Procter & Gamble reported Q3 fiscal 2026 EPS of $1.99, beating consensus by $0.09, on revenue of $22.39 billion, up 3.0% year-over-year. Net margin stood at 19.74%, and return on equity reached 32.63%. The company cited stable demand in fabric care and grooming, offset by softer baby care volumes. P&G set full-year EPS guidance at a range of $6.83–$7.10, implying mid-single-digit growth, supported by price increases and productivity savings that offset unfavorable foreign-exchange impacts and commodity inflation.

P&G declared its quarterly dividend of $1.0568, payable November 17 to holders of record October 24, representing an annualized payout of $4.23 and a yield of approximately 2.9%. Over the trailing twelve months, free cash flow totaled about $12 billion, funding a dividend payout ratio near 61.6% and $16 billion in combined dividends and share repurchases. The company has increased its dividend for 69 consecutive years and paid dividends every year for 135 years, highlighting the sustainability of its cash generation during varied economic cycles.

Farmers & Merchants Investments trimmed its stake by 4.3% in Q3, selling 6,300 shares to hold 138,611 shares valued at $21.3 million. Overall institutional ownership remains at 65.8%. Thirteen analysts maintain Buy ratings on P&G and ten rate it Hold, with a consensus target of $171.38. Notable recent revisions include Raymond James lowering its target from $185 to $175, Barclays cutting to $151 with an Equal Weight rating, Wells Fargo setting an Overweight rating at $170, and UBS assigning a Buy at $176, reflecting confidence in P&G’s pricing power and margin resilience.