What is Gillette’s stock price, and are they publicly traded? Gillette doesn’t have a stock but is owned by Proctor & Gamble (NYSE: PG), a publicly traded company.
Ranked #37 on the Forbes list of The World’s Most Valuable Brands, the consumer products giant Gillette is worth an estimated $19.2 billion. I’m sure it helped that consumers stocked up on staples like toilet paper before the COVID outbreak. With their products used by an estimated 75 million men worldwide, it begs the question, is Gillette the best a man can get? Well, with sales numbers like that, perhaps yes.
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Gillette Introduction (No Stock Symbol)
In 2005, Gillette razors and personal care products became part of Procter & Gamble when they purchased the company. On a side note, this acquisition made high-profile investors like Warren Buffett billions of dollars; about $645 million — in one day.
But did you know that you can buy Gillette stock in India? If you’re trading intraday, you can get in on good moves.
If you can trade in India, you can buy Gillette stock. Founded on September 2, 1984, and headquartered in Mumbai, India, Gillette India Ltd. manufactures and sells branded packaged consumer goods in the grooming and oral care businesses.
Granted, I don’t know all the ins and outs of the Indian stock market, but if you’re Indian, it’s worth checking out.
Gillette Stock History
In 1926, Gillette Stock was on top of the world, no lie. Other than railroads, utilities, and General Electric, it wouldn’t be a far stretch to say they represented the “bluest” of all blue-chip stocks available. At that time, Gillette controlled 82% of the safety razor and blade market in the United States! If you knew how to trade stocks and they were being traded, it was probably a great investment.
Although you can’t buy Gillette stock, you can purchase shares indirectly through Proctor & Gamble.
Interesting Facts
- In 1837, William Procter and James Gamble founded Proctor & Gamble.
- Gillette pays $7 million annually for the naming rights to Gillette Stadium, home of the New England Patriots.
- In 7 of the past ten years, P&G has spent more on ads than any other company. They spend 3X the GDP of Belize every year to keep their brands #1.
Proctor and Gamble ($PG)
Procter & Gamble is one of the top ten businesses in the world in terms of earnings quality, and Gillette is one reason why. Gillette’s razors are one of the most profitable companies for P&G.
As I mentioned above, the company’s razors are used by 75 million men in more than 200 million countries. There’s no arguing that tech stocks like Apple, Google, and Microsoft are the way for beginner investors.
However, stock from companies like Proctor and Gamble, which produces high-quality consumer products – Tide detergent and Gillette razors- should also be on your buy list.
As the maker of health, hygiene, and cleaning brands like Vicks, Crest, Charmin, Pampers, Always, Gillette, Mr. Clean, and Tide, the parent company of Gillette, Proctor and Gamble (PG) is one I like to consider as a strong buy.
Why? Firstly, PG stock is what you call a “defensive stock.” What’s that? That stock is considered a haven during an economic downturn.
For the most part, this means share prices remain relatively stable to other stocks, which could trade erratically as uncertainty muddles the market.
You can trade $PG on Tradestation and get in that Gillette stock action. Sort of.
Procter and Gamble ($PG) TipRanks Stock Forecast Report 3/24
Procter and Gamble Dividends
But that’s not all! We have many other reasons you should consider buying shares in Proctor and Gamble. For starters, their dividends.
Unlike many companies slashing or suspending their dividends, P&G’s raised their dividend an impressive 63 years in a row! Yes, 63 years. Furthermore, P&G recently announced that it will raise its quarterly dividend by 6%. Numbers like this are exactly what long-term investors look for.
Secondly, and perhaps the most obvious, their brands are in practically every household in America. It wouldn’t be a far stretch to say that of all the goods in your home, Procter & Gamble (PG) owns most of them.
Offering stability, strength, and yield, defensive PG stock is one of the best for those just beginning to invest.
Granted, shares remain pricey since the March 2020 meltdown, but that’s no reason you can’t buy options on them to swing trade.
If you want to start investing in stocks, today’s market is a great entry point! If you’re a beginner trader, we have plenty of courses to get you started.
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Gillette Stock Competition
Unfortunately, the consumer products giant has also faced increased competition from disruptors like Dollar Shave Club and Harry’s. The market share over the past decade has dropped from 70% in 2010 to below 50% in 2017 (Euromonitor).
Gillette’s approach has been to charge ten times the amount of its discount-cost competitors. However, I suspect it will be difficult for Gillette to capture 70% of the shaving market again without dropping their prices. All of this, however, waits to be seen. A bull vs bear market will affect the way a stock trades.
Let's Talk Numbers
Are you still on the fence about buying Gillette stock? Well, here’s how Procter & Gamble did for the quarter ended March 31 vs. analysts expectations:
- Earnings per share: $1.17 vs. $1.13
- Revenue: $17.21 billion vs. $17.46 billion
In the fiscal third quarter, P&G reported a net income of $2.92 billion, or $1.12 per share. These earnings are up from last year’s $2.75 million, or $1.04 per share. Excluding items, earnings are $1.17 a share, with net sales rising 5% to $17.21 billion.
Final Thoughts: Gillette Stock
We love to groom. And even though you can’t buy Gillette stock, you can purchase shares indirectly through P&G.
Grooming and personal hygiene continue to be a very attractive business, and the need is not going anywhere soon.
People will always need toilet paper, razors, and many goods P&G offers. And when a man or woman wakes up, they’ll need to use Gillette’s product.
Frequently Asked Questions
Proctor and Gamble owns Gillette. Investors can purchase their stock under the symbol $PG.
Proctor & Gamble (P&G) owns Gillette, a United States company brand for razors and personal care products.
Gillette does not have shares to trade because they are owned by Proctor & Gamble. Investors can purchase shares under (PG).
