Corient Private Wealth LP Buys Shares of 3,035,550 Procter & Gamble Company (The) $PG

Key Points

• Corient Private Wealth acquired 3,035,550 Procter & Gamble shares worth approximately $335.9 million, representing 0.13% of the company. Institutional investors collectively own 65.77% of PG.
• Analysts maintain a consensus “Moderate Buy” rating, with an average price target of $161.19. PG recently reported quarterly EPS of $1.43, slightly above estimates, while revenue rose 1.5% year over year.
• Procter & Gamble pays an annualized dividend of approximately $4.35 per share, yielding about 3.0%, with a payout ratio of 65.71%.

Corient Private Wealth LP purchased a new position in Procter & Gamble Company (The) (NYSE:PG - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 3,035,550 shares of the company's stock, valued at approximately $335,908,000. Corient Private Wealth LP owned 0.13% of Procter & Gamble as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. BlackRock Inc. acquired a new position in Procter & Gamble during the 2nd quarter valued at $27,862,105,000. Norges Bank bought a new position in shares of Procter & Gamble during the 4th quarter worth about $4,664,783,000. Bank of America Corp DE acquired a new position in shares of Procter & Gamble during the second quarter valued at about $3,850,628,000. Bank of New York Mellon Corp acquired a new position in Procter & Gamble in the 2nd quarter valued at approximately $2,281,505,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Procter & Gamble in the 2nd quarter valued at approximately $1,480,650,000. Institutional investors and hedge funds own 65.77% of the company's stock.

Insiders Place Their Bets

In related news, CAO Matthew W. Janzaruk sold 359 shares of the company's stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $145.24, for a total transaction of $52,141.16. Following the transaction, the chief accounting officer owned 1,271 shares in the company, valued at $184,600.04. This represents a 22.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Susan Street Whaley sold 2,238 shares of the stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $143.79, for a total transaction of $321,802.02. Following the sale, the insider directly owned 26,989 shares in the company, valued at approximately $3,880,748.31. This represents a 7.66% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 6,627 shares of company stock valued at $953,417. 0.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PG. HSBC reissued a "hold" rating and set a $149.00 price objective (down from $182.00) on shares of Procter & Gamble in a report on Thursday, July 30th. Jefferies Financial Group raised their target price on Procter & Gamble from $177.00 to $179.00 and gave the stock a "buy" rating in a research report on Friday, June 26th. Bank of America decreased their price target on shares of Procter & Gamble from $170.00 to $166.00 and set a "buy" rating on the stock in a research note on Friday, July 10th. JPMorgan Chase & Co. lowered their price target on shares of Procter & Gamble from $164.00 to $162.00 and set an "overweight" rating on the stock in a report on Thursday, July 16th. Finally, Barclays increased their price objective on shares of Procter & Gamble from $146.00 to $152.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 21st. Thirteen equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, Procter & Gamble currently has a consensus rating of "Moderate Buy" and an average target price of $161.19.

Procter & Gamble Stock Performance

NYSE PG opened at $143.71 on Friday. The firm has a market cap of $334.04 billion, a price-to-earnings ratio of 21.71, a PEG ratio of 4.43 and a beta of 0.39. The company has a 50 day moving average of $147.11 and a 200-day moving average of $148.28. The company has a current ratio of 0.68, a quick ratio of 0.47 and a debt-to-equity ratio of 0.43. Procter & Gamble Company has a 1-year low of $137.62 and a 1-year high of $167.25.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its earnings results on Wednesday, July 29th. The company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.41 by $0.02. The business had revenue of $21.20 billion for the quarter, compared to the consensus estimate of $21.38 billion. Procter & Gamble had a return on equity of 31.36% and a net margin of 18.44%.Procter & Gamble's revenue was up 1.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.48 EPS. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. On average, equities analysts forecast that Procter & Gamble Company will post 6.98 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Friday, July 24th were paid a $1.0885 dividend. The ex-dividend date of this dividend was Friday, July 24th. This represents a $4.35 dividend on an annualized basis and a yield of 3.0%. Procter & Gamble's payout ratio is currently 65.71%.

About Procter & Gamble

Procter & Gamble NYSE: PG is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world's largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G's product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.

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