Bridgeway Capital Management LLC Increases Stock Position in Procter & Gamble Company (The) $PG

Key Points

• Bridgeway Capital Management LLC increased its stake in Procter & Gamble by 2.0%, owning a total of 112,251 shares valued at approximately $19.13 million as of the end of the first quarter.
• Procter & Gamble reported quarterly earnings of $1.48 per share, surpassing estimates, with a revenue of $20.89 billion, indicating a 1.7% increase compared to the previous year.
• The company declared a quarterly dividend of $1.0568 per share, representing a 2.7% yield, while institutional investors hold 65.77% of the company's stock.

Bridgeway Capital Management LLC increased its holdings in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 2.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 112,251 shares of the company's stock after purchasing an additional 2,231 shares during the quarter. Bridgeway Capital Management LLC's holdings in Procter & Gamble were worth $19,130,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in PG. Capital A Wealth Management LLC acquired a new position in Procter & Gamble in the fourth quarter valued at approximately $31,000. Quarry LP purchased a new stake in Procter & Gamble in the first quarter valued at $33,000. 10Elms LLP acquired a new position in shares of Procter & Gamble in the 4th quarter valued at $34,000. Mizuho Securities Co. Ltd. grew its holdings in shares of Procter & Gamble by 566.7% during the 1st quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company's stock worth $34,000 after purchasing an additional 170 shares during the period. Finally, Sunbeam Capital Management LLC acquired a new stake in shares of Procter & Gamble during the 4th quarter worth about $34,000. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Procter & Gamble

In other news, CEO Gary A. Coombe sold 10,194 shares of the business's stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $158.16, for a total transaction of $1,612,283.04. Following the completion of the sale, the chief executive officer owned 34,978 shares in the company, valued at approximately $5,532,120.48. The trade was a 22.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Susan Street Whaley sold 1,000 shares of the stock in a transaction on Friday, August 29th. The shares were sold at an average price of $156.84, for a total transaction of $156,840.00. Following the completion of the transaction, the insider directly owned 28,436 shares in the company, valued at $4,459,902.24. This trade represents a 3.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 120,181 shares of company stock valued at $18,918,012 in the last quarter. Company insiders own 0.18% of the company's stock.

Procter & Gamble Stock Up 0.6%

Procter & Gamble stock traded up $0.89 during trading on Friday, reaching $160.08. The stock had a trading volume of 6,435,480 shares, compared to its average volume of 6,113,774. Procter & Gamble Company has a 52-week low of $149.91 and a 52-week high of $180.43. The business has a 50 day moving average price of $156.41 and a 200 day moving average price of $162.28. The company has a quick ratio of 0.49, a current ratio of 0.70 and a debt-to-equity ratio of 0.49. The stock has a market cap of $374.65 billion, a PE ratio of 24.59, a P/E/G ratio of 4.20 and a beta of 0.36.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, beating analysts' consensus estimates of $1.42 by $0.06. The business had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.79 billion. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The company's revenue was up 1.7% on a year-over-year basis. During the same period last year, the business earned $1.40 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. On average, analysts predict that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, July 18th were paid a dividend of $1.0568 per share. The ex-dividend date was Friday, July 18th. This represents a $4.23 annualized dividend and a yield of 2.6%. Procter & Gamble's payout ratio is presently 64.82%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. UBS Group set a $180.00 target price on shares of Procter & Gamble and gave the stock a "buy" rating in a research note on Wednesday, July 30th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $170.00 price objective (down previously from $178.00) on shares of Procter & Gamble in a research report on Friday, July 25th. Wells Fargo & Company cut their target price on Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 30th. Evercore ISI restated an "in-line" rating and set a $170.00 price target (down from $190.00) on shares of Procter & Gamble in a research report on Monday, July 14th. Finally, Barclays set a $164.00 price objective on Procter & Gamble and gave the company an "equal weight" rating in a report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $175.12.

Procter & Gamble Company Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.