Cwm LLC Boosts Holdings in Procter & Gamble Company (The) $PG

Key Points

• Cwm LLC increased its holdings in Procter & Gamble Company by 7.5% in the 2nd quarter, owning a total of 525,837 shares valued at approximately $83.8 million.
• Procter & Gamble reported $1.48 EPS for the last quarter, exceeding analysts' expectations, with revenue reaching $20.89 billion, a 1.7% year-over-year increase.
• Several institutional investors made recent changes to their positions in Procter & Gamble, with 65.77% of the company's stock now held by hedge funds and institutional investors.

Cwm LLC grew its holdings in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 7.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 525,837 shares of the company's stock after purchasing an additional 36,752 shares during the quarter. Cwm LLC's holdings in Procter & Gamble were worth $83,776,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in PG. Nova Wealth Management Inc. purchased a new position in shares of Procter & Gamble in the first quarter valued at approximately $26,000. Signature Resources Capital Management LLC lifted its stake in Procter & Gamble by 67.9% in the second quarter. Signature Resources Capital Management LLC now owns 178 shares of the company's stock worth $28,000 after acquiring an additional 72 shares during the last quarter. Quarry LP purchased a new position in Procter & Gamble in the first quarter worth approximately $33,000. Mizuho Securities Co. Ltd. lifted its stake in Procter & Gamble by 566.7% in the first quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company's stock worth $34,000 after acquiring an additional 170 shares during the last quarter. Finally, RMG Wealth Management LLC purchased a new position in Procter & Gamble in the second quarter worth approximately $37,000. Hedge funds and other institutional investors own 65.77% of the company's stock.

Procter & Gamble Stock Performance

Shares of Procter & Gamble stock opened at $149.69 on Friday. The firm's fifty day simple moving average is $155.24 and its 200-day simple moving average is $159.48. The stock has a market capitalization of $350.34 billion, a price-to-earnings ratio of 22.99, a PEG ratio of 3.97 and a beta of 0.36. Procter & Gamble Company has a 12 month low of $149.45 and a 12 month 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.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its earnings results on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, beating analysts' consensus estimates of $1.42 by $0.06. The business had revenue of $20.89 billion for the quarter, compared to analysts' expectations of $20.79 billion. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The company's quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.40 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. As a group, equities analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. BNP Paribas reiterated an "outperform" rating and issued a $177.00 price target on shares of Procter & Gamble in a research note on Friday, August 15th. UBS Group decreased their price target 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. Bank of America decreased their price target on shares of Procter & Gamble from $180.00 to $174.00 and set a "buy" rating for the company in a research note on Wednesday. JPMorgan Chase & Co. decreased their price target on shares of Procter & Gamble from $170.00 to $163.00 and set a "neutral" rating for the company in a research note on Friday. Finally, Berenberg Bank lifted their price target on shares of Procter & Gamble from $152.00 to $154.00 and gave the stock a "hold" rating in a research note on Wednesday, September 17th. Eleven equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $172.21.

Insiders Place Their Bets

In other news, CFO Andre Schulten sold 11,638 shares of Procter & Gamble stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total value of $1,830,308.26. Following the transaction, the chief financial officer directly owned 52,642 shares of the company's stock, valued at $8,279,007.34. The trade was a 18.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jon R. Moeller sold 40,119 shares of Procter & Gamble stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total transaction of $6,309,515.13. Following the completion of the transaction, the chief executive officer directly owned 319,375 shares in the company, valued at $50,228,106.25. The trade was a 11.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 149,763 shares of company stock worth $23,421,279. Corporate insiders own 0.20% of the company's stock.

Procter & Gamble Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.