Atlantic Union Bankshares Corp Has $4.60 Million Stock Position in The Procter & Gamble Company (NYSE:PG)

Atlantic Union Bankshares Corp trimmed its stake in The Procter & Gamble Company (NYSE:PG) by 15.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,333 shares of the company’s stock after selling 5,377 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in Procter & Gamble were worth $4,603,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the stock. Buckingham Capital Management Inc. lifted its position in shares of Procter & Gamble by 4.4% in the second quarter. Buckingham Capital Management Inc. now owns 16,381 shares of the company’s stock worth $2,486,000 after purchasing an additional 684 shares in the last quarter. Keystone Financial Planning Inc. raised its position in Procter & Gamble by 13.8% during the second quarter. Keystone Financial Planning Inc. now owns 8,860 shares of the company’s stock valued at $1,344,000 after acquiring an additional 1,075 shares in the last quarter. Ferguson Wellman Capital Management Inc. raised its position in Procter & Gamble by 14.5% during the second quarter. Ferguson Wellman Capital Management Inc. now owns 818,430 shares of the company’s stock valued at $124,188,000 after acquiring an additional 103,839 shares in the last quarter. Norway Savings Bank raised its position in Procter & Gamble by 1.5% during the second quarter. Norway Savings Bank now owns 20,464 shares of the company’s stock valued at $3,105,000 after acquiring an additional 312 shares in the last quarter. Finally, Capital Investment Advisors LLC raised its position in Procter & Gamble by 21.9% during the second quarter. Capital Investment Advisors LLC now owns 270,994 shares of the company’s stock valued at $41,121,000 after acquiring an additional 48,604 shares in the last quarter. 63.43% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Procter & Gamble

In other news, insider Balaji Purushothaman sold 12,629 shares of the company’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $157.19, for a total value of $1,985,152.51. Following the completion of the sale, the insider now directly owns 13,051 shares of the company’s stock, valued at approximately $2,051,486.69. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, COO Shailesh Jejurikar sold 11,522 shares of the stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $154.13, for a total transaction of $1,775,885.86. Following the completion of the sale, the chief operating officer now directly owns 10,135 shares of the company’s stock, valued at approximately $1,562,107.55. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Balaji Purushothaman sold 12,629 shares of the stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $157.19, for a total value of $1,985,152.51. Following the sale, the insider now directly owns 13,051 shares of the company’s stock, valued at $2,051,486.69. The disclosure for this sale can be found here. In the last three months, insiders have sold 106,607 shares of company stock worth $16,523,793. Company insiders own 0.17% of the company’s stock.

Procter & Gamble Stock Up 0.4 %

Shares of NYSE PG opened at $154.05 on Tuesday. The firm’s 50-day simple moving average is $153.35 and its 200 day simple moving average is $150.37. The company has a market cap of $363.14 billion, a price-to-earnings ratio of 26.11, a price-to-earnings-growth ratio of 3.50 and a beta of 0.42. The company has a quick ratio of 0.44, a current ratio of 0.63 and a debt-to-equity ratio of 0.53. The Procter & Gamble Company has a 12-month low of $122.18 and a 12-month high of $158.38.

Procter & Gamble (NYSE:PG) last released its earnings results on Friday, July 28th. The company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.05. Procter & Gamble had a net margin of 17.87% and a return on equity of 32.88%. The company had revenue of $20.60 billion for the quarter, compared to the consensus estimate of $20.01 billion. During the same period in the prior year, the company posted $1.21 EPS. The company’s revenue was up 5.6% compared to the same quarter last year. On average, research analysts expect that The Procter & Gamble Company will post 6.38 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, August 15th. Shareholders of record on Friday, July 21st were given a dividend of $0.9407 per share. The ex-dividend date was Thursday, July 20th. This represents a $3.76 dividend on an annualized basis and a yield of 2.44%. Procter & Gamble’s payout ratio is presently 63.73%.

Analyst Upgrades and Downgrades

PG has been the topic of a number of recent analyst reports. Morgan Stanley reissued an “overweight” rating and issued a $174.00 price target on shares of Procter & Gamble in a research report on Tuesday, August 1st. Bank of America lifted their price target on shares of Procter & Gamble from $170.00 to $175.00 and gave the company a “buy” rating in a research report on Tuesday, August 1st. Stifel Nicolaus raised their price objective on shares of Procter & Gamble from $155.00 to $161.00 in a research note on Monday, July 31st. Wells Fargo & Company raised their price objective on shares of Procter & Gamble from $165.00 to $170.00 and gave the stock an “overweight” rating in a research note on Monday, July 31st. Finally, JPMorgan Chase & Co. raised their price objective on shares of Procter & Gamble from $164.00 to $172.00 in a research note on Friday, July 28th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, Procter & Gamble has an average rating of “Moderate Buy” and an average target price of $164.82.

Procter & Gamble Profile

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.