with its policy decision and press briefing set for the 28th. Then, P&G’s next public update comes Feb. 19 at the CAGNY conference, where it’s scheduled to present at 9:00 a.m. Eastern. Federal Reserve
