MainStreet Investment Advisors LLC Lowers Stock Holdings in Procter & Gamble Company (The) $PG

MainStreet Investment Advisors LLC cut its holdings in Procter & Gamble Company (The) (NYSE:PG) by 4.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 84,261 shares of the company’s stock after selling 3,762 shares during the period. Procter & Gamble accounts for about 1.7% of MainStreet Investment Advisors LLC’s holdings, making the stock its 16th biggest position. MainStreet Investment Advisors LLC’s holdings in Procter & Gamble were worth $12,947,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Halbert Hargrove Global Advisors LLC purchased a new position in Procter & Gamble during the third quarter worth about $25,000. Corundum Trust Company INC acquired a new position in shares of Procter & Gamble during the 3rd quarter valued at about $32,000. Marquette Asset Management LLC purchased a new position in shares of Procter & Gamble during the 3rd quarter worth about $37,000. Redmont Wealth Advisors LLC purchased a new stake in Procter & Gamble in the third quarter valued at approximately $40,000. Finally, Manning & Napier Advisors LLC purchased a new position in Procter & Gamble during the third quarter worth approximately $44,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, Chairman Jon R. Moeller sold 162,232 shares of the firm’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $162.45, for a total transaction of $26,354,588.40. Following the completion of the transaction, the chairman directly owned 319,385 shares of the company’s stock, valued at $51,884,093.25. This trade represents a 33.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Moses Victor Javier Aguilar sold 15,169 shares of the company’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $162.28, for a total transaction of $2,461,625.32. Following the completion of the sale, the insider owned 44,735 shares in the company, valued at approximately $7,259,595.80. This trade represents a 25.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 341,260 shares of company stock valued at $54,256,985. Corporate insiders own 0.20% of the company’s stock.

Procter & Gamble Price Performance

Shares of PG stock opened at $160.77 on Monday. The firm has a fifty day simple moving average of $149.02 and a 200-day simple moving average of $150.68. The company has a market capitalization of $373.62 billion, a PE ratio of 23.82, a price-to-earnings-growth ratio of 5.34 and a beta of 0.38. Procter & Gamble Company has a twelve month low of $137.62 and a twelve month high of $179.99. The company has a current ratio of 0.72, a quick ratio of 0.51 and a debt-to-equity ratio of 0.49.

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

Procter & Gamble Announces Dividend

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

Wall Street Analyst Weigh In

PG has been the subject of a number of research reports. JPMorgan Chase & Co. raised Procter & Gamble from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $157.00 to $165.00 in a research report on Friday, January 23rd. TD Cowen cut Procter & Gamble from a “buy” rating to a “hold” rating and boosted their target price for the stock from $150.00 to $156.00 in a report on Tuesday, January 27th. Barclays set a $155.00 price target on shares of Procter & Gamble in a report on Friday, January 16th. Wells Fargo & Company reiterated an “overweight” rating and set a $177.00 price objective on shares of Procter & Gamble in a research note on Tuesday, February 17th. Finally, Rothschild & Co Redburn raised their target price 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. Fourteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $168.33.

About Procter & Gamble

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.