Procter & Gamble Company (The) $PG Shares Bought by Cornerstone Wealth Management LLC

Cornerstone Wealth Management LLC raised its holdings in Procter & Gamble Company (The) (NYSE:PG) by 3.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 105,168 shares of the company’s stock after acquiring an additional 3,437 shares during the quarter. Procter & Gamble comprises approximately 0.9% of Cornerstone Wealth Management LLC’s investment portfolio, making the stock its 20th largest holding. Cornerstone Wealth Management LLC’s holdings in Procter & Gamble were worth $16,159,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Brighton Jones LLC increased its holdings in Procter & Gamble by 51.5% during the 4th quarter. Brighton Jones LLC now owns 40,068 shares of the company’s stock worth $6,717,000 after purchasing an additional 13,617 shares during the period. Taylor Financial Group Inc. raised its holdings in Procter & Gamble by 10.6% in the first quarter. Taylor Financial Group Inc. now owns 2,891 shares of the company’s stock valued at $493,000 after acquiring an additional 277 shares in the last quarter. Sivia Capital Partners LLC lifted its stake in Procter & Gamble by 19.8% in the second quarter. Sivia Capital Partners LLC now owns 6,144 shares of the company’s stock worth $979,000 after acquiring an additional 1,016 shares during the last quarter. Auxano Advisors LLC grew its holdings in Procter & Gamble by 10.8% during the 2nd quarter. Auxano Advisors LLC now owns 7,315 shares of the company’s stock worth $1,165,000 after acquiring an additional 714 shares in the last quarter. Finally, HS Management Partners LLC increased its position in shares of Procter & Gamble by 22.4% in the 2nd quarter. HS Management Partners LLC now owns 277,895 shares of the company’s stock valued at $44,274,000 after purchasing an additional 50,775 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Up 1.3%

Shares of NYSE PG opened at $151.80 on Friday. The business has a 50-day moving average price of $144.89 and a 200 day moving average price of $150.33. The stock has a market cap of $352.78 billion, a PE ratio of 22.49, a price-to-earnings-growth ratio of 4.98 and a beta of 0.39. The company has a quick ratio of 0.51, a current ratio of 0.72 and a debt-to-equity ratio of 0.49. Procter & Gamble Company has a 52-week low of $137.62 and a 52-week high of $179.99.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Thursday, January 22nd. The company reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.02. The company had revenue of $22.21 billion during the quarter, compared to analysts’ expectations of $22.36 billion. Procter & Gamble had a return on equity of 32.21% and a net margin of 19.30%.The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.88 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Equities research analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 17th. Shareholders of record on Friday, January 23rd will be given a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Friday, January 23rd. Procter & Gamble’s dividend payout ratio (DPR) is presently 62.67%.

Analysts Set New Price Targets

PG has been the subject of a number of analyst reports. Bank of America lowered their target price 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, October 8th. Rothschild & Co Redburn upped their price objective on Procter & Gamble from $155.00 to $157.00 and gave the stock a “neutral” rating in a research report on Friday, January 23rd. JPMorgan Chase & Co. upgraded Procter & Gamble from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $157.00 to $165.00 in a report on Friday, January 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Procter & Gamble in a research note on Monday, December 29th. Finally, TD Cowen downgraded Procter & Gamble from a “buy” rating to a “hold” rating and upped their price target for the company from $150.00 to $156.00 in a report on Tuesday. Thirteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $167.00.

Insider Buying and Selling

In other news, insider Marc S. Pritchard sold 95,903 shares of the company’s stock in a transaction dated Friday, January 23rd. The shares were sold at an average price of $151.15, for a total value of $14,495,738.45. Following the completion of the sale, the insider directly owned 182,607 shares of the company’s stock, valued at approximately $27,601,048.05. This represents a 34.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.20% of the company’s stock.

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.