Procter & Gamble Company (The) $PG Shares Sold by Corient Private Wealth LP

Key Points

• Corient Private Wealth LP reduced its Procter & Gamble position by 11.3% in the second quarter, selling 281,010 shares. The firm still held 2.21 million shares worth approximately $324.1 million.
• Procter & Gamble reported quarterly EPS of $1.43, beating estimates of $1.41, while revenue rose 1.5% year over year to $21.20 billion but fell short of expectations. The company pays an annualized dividend of $4.35 per share, yielding about 3.0%.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $161.19 versus the stock’s reported price of $142.90. Recent insider transactions, however, included sales by two executives.

Corient Private Wealth LP lowered its position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 11.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,209,755 shares of the company's stock after selling 281,010 shares during the quarter. Corient Private Wealth LP owned approximately 0.10% of Procter & Gamble worth $324,062,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. E Fund Management Hong Kong Co. Ltd. boosted its stake in Procter & Gamble by 1,000.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 165 shares of the company's stock worth $25,000 after purchasing an additional 150 shares during the last quarter. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Procter & Gamble in the second quarter valued at about $26,000. Litman Gregory Wealth Management LLC acquired a new stake in shares of Procter & Gamble in the fourth quarter valued at about $26,000. Park Square Financial Group LLC lifted its stake in shares of Procter & Gamble by 65.1% in the fourth quarter. Park Square Financial Group LLC now owns 180 shares of the company's stock worth $26,000 after buying an additional 71 shares in the last quarter. Finally, Evolution Wealth Management Inc. lifted its stake in shares of Procter & Gamble by 1,315.4% in the fourth quarter. Evolution Wealth Management Inc. now owns 184 shares of the company's stock worth $26,000 after buying an additional 171 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company's stock.

Procter & Gamble Trading Up 0.2%

PG opened at $142.90 on Friday. Procter & Gamble Company has a 52 week low of $137.62 and a 52 week high of $167.25. The company has a quick ratio of 0.47, a current ratio of 0.68 and a debt-to-equity ratio of 0.43. The business has a fifty day simple moving average of $146.45 and a 200-day simple moving average of $147.32. The firm has a market cap of $331.90 billion, a P/E ratio of 21.59, a P/E/G ratio of 3.54 and a beta of 0.39.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.02. Procter & Gamble had a return on equity of 31.36% and a net margin of 18.44%.The firm had revenue of $21.20 billion for the quarter, compared to the consensus estimate of $21.38 billion. During the same quarter in the previous year, the business earned $1.48 EPS. The company's quarterly revenue was up 1.5% compared to the same quarter last year. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. On average, equities analysts expect that Procter & Gamble Company will post 6.99 earnings per share for the current year.

Procter & Gamble Announces Dividend

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

Insider Activity at Procter & Gamble

In other Procter & Gamble news, CAO Matthew Janzaruk sold 359 shares of the firm's stock in a transaction on Monday, August 24th. The stock was sold at an average price of $145.24, for a total value of $52,141.16. Following the sale, the chief accounting officer directly owned 1,271 shares in the company, valued at $184,600.04. This trade represents a 22.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Susan Whaley sold 2,238 shares of Procter & Gamble stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $143.79, for a total value of $321,802.02. Following the sale, the insider directly owned 26,989 shares of the company's stock, valued at $3,880,748.31. This trade represents a 7.66% decrease in their ownership of the stock. 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. Insiders have sold 6,627 shares of company stock valued at $953,417 over the last quarter. 0.23% of the stock is owned by insiders.

Analyst Ratings Changes

PG has been the subject of several research reports. Bank of America dropped their price objective on shares of Procter & Gamble from $170.00 to $166.00 and set a "buy" rating for the company in a research note on Friday, July 10th. Jefferies Financial Group boosted their target price on Procter & Gamble from $177.00 to $179.00 and gave the stock a "buy" rating in a report on Friday, June 26th. Citigroup dropped their price target on Procter & Gamble from $181.00 to $170.00 and set a "buy" rating for the company in a research report on Thursday, July 30th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Procter & Gamble in a report on Wednesday, August 19th. Finally, HSBC reiterated a "hold" rating and set a $149.00 price objective (down from $182.00) on shares of Procter & Gamble in a research report on Thursday, July 30th. Thirteen research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $161.19.

Procter & Gamble Profile

Procter & Gamble Company is a global consumer products company that develops, manufactures and markets branded products used in households and personal care. Its portfolio spans beauty, grooming, health care, fabric and home care, and family care products.

The company's brands include Tide, Ariel, Downy, Dawn, Febreze, Bounty, Charmin, Pampers, Gillette, Oral-B, Crest, Head & Shoulders, Olay and Pantene. These products are sold through retailers, e-commerce platforms and other distribution channels.

Procter & Gamble was founded in Cincinnati in 1837 by William Procter and James Gamble.

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