Coastal Bridge Advisors Invests Heavily in Procter & Gamble

Coastal Bridge Advisors LLC made a significant investment in Procter & Gamble (PG) by purchasing 24,080 shares worth approximately $3.53 million during the second quarter.

This is not an isolated instance; other institutional investors have also increased their stakes in PG. BlackRock Inc., for example, acquired a new position valued at $27.86 billion in the same period.

PG's stock has shown resilience despite varying analyst predictions. Barclays upgraded its price target to $152, while Bank of America reduced it to $166. Despite this, 13 analysts have given PG a 'Buy' rating and 11 a 'Hold', resulting in an average rating of 'Moderate Buy' with a consensus price target of $161.19.

PG's quarterly dividend paid on August 17th was $1.0885 per share, representing a 3.0% yield and a payout ratio of 65.71%. The company has set its FY 2027 guidance at EPS of $6.89-$7.11.