MainStreet Investment Advisors LLC Reduces Position in Procter & Gamble Company (The) $PG

MainStreet Investment Advisors LLC decreased its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 4.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 84,261 shares of the company’s stock after selling 3,762 shares during the period. Procter & Gamble accounts for approximately 1.7% of MainStreet Investment Advisors LLC’s portfolio, making the stock its 16th biggest holding. MainStreet Investment Advisors LLC’s holdings in Procter & Gamble were worth $12,947,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. Halbert Hargrove Global Advisors LLC purchased a new stake in Procter & Gamble in the 3rd quarter valued at $25,000. Corundum Trust Company INC acquired a new position in Procter & Gamble in the third quarter valued at $32,000. Marquette Asset Management LLC purchased a new stake in shares of Procter & Gamble in the third quarter valued at about $37,000. Redmont Wealth Advisors LLC acquired a new stake in shares of Procter & Gamble during the third quarter worth about $40,000. Finally, Manning & Napier Advisors LLC purchased a new position in shares of Procter & Gamble during the third quarter worth about $44,000. 65.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Marc S. Pritchard sold 95,903 shares of Procter & Gamble stock in a transaction that occurred on Friday, January 23rd. The stock was sold at an average price of $151.15, for a total transaction of $14,495,738.45. Following the completion of the transaction, the insider directly owned 182,607 shares in the company, valued at $27,601,048.05. The trade was a 34.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Moses Victor Javier Aguilar sold 15,169 shares of the company’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $162.28, for a total value of $2,461,625.32. Following the completion of the sale, the insider owned 44,735 shares in the company, valued at $7,259,595.80. This represents a 25.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 341,260 shares of company stock worth $54,256,985 in the last three months. Company insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on PG shares. Morgan Stanley set a $175.00 target price on Procter & Gamble in a report on Monday, October 27th. Rothschild & Co Redburn boosted their price objective on shares of Procter & Gamble from $155.00 to $157.00 and gave the company a “neutral” rating in a research note on Friday, January 23rd. Piper Sandler initiated coverage on shares of Procter & Gamble in a research note on Wednesday, January 7th. They issued a “neutral” rating and a $150.00 target price for the company. UBS Group boosted their price target on shares of Procter & Gamble from $161.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Finally, Jefferies Financial Group raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and increased their price target for the stock from $156.00 to $179.00 in a report on Tuesday, December 16th. Fourteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, Procter & Gamble presently has a consensus rating of “Moderate Buy” and a consensus target price of $168.33.

Procter & Gamble Stock Up 1.4%

PG stock opened at $160.77 on Monday. The company has a current ratio of 0.72, a quick ratio of 0.51 and a debt-to-equity ratio of 0.49. The company’s 50-day moving average price is $149.02 and its 200 day moving average price is $150.68. Procter & Gamble Company has a 52 week low of $137.62 and a 52 week high of $179.99. The company has a market cap of $373.62 billion, a P/E ratio of 23.82, a P/E/G ratio of 5.34 and a beta of 0.38.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Thursday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.86 by $0.02. The company had revenue of $22.21 billion during the quarter, compared to the consensus estimate of $22.36 billion. Procter & Gamble had a net margin of 19.30% and a return on equity of 32.21%. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period last year, the firm earned $1.88 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. On average, research analysts expect that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Friday, January 23rd were issued a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a yield of 2.6%. The ex-dividend date was Friday, January 23rd. Procter & Gamble’s dividend payout ratio (DPR) is 62.67%.

Procter & Gamble Profile

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.