Cohen Klingenstein LLC Cuts Holdings in Procter & Gamble Company (The) $PG

Key Points

• Cohen Klingenstein LLC reduced its stake in Procter & Gamble by 2.8%, owning 174,580 shares valued at approximately $27.8 million, making it the firm's 19th largest holding.
• Several institutional investors have increased their positions in Procter & Gamble, with Benjamin Edwards Inc. notably raising its stake by over 120% in the recent quarter.
• The average analyst rating for Procter & Gamble is a "Moderate Buy" with a consensus price target of $173.11, reflecting analysts' expectations for future growth despite some recent target price reductions.

Cohen Klingenstein LLC lowered its stake in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 2.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 174,580 shares of the company's stock after selling 5,000 shares during the period. Procter & Gamble accounts for about 0.9% of Cohen Klingenstein LLC's investment portfolio, making the stock its 19th biggest holding. Cohen Klingenstein LLC's holdings in Procter & Gamble were worth $27,814,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in PG. Benjamin Edwards Inc. lifted its position in Procter & Gamble by 120.7% during the first quarter. Benjamin Edwards Inc. now owns 364,378 shares of the company's stock valued at $62,098,000 after acquiring an additional 199,258 shares during the last quarter. Capital Investment Advisory Services LLC increased its position in shares of Procter & Gamble by 13.8% during the first quarter. Capital Investment Advisory Services LLC now owns 37,709 shares of the company's stock worth $6,426,000 after purchasing an additional 4,562 shares in the last quarter. World Investment Advisors boosted its position in shares of Procter & Gamble by 6.0% in the 1st quarter. World Investment Advisors now owns 50,913 shares of the company's stock worth $8,677,000 after purchasing an additional 2,886 shares in the last quarter. Concurrent Investment Advisors LLC grew its stake in Procter & Gamble by 26.4% during the 1st quarter. Concurrent Investment Advisors LLC now owns 120,002 shares of the company's stock worth $20,451,000 after buying an additional 25,059 shares during the last quarter. Finally, Kelly Financial Services LLC increased its position in Procter & Gamble by 8.7% during the 1st quarter. Kelly Financial Services LLC now owns 1,727 shares of the company's stock valued at $294,000 after buying an additional 138 shares in the last quarter. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on PG. Berenberg Bank raised their price target on Procter & Gamble from $152.00 to $154.00 and gave the stock a "hold" rating in a report on Wednesday, September 17th. Barclays lowered their target price on shares of Procter & Gamble from $164.00 to $153.00 and set an "equal weight" rating for the company in a research note on Wednesday. Evercore ISI restated an "in-line" rating and set a $170.00 price target (down previously from $190.00) on shares of Procter & Gamble in a research note on Monday, July 14th. BNP Paribas Exane lowered their price objective on shares of Procter & Gamble from $177.00 to $172.00 and set an "outperform" rating for the company in a research note on Tuesday, September 23rd. Finally, Wells Fargo & Company cut their target price on Procter & Gamble from $173.00 to $170.00 and set an "overweight" rating on the stock in a research report on Thursday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $173.11.

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 shares were 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 in the company, valued at approximately $4,459,902.24. This trade represents a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jennifer L. Davis sold 8,596 shares of the company's stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total transaction of $1,351,892.92. Following the completion of the transaction, the chief executive officer owned 64,991 shares of the company's stock, valued at approximately $10,221,134.57. This trade represents a 11.68% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 120,181 shares of company stock worth $18,918,012. 0.20% of the stock is currently owned by insiders.

Procter & Gamble Trading Down 0.4%

NYSE PG opened at $152.97 on Thursday. Procter & Gamble Company has a 1 year low of $149.91 and a 1 year high of $180.43. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.70 and a quick ratio of 0.49. The company has a market capitalization of $358.03 billion, a PE ratio of 23.50, a P/E/G ratio of 4.05 and a beta of 0.36. The company has a fifty day moving average of $155.77 and a 200 day moving average of $160.29.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.06. The company 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 for the quarter was up 1.7% compared to the same quarter last year. During the same period last year, the firm earned $1.40 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Research analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, July 18th were given a $1.0568 dividend. This represents a $4.23 annualized dividend and a yield of 2.8%. The ex-dividend date was Friday, July 18th. Procter & Gamble's dividend payout ratio is currently 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.

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