Morton Capital Management LLC CA Lowers Holdings in Procter & Gamble Company (The) $PG

Morton Capital Management LLC CA decreased its position in Procter & Gamble Company (The) (NYSE:PG) by 2.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 22,422 shares of the company’s stock after selling 673 shares during the period. Procter & Gamble accounts for about 0.6% of Morton Capital Management LLC CA’s investment portfolio, 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 reporting period.

A number of other large investors have also recently modified their holdings of PG. Brighton Jones LLC boosted its holdings in shares of Procter & Gamble by 51.5% in the fourth quarter. Brighton Jones LLC now owns 40,068 shares of the company’s stock valued at $6,717,000 after purchasing an additional 13,617 shares during the period. Taylor Financial Group Inc. boosted its holdings in shares of Procter & Gamble by 10.6% in the first quarter. Taylor Financial Group Inc. now owns 2,891 shares of the company’s stock valued at $493,000 after purchasing an additional 277 shares during the period. Wedge Capital Management L L P NC boosted its holdings in shares of Procter & Gamble by 2.9% in the first quarter. Wedge Capital Management L L P NC now owns 4,138 shares of the company’s stock valued at $705,000 after purchasing an additional 116 shares during the period. NewSquare Capital LLC boosted its holdings in shares of Procter & Gamble by 402.6% in the first quarter. NewSquare Capital LLC now owns 779 shares of the company’s stock valued at $133,000 after purchasing an additional 624 shares during the period. Finally, Octavia Wealth Advisors LLC boosted its holdings in shares of Procter & Gamble by 1.1% in the first quarter. Octavia Wealth Advisors LLC now owns 60,908 shares of the company’s stock valued at $10,380,000 after purchasing an additional 667 shares during the period. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Analyst Ratings Changes

PG has been the subject of a number of recent research reports. Evercore ISI reissued an “in-line” rating and issued a $170.00 price objective (down previously from $190.00) on shares of Procter & Gamble in a research note on Monday, July 14th. Barclays reduced their price objective on shares of Procter & Gamble from $164.00 to $153.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 1st. BNP Paribas reissued an “outperform” rating and issued a $177.00 price objective on shares of Procter & Gamble in a research note on Friday, August 15th. Berenberg Bank boosted their price objective on shares of Procter & Gamble from $152.00 to $154.00 and gave the stock a “hold” rating in a research note on Wednesday, September 17th. Finally, Wells Fargo & Company reduced their price objective on shares of Procter & Gamble from $173.00 to $170.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. Eleven research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $173.11.

Procter & Gamble Stock Performance

Shares of PG stock opened at $152.60 on Wednesday. The business’s fifty day simple moving average is $155.30 and its 200-day simple moving average is $159.79. The company has a market cap of $357.16 billion, a PE ratio of 23.44, a PEG ratio of 4.13 and a beta of 0.36. The company has a current ratio of 0.70, a quick ratio of 0.49 and a debt-to-equity ratio of 0.49. Procter & Gamble Company has a 12-month low of $149.91 and a 12-month high of $180.43.

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

Insider Buying and Selling at Procter & Gamble

In other news, CEO Gary A. Coombe sold 10,194 shares of the company’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $158.16, for a total transaction of $1,612,283.04. Following the transaction, the chief executive officer directly owned 34,978 shares of the company’s stock, valued at approximately $5,532,120.48. This represents a 22.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Andre Schulten sold 11,638 shares of the company’s stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total value of $1,830,308.26. Following the transaction, the chief financial officer directly owned 52,642 shares in the company, valued at approximately $8,279,007.34. The trade was a 18.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 149,763 shares of company stock valued at $23,421,279. Corporate insiders own 0.20% of the company’s stock.

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.