Cornerstone Wealth Management LLC Raises Stock Holdings in Procter & Gamble Company (The) $PG

Cornerstone Wealth Management LLC raised its stake in Procter & Gamble Company (The) (NYSE:PG) by 3.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 105,168 shares of the company’s stock after purchasing an additional 3,437 shares during the period. Procter & Gamble accounts for 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 reporting period.

Several other hedge funds have also modified their holdings of PG. Halbert Hargrove Global Advisors LLC purchased a new position in shares of Procter & Gamble in the third quarter worth $25,000. Corundum Trust Company INC acquired a new position in shares of Procter & Gamble in the 3rd quarter valued at $32,000. Mid American Wealth Advisory Group Inc. purchased a new position in Procter & Gamble in the 2nd quarter worth $34,000. RMG Wealth Management LLC acquired a new stake in Procter & Gamble during the 2nd quarter worth about $37,000. Finally, Marquette Asset Management LLC purchased a new stake in Procter & Gamble during the 3rd quarter valued at about $37,000. 65.77% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Stock Up 1.3%

Shares of NYSE PG opened at $151.80 on Friday. The company has a market capitalization of $352.78 billion, a P/E ratio of 22.49, a P/E/G ratio of 4.98 and a beta of 0.39. Procter & Gamble Company has a 1 year low of $137.62 and a 1 year high of $179.99. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.72 and a quick ratio of 0.51. The company has a 50 day simple moving average of $144.89 and a 200-day simple moving average of $150.33.

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

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 17th. Investors of record on Friday, January 23rd will be issued a $1.0568 dividend. This represents a $4.23 annualized dividend and a yield of 2.8%. The ex-dividend date is Friday, January 23rd. Procter & Gamble’s payout ratio is 62.67%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Rothschild & Co Redburn raised their price objective on Procter & Gamble from $155.00 to $157.00 and gave the stock a “neutral” rating in a research note on Friday, January 23rd. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Procter & Gamble from $176.00 to $171.00 and set a “buy” rating for the company in a research note on Monday, December 8th. JPMorgan Chase & Co. upgraded shares of Procter & Gamble from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $157.00 to $165.00 in a research note on Friday, January 23rd. UBS Group raised their target price on shares of Procter & Gamble from $161.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, January 23rd. Finally, Jefferies Financial Group raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and upped their price target for the company from $156.00 to $179.00 in a report on Tuesday, December 16th. Thirteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $167.00.

Insider Buying and Selling

In other Procter & Gamble news, insider Marc S. Pritchard sold 95,903 shares of the stock in a transaction dated Friday, January 23rd. The shares were sold at an average price of $151.15, for a total transaction of $14,495,738.45. Following the completion of the transaction, the insider owned 182,607 shares of the company’s stock, valued at $27,601,048.05. This trade represents a 34.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.20% of the stock is owned by 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.