Procter & Gamble Company (The) $PG Shares Sold by Mengis Capital Management Inc.

Mengis Capital Management Inc. cut its stake in Procter & Gamble Company (The) (NYSE:PG) by 8.7% in the second quarter, HoldingsChannel reports. The fund owned 17,703 shares of the company’s stock after selling 1,680 shares during the period. Mengis Capital Management Inc.’s holdings in Procter & Gamble were worth $2,820,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the business. Galvin Gaustad & Stein LLC raised its stake in shares of Procter & Gamble by 12.3% during the 2nd quarter. Galvin Gaustad & Stein LLC now owns 105,122 shares of the company’s stock worth $16,748,000 after buying an additional 11,534 shares during the period. Cardano Risk Management B.V. raised its stake in shares of Procter & Gamble by 4.4% during the 2nd quarter. Cardano Risk Management B.V. now owns 781,181 shares of the company’s stock worth $124,458,000 after buying an additional 32,777 shares during the period. Pinion Investment Advisors LLC raised its stake in shares of Procter & Gamble by 1.6% during the 2nd quarter. Pinion Investment Advisors LLC now owns 6,418 shares of the company’s stock worth $1,023,000 after buying an additional 100 shares during the period. Stiles Financial Services Inc raised its stake in shares of Procter & Gamble by 4.1% during the 2nd quarter. Stiles Financial Services Inc now owns 23,956 shares of the company’s stock worth $3,816,000 after buying an additional 943 shares during the period. Finally, McKinley Carter Wealth Services Inc. raised its stake in shares of Procter & Gamble by 0.6% during the 2nd quarter. McKinley Carter Wealth Services Inc. now owns 33,504 shares of the company’s stock worth $5,338,000 after buying an additional 204 shares during the period. 65.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Procter & Gamble in a research note on Wednesday. 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. JPMorgan Chase & Co. reduced their price objective on Procter & Gamble from $170.00 to $163.00 and set a “neutral” rating for the company in a research note on Friday. Evercore ISI reissued an “in-line” rating and issued a $170.00 price objective (down from $190.00) on shares of Procter & Gamble in a research note on Monday, July 14th. Finally, Wells Fargo & Company reduced their price objective on 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 equities research 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 $172.21.

Procter & Gamble Stock Down 0.6%

Shares of NYSE:PG opened at $149.69 on Friday. The company has a quick ratio of 0.49, a current ratio of 0.70 and a debt-to-equity ratio of 0.49. The business has a fifty day moving average of $155.24 and a two-hundred day moving average of $159.53. The stock has a market cap of $350.34 billion, a P/E ratio of 22.99, a PEG ratio of 3.99 and a beta of 0.36. Procter & Gamble Company has a 52-week low of $149.45 and a 52-week high of $180.43.

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

Insider Buying and Selling at Procter & Gamble

In other news, insider Marc S. Pritchard sold 9,849 shares of the stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total transaction of $1,548,952.23. Following the completion of the transaction, the insider directly owned 182,422 shares in the company, valued at approximately $28,689,507.94. This represents a 5.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Shailesh Jejurikar sold 13,039 shares of the stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total value of $2,050,643.53. Following the transaction, the chief operating officer owned 28,036 shares of the company’s stock, valued at approximately $4,409,221.72. This represents a 31.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 149,763 shares of company stock worth $23,421,279. 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.