Mengis Capital Management Inc. Purchases 182 Shares of The Procter & Gamble Company (NYSE:PG)

Mengis Capital Management Inc. boosted its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 0.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 19,433 shares of the company’s stock after acquiring 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 filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Pine Valley Investments Ltd Liability Co increased its holdings in shares of Procter & Gamble by 4.7% in the fourth 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 increased 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 valued at $1,484,000 after buying an additional 866 shares during the last quarter. Prasad Wealth Partners LLC acquired a new position in Procter & Gamble during the fourth quarter valued at approximately $207,000. BankPlus Trust Department bought a new position in shares of Procter & Gamble in the fourth quarter valued at $3,832,000. Finally, GHE LLC raised its stake in Procter & Gamble by 1.9% in the fourth quarter. GHE LLC now owns 8,887 shares of the company’s stock valued at $1,539,000 after buying an additional 163 shares during the period. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Up 0.1 %

Shares of NYSE:PG opened at $170.41 on Tuesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76. The Procter & Gamble Company has a 52-week low of $153.52 and a 52-week high of $180.43. The firm has a market capitalization of $399.59 billion, a P/E ratio of 27.14, a P/E/G ratio of 3.76 and a beta of 0.45. The stock has a 50 day moving average price of $166.02 and a 200-day moving average price of $169.44.

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

Procter & Gamble Dividend Announcement

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

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $164.00 target price on shares of Procter & Gamble in a research report on Thursday, January 23rd. JPMorgan Chase & Co. decreased their price objective on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. Wells Fargo & Company lifted their target price on Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. UBS Group reaffirmed a “buy” rating on shares of Procter & Gamble in a research report on Monday, February 10th. Finally, Stifel Nicolaus boosted their price objective on shares of Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Eight investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $180.42.

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.