Mengis Capital Management Inc. Grows Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Mengis Capital Management Inc. increased its position in shares of The Procter & Gamble Company (NYSE:PG) by 0.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 19,433 shares of the company’s stock after purchasing an additional 182 shares during the period. Mengis Capital Management Inc.’s holdings in Procter & Gamble were worth $3,258,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Pine Valley Investments Ltd Liability Co raised its position in shares of Procter & Gamble by 4.7% in the 4th quarter. Pine Valley Investments Ltd Liability Co now owns 34,853 shares of the company’s stock worth $5,843,000 after acquiring an additional 1,551 shares in the last quarter. Addison Advisors LLC boosted its stake in Procter & Gamble by 10.8% in the 4th quarter. Addison Advisors LLC now owns 8,854 shares of the company’s stock worth $1,484,000 after purchasing an additional 866 shares in the last quarter. Prasad Wealth Partners LLC acquired a new position in Procter & Gamble during the 4th quarter valued at approximately $207,000. BankPlus Trust Department purchased a new position in shares of Procter & Gamble in the fourth quarter worth $3,832,000. Finally, GHE LLC lifted its position in Procter & Gamble by 1.9% during the 4th quarter. GHE LLC now owns 8,887 shares of the company’s stock worth $1,539,000 after acquiring an additional 163 shares during the period. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Price Performance

Shares of PG opened at $170.41 on Tuesday. The company has a market capitalization of $399.59 billion, a price-to-earnings ratio of 27.14, a price-to-earnings-growth ratio of 3.76 and a beta of 0.45. The Procter & Gamble Company has a fifty-two week low of $153.52 and a fifty-two week high of $180.43. The firm has a 50-day simple moving average of $166.02 and a 200-day simple moving average of $169.44. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.02. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The firm had revenue of $21.88 billion for the quarter, compared to analyst estimates of $21.66 billion. During the same period last year, the firm posted $1.84 EPS. Procter & Gamble’s quarterly revenue was up 2.1% on a year-over-year basis. On average, equities research analysts anticipate that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 24th were given a $1.0065 dividend. The ex-dividend date was Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a yield of 2.36%. Procter & Gamble’s payout ratio is currently 64.01%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on PG shares. UBS Group reaffirmed a “buy” rating on shares of Procter & Gamble in a report on Monday, February 10th. Barclays raised their price target on shares of Procter & Gamble from $155.00 to $159.00 and gave the company an “equal weight” rating in a research note on Thursday, January 23rd. DA Davidson reaffirmed a “buy” rating and set a $209.00 target price on shares of Procter & Gamble in a research note on Thursday, January 23rd. Piper Sandler cut their price target on Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating for the company in a report on Monday. Finally, Stifel Nicolaus increased their price target on shares of Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. Eight equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Procter & Gamble has an average rating of “Moderate Buy” and a consensus price target of $180.42.

Insider Buying and Selling at Procter & Gamble

In related news, CEO Gary A. Coombe sold 47,847 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total value of $8,604,804.48. Following the sale, the chief executive officer now directly owns 39,977 shares in the company, valued at $7,189,463.68. The trade was a 54.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Marc S. Pritchard sold 90,450 shares of the business’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the sale, the insider now owns 172,814 shares in the company, valued at $28,313,845.76. The trade was a 34.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is owned by corporate insiders.

Procter & Gamble Company 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.