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

Gateway Investment Advisers LLC reduced its stake in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 1.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 561,755 shares of the company's stock after selling 6,117 shares during the quarter. Procter & Gamble accounts for 1.0% of Gateway Investment Advisers LLC's holdings, making the stock its 17th largest position. Gateway Investment Advisers LLC's holdings in Procter & Gamble were worth $94,178,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. International Assets Investment Management LLC boosted its position in Procter & Gamble by 19,030.8% during the third quarter. International Assets Investment Management LLC now owns 3,693,593 shares of the company's stock worth $639,730,000 after purchasing an additional 3,674,286 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Procter & Gamble by 7.0% during the 3rd quarter. Geode Capital Management LLC now owns 55,204,776 shares of the company's stock worth $9,538,327,000 after buying an additional 3,619,466 shares during the period. Franklin Resources Inc. lifted its position in shares of Procter & Gamble by 10.2% during the 3rd quarter. Franklin Resources Inc. now owns 18,988,721 shares of the company's stock valued at $3,290,573,000 after buying an additional 1,760,214 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Procter & Gamble in the 3rd quarter valued at $301,950,000. Finally, AMF Tjanstepension AB increased its holdings in Procter & Gamble by 416.1% in the 3rd quarter. AMF Tjanstepension AB now owns 1,818,490 shares of the company's stock worth $315,016,000 after acquiring an additional 1,466,115 shares in the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Trading Up 0.5 %

Shares of NYSE PG traded up $0.85 during mid-day trading on Friday, reaching $161.35. 7,218,206 shares of the company's stock were exchanged, compared to its average volume of 5,628,331. The firm has a market capitalization of $379.98 billion, a price-to-earnings ratio of 27.82, a PEG ratio of 3.41 and a beta of 0.45. The Procter & Gamble Company has a 52-week low of $146.28 and a 52-week high of $180.43. The company's 50-day moving average is $169.19 and its 200-day moving average is $169.38. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.75.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings results on Friday, October 18th. The company reported $1.93 earnings per share for the quarter, beating analysts' consensus estimates of $1.90 by $0.03. The business had revenue of $21.74 billion during the quarter, compared to analysts' expectations of $21.99 billion. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The business's revenue for the quarter was down .6% on a year-over-year basis. During the same period last year, the business earned $1.83 earnings per share. Analysts expect that The Procter & Gamble Company will post 6.93 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th will be paid a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date is Friday, January 24th. Procter & Gamble's dividend payout ratio (DPR) is 69.48%.

Insider Transactions at Procter & Gamble

In other news, CEO Gary A. Coombe sold 47,847 shares of the firm's stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $179.84, for a total value of $8,604,804.48. Following the completion of the transaction, the chief executive officer now owns 39,977 shares of the company's stock, valued at approximately $7,189,463.68. This trade represents a 54.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO R. Alexandra Keith sold 1,992 shares of the company's stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $170.00, for a total transaction of $338,640.00. Following the sale, the chief executive officer now directly owns 13,783 shares in the company, valued at approximately $2,343,110. The trade was a 12.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 75,439 shares of company stock worth $13,317,460 over the last ninety days. Company insiders own 0.18% of the company's stock.

Analyst Ratings Changes

Several analysts have recently issued reports on PG shares. Hsbc Global Res upgraded shares of Procter & Gamble to a "strong-buy" rating in a research report on Friday, October 4th. Stifel Nicolaus lowered their price objective on Procter & Gamble from $167.00 to $161.00 and set a "hold" rating on the stock in a report on Friday. Piper Sandler began coverage on Procter & Gamble in a report on Tuesday, September 24th. They set a "neutral" rating and a $174.00 target price for the company. DA Davidson reaffirmed a "buy" rating and issued a $209.00 price target on shares of Procter & Gamble in a research note on Friday, December 27th. Finally, Wells Fargo & Company reduced their price objective on Procter & Gamble from $190.00 to $176.00 and set an "overweight" rating for the company in a research note on Tuesday, January 7th. Eight analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Procter & Gamble presently has an average rating of "Moderate Buy" and a consensus price target of $179.65.

About Procter & Gamble

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.