Corient Private Wealth LP Makes New $335.91 Million Investment in Procter & Gamble Company (The) $PG

Corient Private Wealth LP acquired a new stake in Procter & Gamble Company (The) (NYSE:PG) during the second quarter, according to its most recent filing with the SEC. The firm acquired 3,035,550 shares of the company’s stock, valued at approximately $335,908,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. E Fund Management Hong Kong Co. Ltd. lifted its stake in shares of Procter & Gamble by 1,000.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 165 shares of the company’s stock valued at $25,000 after acquiring an additional 150 shares during the period. Park Square Financial Group LLC increased its position in 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 purchasing an additional 71 shares during the period. Evolution Wealth Management Inc. increased its position in 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 purchasing an additional 171 shares during the period. Mowery & Schoenfeld Wealth Management LLC bought a new stake in Procter & Gamble during the 2nd quarter worth about $26,000. Finally, Litman Gregory Wealth Management LLC bought a new stake in Procter & Gamble during the 4th quarter worth about $26,000. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Stock Up 0.4%

NYSE:PG opened at $143.71 on Friday. Procter & Gamble Company has a 1 year low of $137.62 and a 1 year high of $167.25. The stock has a 50-day moving average price of $147.11 and a two-hundred day moving average price of $148.28. The stock 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 current ratio of 0.68, a quick ratio of 0.47 and a debt-to-equity ratio of 0.43.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Wednesday, July 29th. The company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.02. Procter & Gamble had a return on equity of 31.36% and a net margin of 18.44%.The company had revenue of $21.20 billion for the quarter, compared to analyst estimates of $21.38 billion. During the same quarter last year, the firm posted $1.48 earnings per share. Procter & Gamble’s 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. As a group, equities analysts expect that Procter & Gamble Company will post 6.98 earnings per share for the current year.

Procter & Gamble Dividend Announcement

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

Analyst Upgrades and Downgrades

PG has been the topic of several recent research reports. BMO Capital Markets raised their target price on shares of Procter & Gamble from $169.00 to $170.00 and gave the company an “outperform” rating in a research note on Monday, June 29th. Citigroup dropped their price target on shares of Procter & Gamble from $181.00 to $170.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Sanford C. Bernstein restated a “market perform” rating and issued a $149.00 price objective on shares of Procter & Gamble in a report on Monday, August 24th. Jefferies Financial Group raised their price objective on shares of Procter & Gamble from $177.00 to $179.00 and gave the company a “buy” rating in a research note on Friday, June 26th. Finally, Bank of America lowered their target price on shares of Procter & Gamble from $170.00 to $166.00 and set a “buy” rating for the company in a report on Friday, July 10th. Thirteen investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $161.19.

Insider Buying and Selling at Procter & Gamble

In related news, insider Marc S. Pritchard sold 4,030 shares of the business’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $143.79, for a total value of $579,473.70. Following the sale, the insider directly owned 187,001 shares of the company’s stock, valued at approximately $26,888,873.79. The trade was a 2.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Susan Street Whaley sold 2,238 shares of the company’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $143.79, for a total transaction of $321,802.02. Following the completion of the transaction, the insider directly owned 26,989 shares of the company’s stock, valued at approximately $3,880,748.31. The trade was a 7.66% 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. 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.

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.