Morse Asset Management Inc Has $924,000 Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Morse Asset Management Inc decreased its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 6.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,695 shares of the company’s stock after selling 412 shares during the quarter. Morse Asset Management Inc’s holdings in Procter & Gamble were worth $924,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in PG. Advantage Trust Co acquired a new stake in shares of Procter & Gamble during the fourth quarter worth $28,000. Naples Money Management LLC acquired a new position in Procter & Gamble in the fourth quarter valued at about $29,000. Transcendent Capital Group LLC acquired a new position in Procter & Gamble in the fourth quarter valued at about $31,000. Ruedi Wealth Management Inc. raised its stake in Procter & Gamble by 64.7% in the first quarter. Ruedi Wealth Management Inc. now owns 196 shares of the company’s stock valued at $32,000 after purchasing an additional 77 shares in the last quarter. Finally, Criterion Capital Advisors LLC acquired a new position in Procter & Gamble in the fourth quarter valued at about $33,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Stock Up 1.3 %

Procter & Gamble stock traded up $2.21 during trading on Friday, hitting $169.11. 5,581,557 shares of the company were exchanged, compared to its average volume of 5,702,593. The company has a market capitalization of $399.12 billion, a P/E ratio of 27.63, a PEG ratio of 3.18 and a beta of 0.41. The company has a current ratio of 0.69, a quick ratio of 0.48 and a debt-to-equity ratio of 0.49. The business’s 50 day moving average is $166.40 and its 200 day moving average is $161.67. The Procter & Gamble Company has a 52 week low of $141.45 and a 52 week high of $170.92.

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Friday, July 19th will be paid a $1.0065 dividend. The ex-dividend date is Friday, July 19th. This represents a $4.03 dividend on an annualized basis and a yield of 2.38%. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.85%.

Analyst Ratings Changes

A number of research firms recently commented on PG. TD Cowen began coverage on Procter & Gamble in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $189.00 price target for the company. JPMorgan Chase & Co. boosted their price target on Procter & Gamble from $170.00 to $181.00 and gave the company an “overweight” rating in a research note on Monday, July 22nd. Deutsche Bank Aktiengesellschaft boosted their price target on Procter & Gamble from $171.00 to $176.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Citigroup lifted their target price on Procter & Gamble from $177.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Finally, Evercore ISI lifted their target price on Procter & Gamble from $177.00 to $183.00 and gave the company an “outperform” rating in a research report on Thursday, July 18th. Seven research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $174.29.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, CEO Gary A. Coombe sold 21,388 shares of the company’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $164.98, for a total value of $3,528,592.24. Following the completion of the transaction, the chief executive officer now owns 36,854 shares in the company, valued at approximately $6,080,172.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Gary A. Coombe sold 21,388 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $164.98, for a total transaction of $3,528,592.24. Following the completion of the transaction, the chief executive officer now owns 36,854 shares in the company, valued at approximately $6,080,172.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Sundar G. Raman sold 31,924 shares of the stock in a transaction on Monday, May 20th. The stock was sold at an average price of $166.95, for a total value of $5,329,711.80. Following the transaction, the chief executive officer now owns 19,042 shares of the company’s stock, valued at approximately $3,179,061.90. The disclosure for this sale can be found here. Insiders sold 125,320 shares of company stock worth $20,696,223 in the last quarter. 0.17% of the stock is currently owned by company insiders.

Procter & Gamble Profile

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.