Corient Private Wealth LP Grows Stock Holdings in Procter & Gamble Company (The) $PG

Key Points

• Corient Private Wealth increased its Procter & Gamble stake by 22.1% in the second quarter, acquiring 550,915 additional shares and bringing its holdings to 3.04 million shares valued at approximately $446 million.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $161.19, despite some recent target reductions and a downgrade to “hold.”
• Procter & Gamble reported quarterly EPS of $1.43, slightly above estimates, while revenue rose 1.5% year over year to $21.20 billion. The company also paid a quarterly dividend of $1.0885, equivalent to a roughly 3.0% annual yield.

Corient Private Wealth LP boosted its stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 22.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,041,680 shares of the company's stock after acquiring an additional 550,915 shares during the period. Corient Private Wealth LP owned 0.13% of Procter & Gamble worth $446,032,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of Procter & Gamble by 1,000.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 165 shares of the company's stock valued at $25,000 after purchasing an additional 150 shares during the period. Park Square Financial Group LLC raised its stake in shares of Procter & Gamble by 65.1% during the fourth quarter. Park Square Financial Group LLC now owns 180 shares of the company's stock worth $26,000 after purchasing an additional 71 shares during the last quarter. Evolution Wealth Management Inc. lifted its holdings in shares of Procter & Gamble by 1,315.4% during the fourth quarter. Evolution Wealth Management Inc. now owns 184 shares of the company's stock worth $26,000 after purchasing an additional 171 shares during the period. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Procter & Gamble during the second quarter worth $26,000. Finally, Litman Gregory Wealth Management LLC purchased a new position in Procter & Gamble in the 4th quarter valued at $26,000. 65.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Procter & Gamble

In other Procter & Gamble 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 directly owned 1,271 shares in the company, valued at approximately $184,600.04. This represents a 22.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Marc S. Pritchard sold 4,030 shares of the stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $143.79, for a total transaction of $579,473.70. Following the completion of the transaction, the insider directly owned 187,001 shares of the company's stock, valued at approximately $26,888,873.79. This trade represents a 2.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 6,627 shares of company stock worth $953,417 over the last 90 days. Company insiders own 0.20% of the company's stock.

Analysts Set New Price Targets

PG has been the topic of several recent research reports. Argus cut shares of Procter & Gamble from a "buy" rating to a "hold" rating in a research note on Friday, August 7th. BMO Capital Markets raised their target price on shares of Procter & Gamble from $169.00 to $170.00 and gave the stock an "outperform" rating in a research note on Monday, June 29th. Bank of America lowered their target price on shares of Procter & Gamble from $170.00 to $166.00 and set a "buy" rating on the stock in a report on Friday, July 10th. Jefferies Financial Group boosted their price target on shares of Procter & Gamble from $177.00 to $179.00 and gave the stock a "buy" rating in a research note on Friday, June 26th. Finally, Sanford C. Bernstein reissued a "market perform" rating and set a $149.00 price target on shares of Procter & Gamble in a report on Monday, August 24th. Thirteen research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company's stock. According to MarketBeat.com, Procter & Gamble currently has a consensus rating of "Moderate Buy" and an average price target of $161.19.

Procter & Gamble Trading Up 0.4%

Shares of PG stock opened at $143.71 on Friday. The business's fifty day moving average price is $147.11 and its 200 day moving average price is $148.28. Procter & Gamble Company has a 1-year low of $137.62 and a 1-year high of $167.25. The firm has a market capitalization of $334.04 billion, a PE ratio of 21.71, a P/E/G ratio of 4.43 and a beta of 0.39. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.68 and a quick ratio of 0.47.

Procter & Gamble (NYSE:PG - Get Free Report) last released its earnings results on Wednesday, July 29th. The company reported $1.43 EPS for the quarter, beating analysts' consensus estimates of $1.41 by $0.02. The company had revenue of $21.20 billion during 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 quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.48 earnings per share. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. As a group, sell-side analysts forecast that Procter & Gamble Company will post 6.98 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

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

Procter & Gamble Profile

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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