Gateway Investment Advisers LLC Sells 62,018 Shares of Procter & Gamble Company (The) $PG

Gateway Investment Advisers LLC reduced its stake in Procter & Gamble Company (The) (NYSE:PG) by 10.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 561,217 shares of the company’s stock after selling 62,018 shares during the period. Procter & Gamble makes up approximately 1.0% of Gateway Investment Advisers LLC’s holdings, making the stock its 19th largest holding. Gateway Investment Advisers LLC’s holdings in Procter & Gamble were worth $89,413,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of PG. Nova Wealth Management Inc. bought a new stake in shares of Procter & Gamble in the 1st quarter valued at approximately $26,000. Capital A Wealth Management LLC acquired a new stake in Procter & Gamble during the 4th quarter valued at $31,000. Quarry LP acquired a new stake in Procter & Gamble during the 1st quarter valued at $33,000. 10Elms LLP acquired a new stake in Procter & Gamble during the 4th quarter valued at $34,000. Finally, Sunbeam Capital Management LLC acquired a new stake in Procter & Gamble during the 4th quarter valued at $34,000. 65.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Procter & Gamble

In related news, insider Susan Street Whaley sold 1,000 shares of the firm’s stock in a transaction on Friday, August 29th. The stock was sold at an average price of $156.84, for a total transaction of $156,840.00. Following the sale, the insider owned 28,436 shares of the company’s stock, valued at approximately $4,459,902.24. This trade represents a 3.40% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Jennifer L. Davis sold 8,596 shares of the firm’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 directly owned 64,991 shares in the company, valued at $10,221,134.57. The trade was a 11.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 120,181 shares of company stock worth $18,918,012 in the last three months. 0.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on PG. Barclays set a $164.00 price target on Procter & Gamble and gave the company an “equal weight” rating in a report on Thursday, July 31st. BNP Paribas reaffirmed an “outperform” rating and set a $177.00 price target on shares of Procter & Gamble in a report on Friday, August 15th. Wells Fargo & Company dropped their price target on Procter & Gamble from $175.00 to $173.00 and set an “overweight” rating for the company in a report on Wednesday, July 30th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $170.00 price target (down from $178.00) on shares of Procter & Gamble in a report on Friday, July 25th. Finally, Evercore ISI reaffirmed an “in-line” rating and set a $170.00 price target (down from $190.00) on shares of Procter & Gamble in a report on Monday, July 14th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $175.12.

Procter & Gamble Stock Performance

PG stock opened at $158.08 on Wednesday. The company has a market cap of $369.98 billion, a P/E ratio of 24.28, a price-to-earnings-growth ratio of 4.14 and a beta of 0.36. Procter & Gamble Company has a twelve month low of $149.91 and a twelve month high of $180.43. 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 business’s fifty day moving average is $156.14 and its 200-day moving average is $161.62.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.42 by $0.06. The business had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.79 billion. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%.The firm’s revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.40 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Equities research analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed 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. This represents a $4.23 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Friday, July 18th. Procter & Gamble’s dividend payout ratio (DPR) is presently 64.98%.

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.