Corient Private Wealth LP Sells Stake in Procter & Gamble

Corient Private Wealth LP has reduced its stake in Procter & Gamble Company (NYSE:PG) by selling 281,010 shares in the second quarter. The fund now owns 2,209,755 shares of the company's stock after this sale, which represents a decrease of approximately 11.3% from the previous quarter.

The value of Corient Private Wealth LP's position in Procter & Gamble is around $324 million, accounting for about 0.10% of the company's total outstanding shares. This news comes as other institutional investors have also made changes to their positions in the company.

Procter & Gamble has reported a quarterly earnings per share (EPS) of $1.43, beating the consensus estimate of $1.41. The company's revenue for the quarter was $21.20 billion, up 1.5% compared to the same period last year.