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

Corient Private Wealth LP lowered its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 11.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,209,755 shares of the company’s stock after selling 281,010 shares during the period. Corient Private Wealth LP’s holdings in Procter & Gamble were worth $324,062,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in PG. California State Teachers Retirement System increased its position in Procter & Gamble by 14,323.0% during the second quarter. California State Teachers Retirement System now owns 516,914,798 shares of the company’s stock worth $75,800,386,000 after buying an additional 513,330,829 shares during the period. BlackRock Inc. acquired a new stake in shares of Procter & Gamble in the second quarter valued at approximately $27,862,105,000. Norges Bank purchased a new position in shares of Procter & Gamble during the fourth quarter worth approximately $4,664,783,000. Bank of America Corp DE acquired a new position in shares of Procter & Gamble in the 2nd quarter valued at $3,850,628,000. Finally, Bank of New York Mellon Corp purchased a new stake in Procter & Gamble in the 2nd quarter valued at $2,281,505,000. 65.77% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Procter & Gamble news, insider Susan 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 value of $321,802.02. Following the sale, the insider owned 26,989 shares of the company’s stock, valued at approximately $3,880,748.31. This represents a 7.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Marc Pritchard sold 4,030 shares of Procter & Gamble stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $143.79, for a total value of $579,473.70. Following the transaction, the insider directly owned 187,001 shares of the company’s stock, valued at $26,888,873.79. This trade represents a 2.11% decrease in their position. 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 ninety days, insiders have sold 6,627 shares of company stock worth $953,417. 0.23% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

PG has been the subject of a number of recent research reports. Bank of America decreased their price target 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. Barclays upped their price objective on Procter & Gamble from $146.00 to $152.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 21st. Royal Bank Of Canada reiterated an “outperform” rating on shares of Procter & Gamble in a research note on Wednesday, August 19th. Argus lowered Procter & Gamble from a “buy” rating to a “hold” rating in a report on Friday, August 7th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and set a $149.00 price target on shares of Procter & Gamble in a report on Monday, August 24th. Thirteen equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Procter & Gamble presently has a consensus rating of “Moderate Buy” and an average target price of $161.19.

Procter & Gamble Price Performance

Shares of NYSE PG opened at $142.90 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.47 and a current ratio of 0.68. Procter & Gamble Company has a one year low of $137.62 and a one year high of $167.25. The firm has a market capitalization of $331.90 billion, a P/E ratio of 21.59, a PEG ratio of 3.54 and a beta of 0.39. The company’s fifty day moving average is $146.45 and its two-hundred day moving average is $147.32.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data 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 net margin of 18.44% and a return on equity of 31.36%. 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 firm earned $1.48 earnings per share. The firm’s revenue was up 1.5% on a year-over-year basis. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. Analysts forecast that Procter & Gamble Company will post 6.99 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

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

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.