Mechanics Bank Trust Department decreased its stake in shares of Procter & Gamble Co (NYSE:PG) by 7.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 41,289 shares of the company’s stock after selling 3,380 shares during the period. Mechanics Bank Trust Department’s holdings in Procter & Gamble were worth $3,756,000 as of its most recent filing with the SEC.
Several other hedge funds also recently made changes to their positions in the stock. Asset Planning Services Ltd. raised its position in shares of Procter & Gamble by 0.4% in the 2nd quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock valued at $104,000 after buying an additional 5 shares in the last quarter. Harding Loevner LP acquired a new position in Procter & Gamble during the 2nd quarter worth approximately $119,000. Kohmann Bosshard Financial Services LLC acquired a new position in Procter & Gamble during the 3rd quarter worth approximately $125,000. Blume Capital Management Inc. increased its position in Procter & Gamble by 25.4% during the 2nd quarter. Blume Capital Management Inc. now owns 1,482 shares of the company’s stock worth $129,000 after purchasing an additional 300 shares in the last quarter. Finally, Winfield Associates Inc. increased its position in Procter & Gamble by 0.7% during the 2nd quarter. Winfield Associates Inc. now owns 2,260 shares of the company’s stock worth $197,000 after purchasing an additional 15 shares in the last quarter. 59.56% of the stock is owned by institutional investors and hedge funds.
PG has been the topic of a number of research reports. Vetr raised shares of Procter & Gamble from a “sell” rating to a “hold” rating and set a $93.02 target price on the stock in a report on Friday, September 15th. Bank of America boosted their target price on shares of Procter & Gamble from $98.00 to $100.00 and gave the stock a “buy” rating in a report on Tuesday, September 19th. Jefferies Group reissued a “buy” rating and set a $104.00 target price (up from $103.00) on shares of Procter & Gamble in a report on Wednesday, September 20th. Goldman Sachs Group reaffirmed a “sell” rating on shares of Procter & Gamble in a research note on Wednesday, October 4th. Finally, Zacks Investment Research lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company. Procter & Gamble currently has a consensus rating of “Hold” and a consensus price target of $89.31.
Procter & Gamble Co (NYSE PG) traded down $0.54 on Friday, reaching $89.61. 8,107,288 shares of the company’s stock traded hands, compared to its average volume of 6,500,000. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.75 and a current ratio of 0.91. Procter & Gamble Co has a 1 year low of $83.37 and a 1 year high of $94.67. The firm has a market capitalization of $227,340.00, a P/E ratio of 23.96, a price-to-earnings-growth ratio of 2.88 and a beta of 0.67.
Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Friday, October 20th. The company reported $1.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.02. Procter & Gamble had a net margin of 23.72% and a return on equity of 20.35%. The firm had revenue of $16.65 billion for the quarter, compared to the consensus estimate of $16.69 billion. During the same quarter in the prior year, the company posted $1.03 earnings per share. The business’s revenue was up .8% on a year-over-year basis. analysts forecast that Procter & Gamble Co will post 4.19 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Friday, January 19th will be issued a $0.6896 dividend. The ex-dividend date is Thursday, January 18th. This represents a $2.76 annualized dividend and a dividend yield of 3.08%. Procter & Gamble’s dividend payout ratio is currently 73.80%.
In related news, insider Marylynn Fergusonmchugh sold 2,856 shares of the stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $92.98, for a total transaction of $265,550.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Carolyn M. Tastad sold 5,300 shares of the stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $89.18, for a total transaction of $472,654.00. Following the transaction, the insider now owns 57,191 shares of the company’s stock, valued at approximately $5,100,293.38. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,575 shares of company stock valued at $1,927,095. 0.35% of the stock is currently owned by corporate insiders.
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Procter & Gamble Profile
The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.
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