Cornerstone Wealth Group LLC Has $9.44 Million Stake in Procter & Gamble Company (The) $PG

Cornerstone Wealth Group LLC raised its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 3.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 59,251 shares of the company’s stock after buying an additional 2,164 shares during the period. Cornerstone Wealth Group LLC’s holdings in Procter & Gamble were worth $9,440,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Hudson Capital Management LLC increased its holdings in shares of Procter & Gamble by 1.7% during the second quarter. Hudson Capital Management LLC now owns 28,004 shares of the company’s stock worth $4,462,000 after buying an additional 474 shares in the last quarter. NorthRock Partners LLC grew its stake in shares of Procter & Gamble by 2.2% during the second quarter. NorthRock Partners LLC now owns 50,174 shares of the company’s stock valued at $7,994,000 after purchasing an additional 1,072 shares during the last quarter. Delaney Dennis R grew its stake in shares of Procter & Gamble by 1.2% during the second quarter. Delaney Dennis R now owns 41,040 shares of the company’s stock valued at $6,538,000 after purchasing an additional 500 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of Procter & Gamble by 0.5% during the second quarter. Oregon Public Employees Retirement Fund now owns 202,617 shares of the company’s stock valued at $32,281,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Concord Asset Management LLC VA grew its stake in shares of Procter & Gamble by 36.0% during the second quarter. Concord Asset Management LLC VA now owns 21,666 shares of the company’s stock valued at $3,452,000 after purchasing an additional 5,734 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Analyst Ratings Changes

PG has been the topic of several research analyst reports. Berenberg Bank increased their price target on shares of Procter & Gamble from $152.00 to $154.00 and gave the company a “hold” rating in a research note on Wednesday, September 17th. Barclays decreased their price target on shares of Procter & Gamble from $164.00 to $153.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 1st. Weiss Ratings reissued a “hold (c+)” rating on shares of Procter & Gamble in a research note on Wednesday, October 8th. Wells Fargo & Company decreased their price target on shares of Procter & Gamble from $173.00 to $170.00 and set an “overweight” rating on the stock in a research note on Thursday, September 25th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Procter & Gamble from $170.00 to $163.00 and set a “neutral” rating on the stock in a research note on Friday. Eleven research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $172.21.

Insider Activity at Procter & Gamble

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 transaction 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. This trade represents a 18.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Marc S. Pritchard sold 9,849 shares of Procter & Gamble stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total transaction of $1,548,952.23. Following the transaction, the insider directly owned 182,422 shares in the company, valued at approximately $28,689,507.94. This represents a 5.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 149,763 shares of company stock valued at $23,421,279. 0.20% of the stock is owned by corporate insiders.

Procter & Gamble Price Performance

Shares of PG stock opened at $147.54 on Tuesday. Procter & Gamble Company has a 52-week low of $146.96 and a 52-week high of $180.43. The stock has a market cap of $345.32 billion, a PE ratio of 22.66, a PEG ratio of 3.97 and a beta of 0.36. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.49 and a current ratio of 0.70. The firm’s 50 day moving average price is $155.18 and its two-hundred day moving average price is $159.27.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.06. The firm 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 business’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period last year, the firm earned $1.40 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. As a group, analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current year.

About Procter & Gamble

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.