Trustmark Bank Trust Department Sells 671 Shares of Procter & Gamble Company (The) $PG

Trustmark Bank Trust Department trimmed its stake in Procter & Gamble Company (The) (NYSE:PG) by 2.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,809 shares of the company’s stock after selling 671 shares during the quarter. Trustmark Bank Trust Department’s holdings in Procter & Gamble were worth $4,431,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Nova Wealth Management Inc. purchased a new position in Procter & Gamble in the first quarter valued at approximately $26,000. Signature Resources Capital Management LLC lifted its position in shares of Procter & Gamble by 67.9% during the 2nd quarter. Signature Resources Capital Management LLC now owns 178 shares of the company’s stock valued at $28,000 after buying an additional 72 shares during the last quarter. Quarry LP bought a new position in shares of Procter & Gamble during the 1st quarter worth $33,000. Mid American Wealth Advisory Group Inc. purchased a new stake in Procter & Gamble in the 2nd quarter worth about $34,000. Finally, RMG Wealth Management LLC bought a new stake in Procter & Gamble in the 2nd quarter valued at about $37,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. increased their target price on shares of Procter & Gamble from $163.00 to $165.00 and gave the stock a “neutral” rating in a research report on Monday, October 27th. BNP Paribas reiterated an “outperform” rating and issued a $177.00 price objective on shares of Procter & Gamble in a research note on Friday, August 15th. UBS Group lowered their target price on shares of Procter & Gamble from $180.00 to $176.00 and set a “buy” rating on the stock in a report on Wednesday, October 8th. Berenberg Bank raised their price target on Procter & Gamble from $152.00 to $154.00 and gave the stock a “hold” rating in a report on Wednesday, September 17th. Finally, BNP Paribas Exane decreased their price objective on Procter & Gamble from $177.00 to $172.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 23rd. Twelve equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $171.53.

Procter & Gamble Stock Up 0.1%

PG opened at $148.40 on Friday. The firm has a market capitalization of $346.77 billion, a P/E ratio of 21.66, a price-to-earnings-growth ratio of 3.87 and a beta of 0.36. Procter & Gamble Company has a one year low of $144.09 and a one year high of $180.16. The company has a fifty day moving average price of $149.79 and a 200-day moving average price of $155.75. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.71 and a quick ratio of 0.51.

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

Procter & Gamble Announces Dividend

The firm also recently declared 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 2.8%. The ex-dividend date was Friday, October 24th. Procter & Gamble’s dividend payout ratio (DPR) is 61.61%.

Insider Activity at Procter & Gamble

In other news, CEO Jon R. Moeller sold 11,684 shares of the stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total value of $1,778,655.32. Following the transaction, the chief executive officer owned 319,932 shares of the company’s stock, valued at $48,703,248.36. This represents a 3.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jennifer L. Davis sold 3,227 shares of the firm’s stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total transaction of $491,246.21. Following the sale, the chief executive officer owned 61,764 shares in the company, valued at approximately $9,402,333.72. This trade represents a 4.97% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 30,308 shares of company stock valued at $4,611,852 in the last ninety days. 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.