Gateway Wealth Partners LLC Purchases 599 Shares of The Procter & Gamble Company (NYSE:PG)

Gateway Wealth Partners LLC raised its position in The Procter & Gamble Company (NYSE:PG) by 32.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,449 shares of the company’s stock after acquiring an additional 599 shares during the period. Gateway Wealth Partners LLC’s holdings in Procter & Gamble were worth $411,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. RPg Family Wealth Advisory LLC purchased a new stake in Procter & Gamble during the 3rd quarter valued at about $33,000. Costello Asset Management INC lifted its holdings in shares of Procter & Gamble by 2,142.9% during the third quarter. Costello Asset Management INC now owns 314 shares of the company’s stock worth $54,000 after purchasing an additional 300 shares during the period. Mendota Financial Group LLC boosted its position in Procter & Gamble by 58.0% in the fourth quarter. Mendota Financial Group LLC now owns 376 shares of the company’s stock valued at $63,000 after buying an additional 138 shares during the last quarter. Itau Unibanco Holding S.A. increased its holdings in Procter & Gamble by 138.7% in the 3rd quarter. Itau Unibanco Holding S.A. now owns 401 shares of the company’s stock worth $69,000 after buying an additional 233 shares during the period. Finally, Hara Capital LLC purchased a new position in Procter & Gamble during the 3rd quarter worth approximately $70,000. 65.77% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, insider Marc S. Pritchard sold 90,450 shares of Procter & Gamble stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total value of $14,819,328.00. Following the completion of the transaction, the insider now directly owns 172,814 shares of the company’s stock, valued at $28,313,845.76. The trade was a 34.36 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Balaji Purushothaman sold 12,800 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $172.73, for a total transaction of $2,210,944.00. Following the sale, the insider now owns 11,595 shares in the company, valued at $2,002,804.35. This trade represents a 52.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 151,097 shares of company stock worth $25,635,076 over the last ninety days. Company insiders own 0.18% of the company’s stock.

Procter & Gamble Trading Up 0.1 %

Shares of PG opened at $166.34 on Thursday. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.49. The firm has a 50-day moving average price of $168.74 and a 200 day moving average price of $169.41. The Procter & Gamble Company has a 12-month low of $153.52 and a 12-month high of $180.43. The firm has a market capitalization of $391.74 billion, a P/E ratio of 26.49, a P/E/G ratio of 3.69 and a beta of 0.45.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.02. The company had revenue of $21.88 billion during the quarter, compared to analyst estimates of $21.66 billion. Procter & Gamble had a return on equity of 32.88% and a net margin of 18.35%. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.84 earnings per share. Sell-side analysts forecast that The Procter & Gamble Company will post 6.94 EPS for the current 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 2.42%. The ex-dividend date is Friday, January 24th. Procter & Gamble’s dividend payout ratio (DPR) is 64.17%.

Wall Street Analyst Weigh In

PG has been the subject of a number of research reports. Stifel Nicolaus boosted their target price on shares of Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. DA Davidson reissued a “buy” rating and issued a $209.00 price objective on shares of Procter & Gamble in a report on Thursday, January 23rd. Wells Fargo & Company lifted their price target on Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. UBS Group lowered their price target on shares of Procter & Gamble from $196.00 to $189.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Finally, Morgan Stanley lifted their price objective on shares of Procter & Gamble from $174.00 to $191.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Eight investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Procter & Gamble has a consensus rating of “Moderate Buy” and a consensus target price of $180.53.

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.