Procter & Gamble Company (The) $PG Shares Sold by Mechanics Bank Trust Department

Mechanics Bank Trust Department decreased its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 15.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 45,559 shares of the company’s stock after selling 8,221 shares during the period. Procter & Gamble accounts for 1.0% of Mechanics Bank Trust Department’s portfolio, making the stock its 26th largest position. Mechanics Bank Trust Department’s holdings in Procter & Gamble were worth $7,258,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Benjamin Edwards Inc. raised its position in Procter & Gamble by 120.7% in the first quarter. Benjamin Edwards Inc. now owns 364,378 shares of the company’s stock valued at $62,098,000 after purchasing an additional 199,258 shares during the period. Capital Investment Advisory Services LLC grew its holdings in Procter & Gamble by 13.8% during the 1st quarter. Capital Investment Advisory Services LLC now owns 37,709 shares of the company’s stock worth $6,426,000 after acquiring an additional 4,562 shares in the last quarter. World Investment Advisors raised its stake in Procter & Gamble by 6.0% during the first quarter. World Investment Advisors now owns 50,913 shares of the company’s stock valued at $8,677,000 after buying an additional 2,886 shares in the last quarter. Concurrent Investment Advisors LLC increased its holdings in shares of Procter & Gamble by 26.4% in the 1st quarter. Concurrent Investment Advisors LLC now owns 120,002 shares of the company’s stock valued at $20,451,000 after acquiring an additional 25,059 shares during the last quarter. Finally, Kelly Financial Services LLC lifted its position in shares of Procter & Gamble by 8.7% in the 1st quarter. Kelly Financial Services LLC now owns 1,727 shares of the company’s stock worth $294,000 after buying an additional 138 shares during the last quarter. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on PG. Barclays set a $164.00 price objective on Procter & Gamble and gave the company an “equal weight” rating in a research report on Thursday, July 31st. UBS Group set a $180.00 price target on Procter & Gamble and gave the company a “buy” rating in a research report on Wednesday, July 30th. Evercore ISI reiterated 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. BNP Paribas reaffirmed an “outperform” rating and set a $177.00 target price on shares of Procter & Gamble in a report on Friday, August 15th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $170.00 target price (down previously from $178.00) on shares of Procter & Gamble in a report on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $173.94.

Procter & Gamble Price Performance

Shares of Procter & Gamble stock opened at $156.15 on Monday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.49 and a current ratio of 0.70. The firm’s 50-day simple moving average is $156.16 and its 200-day simple moving average is $161.19. Procter & Gamble Company has a twelve month low of $149.91 and a twelve month high of $180.43. The firm has a market cap of $365.47 billion, a P/E ratio of 23.99, a price-to-earnings-growth ratio of 4.12 and a beta of 0.36.

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, topping analysts’ consensus estimates of $1.42 by $0.06. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%.The business had revenue of $20.89 billion during the quarter, compared to analysts’ expectations of $20.79 billion. During the same period in the prior year, the firm posted $1.40 EPS. Procter & Gamble’s quarterly revenue was up 1.7% compared to the same quarter last year. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. As a group, research analysts expect that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, July 18th were given a $1.0568 dividend. This represents a $4.23 annualized dividend and a yield of 2.7%. The ex-dividend date was Friday, July 18th. Procter & Gamble’s dividend payout ratio (DPR) is presently 64.98%.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, CEO Gary A. Coombe sold 10,194 shares of the firm’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $158.16, for a total value of $1,612,283.04. Following the completion of the sale, the chief executive officer owned 34,978 shares in the company, valued at approximately $5,532,120.48. This trade represents a 22.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Susan Street Whaley sold 1,000 shares of the stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $156.84, for a total transaction of $156,840.00. Following the sale, the insider directly owned 28,436 shares in the company, valued at $4,459,902.24. This trade represents a 3.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 120,181 shares of company stock worth $18,918,012. Corporate insiders own 0.20% of the company’s stock.

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.