Main Street Financial Solutions LLC Sells 7,168 Shares of The Procter & Gamble Company (NYSE:PG)

Main Street Financial Solutions LLC decreased its holdings in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 25.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,695 shares of the company's stock after selling 7,168 shares during the quarter. Main Street Financial Solutions LLC's holdings in Procter & Gamble were worth $3,469,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of PG. Howard Capital Management Group LLC raised its position in Procter & Gamble by 1.0% during the third quarter. Howard Capital Management Group LLC now owns 8,327 shares of the company's stock valued at $1,442,000 after acquiring an additional 82 shares in the last quarter. Principal Financial Group Inc. increased its position in Procter & Gamble by 14.7% during the third quarter. Principal Financial Group Inc. now owns 4,734,588 shares of the company's stock worth $820,031,000 after buying an additional 608,168 shares during the last quarter. Garden State Investment Advisory Services LLC bought a new position in Procter & Gamble during the third quarter valued at about $201,000. Invst LLC lifted its position in shares of Procter & Gamble by 0.7% in the third quarter. Invst LLC now owns 15,889 shares of the company's stock worth $2,752,000 after buying an additional 103 shares during the last quarter. Finally, Virtu Financial LLC bought a new stake in shares of Procter & Gamble during the 3rd quarter worth about $1,632,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PG has been the subject of several analyst reports. Wells Fargo & Company boosted 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 restated a "buy" rating on shares of Procter & Gamble in a research note on Monday, February 10th. Piper Sandler dropped their target price on shares of Procter & Gamble from $173.00 to $172.00 and set a "neutral" rating on the stock in a report on Monday, February 24th. Royal Bank of Canada restated a "sector perform" rating and set a $164.00 price target on shares of Procter & Gamble in a report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. reduced their price target on shares of Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Seven investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Procter & Gamble has an average rating of "Moderate Buy" and a consensus price target of $181.50.

Insider Transactions at Procter & Gamble

In related news, insider Marc S. Pritchard sold 90,450 shares of the business's stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total value of $14,819,328.00. Following the sale, the insider now directly owns 172,814 shares of the company's stock, valued at approximately $28,313,845.76. The trade was a 34.36 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Gary A. Coombe sold 35,000 shares of the business's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $173.68, for a total transaction of $6,078,800.00. Following the sale, the chief executive officer now directly owns 22,051 shares in the company, valued at $3,829,817.68. This trade represents a 61.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 143,450 shares of company stock valued at $23,988,008 over the last three months. 0.18% of the stock is currently owned by corporate insiders.

Procter & Gamble Trading Up 2.5 %

NYSE:PG traded up $4.20 during trading hours on Friday, hitting $170.59. 7,207,665 shares of the stock were exchanged, compared to its average volume of 7,057,471. The company has a market capitalization of $400.01 billion, a P/E ratio of 27.16, a price-to-earnings-growth ratio of 3.76 and a beta of 0.43. The Procter & Gamble Company has a twelve month low of $153.52 and a twelve month high of $180.43. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50. The company's 50 day moving average is $168.39 and its two-hundred day moving average is $168.51.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.86 by $0.02. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The firm had revenue of $21.88 billion for the quarter, compared to analysts' expectations of $21.66 billion. During the same period last year, the firm earned $1.84 earnings per share. The business's revenue for the quarter was up 2.1% on a year-over-year basis. On average, sell-side analysts anticipate that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, April 21st will be paid a $1.0568 dividend. This represents a $4.23 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend is Monday, April 21st. This is an increase from Procter & Gamble's previous quarterly dividend of $1.01. Procter & Gamble's dividend payout ratio is presently 67.20%.

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.