Mechanics Bank Trust Department Has $5.90 Million Position in Procter & Gamble Company (The) $PG

Mechanics Bank Trust Department cut its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 15.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 38,371 shares of the company’s stock after selling 7,188 shares during the quarter. Mechanics Bank Trust Department’s holdings in Procter & Gamble were worth $5,896,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Brighton Jones LLC grew its holdings in shares of Procter & Gamble by 51.5% during the fourth quarter. Brighton Jones LLC now owns 40,068 shares of the company’s stock worth $6,717,000 after purchasing an additional 13,617 shares during the last quarter. Taylor Financial Group Inc. grew its holdings in Procter & Gamble by 10.6% during the 1st quarter. Taylor Financial Group Inc. now owns 2,891 shares of the company’s stock worth $493,000 after acquiring an additional 277 shares during the last quarter. Quarry LP acquired a new position in Procter & Gamble in the 1st quarter valued at approximately $33,000. Gotham Asset Management LLC raised its stake in shares of Procter & Gamble by 52.1% during the first quarter. Gotham Asset Management LLC now owns 62,927 shares of the company’s stock valued at $10,724,000 after acquiring an additional 21,566 shares during the last quarter. Finally, Raab & Moskowitz Asset Management LLC grew its stake in shares of Procter & Gamble by 5.6% in the first quarter. Raab & Moskowitz Asset Management LLC now owns 15,001 shares of the company’s stock worth $2,556,000 after purchasing an additional 789 shares during the last quarter. Institutional investors own 65.77% of the company’s stock.

Wall Street Analyst Weigh In

PG has been the subject of several analyst reports. Dbs Bank raised Procter & Gamble to a “hold” rating in a research report on Friday, December 5th. Barclays cut their price objective on Procter & Gamble from $153.00 to $151.00 and set an “equal weight” rating on the stock in a research note on Monday, December 8th. Berenberg Bank increased their target price on shares of Procter & Gamble from $152.00 to $154.00 and gave the company a “hold” rating in a research report on Wednesday, September 17th. Wells Fargo & Company dropped their price target on shares of Procter & Gamble from $173.00 to $170.00 and set an “overweight” rating on the stock in a research report on Thursday, September 25th. Finally, Jefferies Financial Group upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and increased their price objective for the stock from $156.00 to $179.00 in a research report on Tuesday, December 16th. Thirteen investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $171.38.

Insider Activity

In related news, CAO Matthew W. Janzaruk sold 725 shares of the stock in a transaction on Thursday, October 30th. The stock was sold at an average price of $149.57, for a total value of $108,438.25. Following the transaction, the chief accounting officer directly owned 979 shares in the company, valued at $146,429.03. This trade represents a 42.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.20% of the stock is currently owned by corporate insiders.

Procter & Gamble Stock Down 1.1%

Procter & Gamble stock opened at $141.77 on Monday. The company has a market capitalization of $331.29 billion, a PE ratio of 20.70, a PEG ratio of 4.78 and a beta of 0.39. Procter & Gamble Company has a 12-month low of $138.14 and a 12-month high of $179.99. The firm’s fifty day moving average is $145.94 and its 200 day moving average is $152.12. The company has a quick ratio of 0.51, a current ratio of 0.71 and a debt-to-equity ratio of 0.46.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Friday, October 24th. The company reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.09. The firm had revenue of $22.39 billion during the quarter, compared to the consensus estimate of $22.23 billion. Procter & Gamble had a net margin of 19.74% and a return on equity of 32.63%. The business’s revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.93 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.100 EPS. As a group, sell-side analysts predict that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Friday, October 24th were given a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, October 24th. Procter & Gamble’s dividend payout ratio is presently 61.61%.

About Procter & Gamble

Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.