Morton Capital Management LLC CA Cuts Stock Position in Procter & Gamble Company (The) $PG

Morton Capital Management LLC CA lessened its holdings in Procter & Gamble Company (The) (NYSE:PG) by 2.9% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 22,422 shares of the company’s stock after selling 673 shares during the period. Procter & Gamble accounts for approximately 0.6% of Morton Capital Management LLC CA’s holdings, making the stock its 19th biggest position. Morton Capital Management LLC CA’s holdings in Procter & Gamble were worth $3,572,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Nova Wealth Management Inc. bought a new stake in shares of Procter & Gamble in the first quarter worth about $26,000. Signature Resources Capital Management LLC increased its holdings in shares of Procter & Gamble by 67.9% in the second quarter. Signature Resources Capital Management LLC now owns 178 shares of the company’s stock worth $28,000 after purchasing an additional 72 shares during the last quarter. Quarry LP bought a new stake in shares of Procter & Gamble in the first quarter worth about $33,000. Mizuho Securities Co. Ltd. increased its holdings in shares of Procter & Gamble by 566.7% in the first quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company’s stock worth $34,000 after purchasing an additional 170 shares during the last quarter. Finally, RMG Wealth Management LLC bought a new stake in shares of Procter & Gamble in the second quarter worth about $37,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, CFO Andre Schulten sold 11,638 shares of the business’s stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total transaction of $1,830,308.26. Following the completion of the transaction, the chief financial officer owned 52,642 shares in the company, valued at $8,279,007.34. The trade was a 18.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jon R. Moeller sold 40,119 shares of the business’s stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total value of $6,309,515.13. Following the transaction, the chief executive officer owned 319,375 shares of the company’s stock, valued at $50,228,106.25. This trade represents a 11.16% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 149,763 shares of company stock valued at $23,421,279. 0.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

PG has been the topic of several research reports. Barclays reduced their target price on Procter & Gamble from $164.00 to $153.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 1st. Evercore ISI reaffirmed an “in-line” rating and issued a $170.00 target price (down from $190.00) on shares of Procter & Gamble in a report on Monday, July 14th. UBS Group set a $180.00 target price on Procter & Gamble and gave the stock a “buy” rating in a report on Wednesday, July 30th. BNP Paribas Exane reduced their target price on Procter & Gamble from $177.00 to $172.00 and set an “outperform” rating on the stock in a report on Tuesday, September 23rd. Finally, BNP Paribas reiterated an “outperform” rating and issued a $177.00 price target on shares of Procter & Gamble in a research report on Friday, August 15th. Eleven analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $173.11.

Procter & Gamble Trading Up 1.5%

PG opened at $152.60 on Wednesday. The firm has a market cap of $357.16 billion, a P/E ratio of 23.44, a P/E/G ratio of 4.13 and a beta of 0.36. Procter & Gamble Company has a 12 month low of $149.91 and a 12 month high of $180.43. The company has a current ratio of 0.70, a quick ratio of 0.49 and a debt-to-equity ratio of 0.49. The stock has a 50-day moving average of $155.30 and a 200 day moving average of $159.79.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.42 by $0.06. The company had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.79 billion. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%.The firm’s revenue was up 1.7% on a year-over-year basis. During the same quarter last year, the business posted $1.40 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. As a group, research analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Profile

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.