MainStreet Investment Advisors LLC Has $15.35 Million Holdings in Procter & Gamble Company (The) (NYSE:PG)

MainStreet Investment Advisors LLC cut its holdings in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 2.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 90,086 shares of the company's stock after selling 2,612 shares during the quarter. Procter & Gamble accounts for about 2.2% of MainStreet Investment Advisors LLC's investment portfolio, making the stock its 9th largest holding. MainStreet Investment Advisors LLC's holdings in Procter & Gamble were worth $15,352,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of PG. Navigoe LLC acquired a new position in shares of Procter & Gamble during the 4th quarter worth $31,000. Capital A Wealth Management LLC bought a new stake in shares of Procter & Gamble during the 4th quarter worth about $31,000. Hoey Investments Inc. increased its holdings in shares of Procter & Gamble by 321.7% during the 4th quarter. Hoey Investments Inc. now owns 194 shares of the company's stock valued at $33,000 after acquiring an additional 148 shares during the last quarter. LFA Lugano Financial Advisors SA bought a new position in shares of Procter & Gamble in the 4th quarter valued at approximately $34,000. Finally, 10Elms LLP acquired a new stake in Procter & Gamble in the 4th quarter worth approximately $34,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble Stock Performance

Procter & Gamble stock traded down $1.54 on Friday, hitting $156.95. The company's stock had a trading volume of 8,051,886 shares, compared to its average volume of 7,596,124. The company has a fifty day moving average price of $161.77 and a 200-day moving average price of $164.94. The company has a quick ratio of 0.50, a current ratio of 0.71 and a debt-to-equity ratio of 0.47. Procter & Gamble Company has a one year low of $155.95 and a one year high of $180.43. The firm has a market cap of $367.98 billion, a P/E ratio of 24.91, a price-to-earnings-growth ratio of 4.51 and a beta of 0.40.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $1.54 EPS for the quarter, beating analysts' consensus estimates of $1.53 by $0.01. The firm had revenue of $19.78 billion for the quarter, compared to analyst estimates of $20.42 billion. Procter & Gamble had a net margin of 18.46% and a return on equity of 32.67%. The company's revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.52 earnings per share. On average, equities analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, July 18th will be given a $1.0568 dividend. The ex-dividend date is Friday, July 18th. This represents a $4.23 dividend on an annualized basis and a yield of 2.69%. Procter & Gamble's dividend payout ratio (DPR) is presently 67.14%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Barclays reiterated an "equal weight" rating on shares of Procter & Gamble in a report on Thursday, March 27th. Erste Group Bank lowered shares of Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 30th. Citigroup dropped their price target on shares of Procter & Gamble from $200.00 to $181.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Piper Sandler lifted their price target on shares of Procter & Gamble from $160.00 to $164.00 and gave the company a "neutral" rating in a research report on Monday, May 5th. Finally, Bank of America dropped their price target on shares of Procter & Gamble from $190.00 to $180.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Eight analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $178.45.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 10,520 shares of the business's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $158.67, for a total value of $1,669,208.40. Following the transaction, the insider directly owned 25,182 shares in the company, valued at $3,995,627.94. The trade was a 29.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jennifer L. Davis sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total transaction of $161,380.00. Following the transaction, the chief executive officer owned 51,965 shares in the company, valued at $8,386,111.70. The trade was a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is owned by 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.