The Procter & Gamble Company (NYSE:PG) Shares Sold by Gibson Wealth Advisors LLC

Gibson Wealth Advisors LLC trimmed its position in The Procter & Gamble Company (NYSE:PG) by 7.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,408 shares of the company’s stock after selling 500 shares during the period. Procter & Gamble makes up about 1.0% of Gibson Wealth Advisors LLC’s portfolio, making the stock its 15th largest holding. Gibson Wealth Advisors LLC’s holdings in Procter & Gamble were worth $1,057,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Legal & General Group Plc grew its stake in shares of Procter & Gamble by 0.6% in the 2nd quarter. Legal & General Group Plc now owns 21,632,054 shares of the company’s stock worth $3,567,556,000 after purchasing an additional 122,190 shares during the last quarter. Fisher Asset Management LLC grew its position in Procter & Gamble by 5.5% in the fourth quarter. Fisher Asset Management LLC now owns 10,552,081 shares of the company’s stock worth $1,546,302,000 after buying an additional 554,451 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Procter & Gamble by 8.2% in the second quarter. Dimensional Fund Advisors LP now owns 9,691,925 shares of the company’s stock valued at $1,598,510,000 after buying an additional 733,440 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Procter & Gamble by 9.7% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 6,161,507 shares of the company’s stock valued at $999,705,000 after acquiring an additional 545,601 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its stake in shares of Procter & Gamble by 1.3% during the 1st quarter. Janus Henderson Group PLC now owns 6,008,938 shares of the company’s stock worth $974,914,000 after acquiring an additional 79,665 shares in the last quarter. 65.77% of the stock is owned by institutional investors.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, CEO R. Alexandra Keith sold 3,373 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $170.00, for a total transaction of $573,410.00. Following the transaction, the chief executive officer now owns 21,513 shares in the company, valued at $3,657,210. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Procter & Gamble news, CEO R. Alexandra Keith sold 3,373 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $170.00, for a total transaction of $573,410.00. Following the completion of the transaction, the chief executive officer now owns 21,513 shares of the company’s stock, valued at approximately $3,657,210. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Ma. Fatima Francisco sold 96,000 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $170.00, for a total value of $16,320,000.00. Following the completion of the sale, the chief executive officer now directly owns 13,721 shares in the company, valued at $2,332,570. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 375,553 shares of company stock valued at $63,829,141. Corporate insiders own 0.17% of the company’s stock.

Procter & Gamble Stock Performance

PG stock opened at $173.07 on Wednesday. The firm has a 50 day moving average of $171.01 and a two-hundred day moving average of $166.36. The Procter & Gamble Company has a 12 month low of $141.45 and a 12 month high of $177.94. The company has a market capitalization of $408.47 billion, a price-to-earnings ratio of 28.28, a P/E/G ratio of 3.76 and a beta of 0.41. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 0.51.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.03. Procter & Gamble had a net margin of 17.71% and a return on equity of 33.46%. The firm had revenue of $20.53 billion during the quarter, compared to analysts’ expectations of $20.69 billion. During the same period in the prior year, the company posted $1.37 earnings per share. Procter & Gamble’s revenue for the quarter was down .1% on a year-over-year basis. As a group, equities analysts anticipate that The Procter & Gamble Company will post 6.97 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Friday, July 19th were paid a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date was Friday, July 19th. Procter & Gamble’s payout ratio is 65.69%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on PG shares. Dbs Bank lowered Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 1st. Citigroup upped their price objective on shares of Procter & Gamble from $177.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Piper Sandler began coverage on shares of Procter & Gamble in a report on Tuesday, September 24th. They set a “neutral” rating and a $174.00 price target on the stock. Barclays lowered shares of Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 price objective for the company. in a research note on Monday. Finally, DZ Bank raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 target price on the stock in a research note on Thursday, August 29th. Nine analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $175.89.

Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.