Atlantic Union Bankshares Corp Sells 916 Shares of The Procter & Gamble Company (NYSE:PG)

Atlantic Union Bankshares Corp lessened its position in The Procter & Gamble Company (NYSE:PG) by 3.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 28,273 shares of the company’s stock after selling 916 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in Procter & Gamble were worth $4,587,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Teza Capital Management LLC increased its position in shares of Procter & Gamble by 212.9% in the third quarter. Teza Capital Management LLC now owns 4,284 shares of the company’s stock valued at $625,000 after acquiring an additional 2,915 shares during the last quarter. Fred Alger Management LLC increased its position in shares of Procter & Gamble by 0.3% during the 3rd quarter. Fred Alger Management LLC now owns 50,240 shares of the company’s stock worth $7,328,000 after purchasing an additional 167 shares during the last quarter. Northeast Financial Consultants Inc raised its stake in shares of Procter & Gamble by 0.4% during the 3rd quarter. Northeast Financial Consultants Inc now owns 26,075 shares of the company’s stock worth $3,803,000 after purchasing an additional 91 shares in the last quarter. Waverly Advisors LLC boosted its holdings in shares of Procter & Gamble by 11.0% in the 3rd quarter. Waverly Advisors LLC now owns 25,587 shares of the company’s stock valued at $3,732,000 after buying an additional 2,539 shares during the last quarter. Finally, NCM Capital Management LLC grew its stake in shares of Procter & Gamble by 7.8% in the third quarter. NCM Capital Management LLC now owns 4,348 shares of the company’s stock valued at $634,000 after buying an additional 316 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Price Performance

PG stock traded down $1.69 during midday trading on Friday, reaching $164.93. The company had a trading volume of 9,253,066 shares, compared to its average volume of 6,596,827. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.69 and a quick ratio of 0.48. The company has a market capitalization of $389.26 billion, a price-to-earnings ratio of 26.95, a price-to-earnings-growth ratio of 3.40 and a beta of 0.42. The Procter & Gamble Company has a 1-year low of $141.45 and a 1-year high of $169.41. The stock has a 50 day moving average price of $165.60 and a 200-day moving average price of $158.73.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Friday, April 19th. The company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.10. The business had revenue of $20.20 billion during the quarter, compared to analysts’ expectations of $20.43 billion. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. The firm’s quarterly revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.37 EPS. Equities research analysts expect that The Procter & Gamble Company will post 6.55 earnings per share for the current year.

Procter & Gamble Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th were given a $1.0065 dividend. The ex-dividend date was Thursday, April 18th. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 annualized dividend and a yield of 2.44%. Procter & Gamble’s dividend payout ratio (DPR) is currently 65.85%.

Insider Activity

In other Procter & Gamble news, insider Balaji Purushothaman sold 28,369 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $161.49, for a total transaction of $4,581,309.81. Following the sale, the insider now directly owns 11,507 shares of the company’s stock, valued at approximately $1,858,265.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Sundar G. Raman sold 31,924 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $166.95, for a total transaction of $5,329,711.80. Following the completion of the transaction, the chief executive officer now directly owns 19,042 shares in the company, valued at $3,179,061.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Balaji Purushothaman sold 28,369 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $161.49, for a total value of $4,581,309.81. Following the completion of the sale, the insider now owns 11,507 shares in the company, valued at $1,858,265.43. The disclosure for this sale can be found here. Over the last three months, insiders have sold 154,544 shares of company stock valued at $25,413,051. 0.17% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. StockNews.com raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Tuesday. Truist Financial raised Procter & Gamble from a “hold” rating to a “buy” rating and boosted their price target for the stock from $160.00 to $175.00 in a research report on Monday, March 11th. Barclays raised their price objective on Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a research report on Tuesday, April 23rd. The Goldman Sachs Group started coverage on Procter & Gamble in a report on Friday, March 1st. They set a “neutral” rating and a $168.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Procter & Gamble from $172.00 to $171.00 and set a “buy” rating for the company in a research report on Monday, April 22nd. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, Procter & Gamble has a consensus rating of “Moderate Buy” and an average price target of $170.72.

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.