Union Bankshares Corp lowered its holdings in shares of Procter & Gamble Co (NYSE:PG) by 8.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 61,761 shares of the company’s stock after selling 5,904 shares during the quarter. Procter & Gamble accounts for 1.6% of Union Bankshares Corp’s portfolio, making the stock its 25th biggest holding. Union Bankshares Corp’s holdings in Procter & Gamble were worth $4,821,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Twin Tree Management LP purchased a new position in Procter & Gamble during the 1st quarter valued at $144,000. Clearwater Capital Advisors LLC purchased a new position in Procter & Gamble during the 1st quarter valued at $154,000. Corbyn Investment Management Inc. MD purchased a new position in Procter & Gamble during the 1st quarter valued at $157,000. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of Procter & Gamble by 296.5% in the 1st quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,038 shares of the company’s stock worth $162,000 after buying an additional 1,524 shares during the period. Finally, Financial Gravity Wealth Inc. purchased a new stake in shares of Procter & Gamble in the 1st quarter worth $170,000. Institutional investors own 58.49% of the company’s stock.
In related news, insider Juan Fernando Posada sold 9,600 shares of the company’s stock in a transaction dated Friday, August 3rd. The stock was sold at an average price of $81.79, for a total transaction of $785,184.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Kathleen B. Fish sold 10,342 shares of the company’s stock in a transaction dated Friday, August 31st. The shares were sold at an average price of $83.20, for a total value of $860,454.40. Following the transaction, the insider now directly owns 16,382 shares in the company, valued at $1,362,982.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 147,186 shares of company stock valued at $12,080,849. Corporate insiders own 1.84% of the company’s stock.
Several equities research analysts have weighed in on the company. Wells Fargo & Co reiterated a “hold” rating and issued a $78.00 target price on shares of Procter & Gamble in a report on Thursday, August 16th. ValuEngine upgraded Procter & Gamble from a “sell” rating to a “hold” rating in a report on Friday, August 17th. Deutsche Bank upped their target price on Procter & Gamble from $84.00 to $85.00 and gave the stock a “hold” rating in a report on Thursday, August 16th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $88.00 target price on shares of Procter & Gamble in a report on Wednesday, August 1st. Finally, SunTrust Banks upped their target price on Procter & Gamble to $80.00 and gave the stock a “hold” rating in a report on Wednesday, August 1st. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $83.96.
Shares of PG traded up $0.16 during trading hours on Friday, hitting $83.61. The company had a trading volume of 4,876,260 shares, compared to its average volume of 6,301,731. The firm has a market cap of $209.52 billion, a price-to-earnings ratio of 19.69, a PEG ratio of 2.67 and a beta of 0.57. The company has a current ratio of 0.83, a quick ratio of 0.66 and a debt-to-equity ratio of 0.40. Procter & Gamble Co has a one year low of $70.73 and a one year high of $94.67.
Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Tuesday, July 31st. The company reported $0.94 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.04. The firm had revenue of $16.50 billion during the quarter, compared to analyst estimates of $16.52 billion. Procter & Gamble had a return on equity of 20.94% and a net margin of 14.59%. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.85 EPS. equities research analysts forecast that Procter & Gamble Co will post 4.42 EPS for the current year.
Procter & Gamble Company Profile
The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.
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