Procter & Gamble Company (The) $PG Shares Sold by Gateway Investment Advisers LLC

Key Points

• Gateway Investment Advisers LLC reduced its stake in Procter & Gamble by 10.0%, selling 62,018 shares, bringing their total ownership to 561,217 shares valued at approximately $89.4 million.
• Insider trading activity included CEO Jennifer L. Davis selling 8,596 shares for about $1.35 million, reflecting an 11.68% decrease in her position.
• Procter & Gamble reported a recent EPS of $1.48 for the last quarter, exceeding expectations, with a forecast for a full-year EPS of $6.91.

Gateway Investment Advisers LLC reduced its holdings in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 10.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 561,217 shares of the company's stock after selling 62,018 shares during the quarter. Procter & Gamble accounts for 1.0% of Gateway Investment Advisers LLC's portfolio, making the stock its 19th biggest holding. Gateway Investment Advisers LLC's holdings in Procter & Gamble were worth $89,413,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Nuveen LLC purchased a new position in shares of Procter & Gamble during the 1st quarter worth $1,954,941,000. GAMMA Investing LLC lifted its holdings in Procter & Gamble by 20,758.5% in the 1st quarter. GAMMA Investing LLC now owns 7,951,456 shares of the company's stock worth $1,355,087,000 after purchasing an additional 7,913,335 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Procter & Gamble by 13.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 21,480,670 shares of the company's stock valued at $3,660,737,000 after buying an additional 2,466,308 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Procter & Gamble by 19.8% during the 1st quarter. Invesco Ltd. now owns 13,493,604 shares of the company's stock valued at $2,299,580,000 after purchasing an additional 2,228,151 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Procter & Gamble by 15.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,274,563 shares of the company's stock valued at $2,728,430,000 after acquiring an additional 2,224,912 shares during the last quarter. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Procter & Gamble Trading Down 0.7%

Shares of NYSE PG traded down $1.17 during trading on Friday, reaching $156.15. The stock had a trading volume of 17,159,888 shares, compared to its average volume of 5,803,375. The business's 50-day moving average price is $156.16 and its 200-day moving average price is $161.37. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.49 and a current ratio of 0.70. Procter & Gamble Company has a fifty-two week low of $149.91 and a fifty-two week high of $180.43. The company has a market cap of $365.47 billion, a P/E ratio of 23.99, a PEG ratio of 4.15 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 (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.06. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%.The business had revenue of $20.89 billion during the quarter, compared to analysts' expectations of $20.79 billion. During the same quarter last year, the business posted $1.40 EPS. The business's quarterly revenue was up 1.7% compared to the same quarter last year. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. On average, equities research analysts predict that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, July 18th were paid a $1.0568 dividend. This represents a $4.23 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Friday, July 18th. Procter & Gamble's dividend payout ratio (DPR) is 64.98%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $170.00 price objective (down from $178.00) on shares of Procter & Gamble in a research note on Friday, July 25th. BNP Paribas reissued an "outperform" rating and issued a $177.00 price target on shares of Procter & Gamble in a research report on Friday, August 15th. Berenberg Bank raised their price target on Procter & Gamble from $152.00 to $154.00 and gave the stock a "hold" rating in a report on Wednesday. Evercore ISI restated an "in-line" rating and issued a $170.00 price objective (down from $190.00) on shares of Procter & Gamble in a research note on Monday, July 14th. Finally, Barclays set a $164.00 price target on Procter & Gamble and gave the stock an "equal weight" rating in a research report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $173.94.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, CEO Jennifer L. Davis sold 8,596 shares of the company's stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total value of $1,351,892.92. Following the sale, the chief executive officer owned 64,991 shares of the company's stock, valued at approximately $10,221,134.57. This represents a 11.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gary A. Coombe sold 10,194 shares of the firm's stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $158.16, for a total transaction of $1,612,283.04. Following the transaction, the chief executive officer directly owned 34,978 shares of the company's stock, valued at approximately $5,532,120.48. This trade represents a 22.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 120,181 shares of company stock valued at $18,918,012. 0.20% of the stock is owned by company insiders.

Procter & Gamble 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.