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

Gibson Wealth Advisors LLC decreased its stake in Procter & Gamble Company (The) (NYSE:PG) by 6.2% in the 2nd quarter, Holdings Channel reports. The firm owned 6,008 shares of the company’s stock after selling 400 shares during the quarter. Procter & Gamble accounts for approximately 0.7% of Gibson Wealth Advisors LLC’s portfolio, making the stock its 16th biggest position. Gibson Wealth Advisors LLC’s holdings in Procter & Gamble were worth $957,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC grew its holdings in shares of Procter & Gamble by 655,209.0% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 76,028,952 shares of the company’s stock worth $11,832,680,000 after acquiring an additional 76,017,350 shares during the period. Nuveen LLC purchased a new stake in shares of Procter & Gamble in the 1st quarter worth about $1,954,941,000. Laurel Wealth Advisors LLC raised its position in Procter & Gamble by 15,971.7% during the second quarter. Laurel Wealth Advisors LLC now owns 7,012,744 shares of the company’s stock worth $1,117,270,000 after acquiring an additional 6,969,110 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Procter & Gamble by 1.4% in the second quarter. Vanguard Group Inc. now owns 233,211,283 shares of the company’s stock valued at $37,155,222,000 after purchasing an additional 3,189,111 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Procter & Gamble by 13.0% in the first 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 purchasing an additional 2,466,308 shares during the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Jennifer L. Davis sold 3,227 shares of the company’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $152.23, for a total value of $491,246.21. Following the completion of the sale, the chief executive officer owned 61,764 shares of the company’s stock, valued at $9,402,333.72. This represents a 4.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Shailesh Jejurikar sold 3,986 shares of the stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total transaction of $606,788.78. Following the completion of the sale, the chief operating officer directly owned 46,899 shares of the company’s stock, valued at $7,139,434.77. This trade represents a 7.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 31,308 shares of company stock worth $4,768,692 in the last quarter. Insiders own 0.20% of the company’s stock.

Procter & Gamble Stock Up 1.0%

Shares of NYSE PG opened at $148.46 on Wednesday. The company has a quick ratio of 0.51, a current ratio of 0.71 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $346.90 billion, a PE ratio of 21.67, a P/E/G ratio of 3.87 and a beta of 0.36. The firm has a fifty day moving average of $150.36 and a 200-day moving average of $155.97. Procter & Gamble Company has a 52-week low of $144.09 and a 52-week high of $180.43.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Friday, October 24th. The company reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.09. Procter & Gamble had a return on equity of 32.63% and a net margin of 19.74%.The business had revenue of $22.39 billion for the quarter, compared to analyst estimates of $22.23 billion. During the same period in the previous year, the company posted $1.93 EPS. The company’s revenue was up 3.0% compared to the same quarter last year. Procter & Gamble has set its FY 2026 guidance at 6.830-7.100 EPS. On average, analysts anticipate 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 Monday, November 17th. Stockholders of record on Friday, October 24th were paid a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, October 24th. Procter & Gamble’s dividend payout ratio (DPR) is currently 61.61%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on PG shares. Barclays reduced their target price on Procter & Gamble from $164.00 to $153.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 1st. Bank of America reduced their price objective on Procter & Gamble from $180.00 to $174.00 and set a “buy” rating on the stock in a research report on Wednesday, October 8th. Berenberg Bank lifted their price objective on Procter & Gamble from $152.00 to $154.00 and gave the stock a “hold” rating in a research report on Wednesday, September 17th. UBS Group cut their target price on shares of Procter & Gamble from $180.00 to $176.00 and set a “buy” rating for the company in a research note on Wednesday, October 8th. Finally, Raymond James Financial lowered their price target on shares of Procter & Gamble from $185.00 to $175.00 and set an “outperform” rating for the company in a report on Monday, October 20th. Twelve research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, Procter & Gamble presently has an average rating of “Moderate Buy” and an average target price of $171.53.

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.