The Procter & Gamble Company (NYSE:PG) Shares Sold by Atlantic Union Bankshares Corp

by · The Cerbat Gem

Atlantic Union Bankshares Corp cut its stake in The Procter & Gamble Company (NYSE:PG – Free Report) by 1.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 62,917 shares of the company’s stock after selling 1,197 shares during the period. Atlantic Union Bankshares Corp’s holdings in Procter & Gamble were worth $10,897,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. Quent Capital LLC lifted its stake in Procter & Gamble by 2.0% during the first quarter. Quent Capital LLC now owns 10,684 shares of the company’s stock worth $1,733,000 after purchasing an additional 206 shares during the last quarter. Boston Partners grew its position in shares of Procter & Gamble by 2.8% during the 1st quarter. Boston Partners now owns 33,483 shares of the company’s stock valued at $5,433,000 after buying an additional 902 shares during the last quarter. Westwood Holdings Group Inc. raised its stake in Procter & Gamble by 6.6% during the first quarter. Westwood Holdings Group Inc. now owns 7,158 shares of the company’s stock worth $1,161,000 after acquiring an additional 446 shares during the period. EverSource Wealth Advisors LLC boosted its stake in Procter & Gamble by 48.2% in the first quarter. EverSource Wealth Advisors LLC now owns 10,700 shares of the company’s stock valued at $1,746,000 after acquiring an additional 3,482 shares during the period. Finally, OMC Financial Services LTD bought a new position in shares of Procter & Gamble during the first quarter valued at approximately $869,000. 65.77% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Jon R. Moeller sold 7,007 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $171.65, for a total value of $1,202,751.55. Following the transaction, the chief executive officer now owns 269,172 shares of the company’s stock, valued at $46,203,373.80. This trade represents a 2.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Balaji Purushothaman sold 12,800 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $172.73, for a total transaction of $2,210,944.00. Following the sale, the insider now owns 11,595 shares of the company’s stock, valued at $2,002,804.35. This trade represents a 52.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 35,233 shares of company stock worth $6,024,234. 0.18% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. DA Davidson upgraded Procter & Gamble from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $160.00 to $209.00 in a research report on Monday. Morgan Stanley increased their price objective on shares of Procter & Gamble from $174.00 to $191.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Wolfe Research upgraded shares of Procter & Gamble to a “strong-buy” rating in a research report on Friday, August 23rd. Hsbc Global Res raised Procter & Gamble to a “strong-buy” rating in a report on Friday, October 4th. Finally, Dbs Bank cut Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 1st. Eight equities research 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 company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $180.45.

Read Our Latest Stock Analysis on PG

Procter & Gamble Price Performance

NYSE PG opened at $179.36 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.75 and a quick ratio of 0.55. The firm has a market capitalization of $422.40 billion, a price-to-earnings ratio of 30.92, a price-to-earnings-growth ratio of 3.86 and a beta of 0.42. The company has a 50 day simple moving average of $170.37 and a 200-day simple moving average of $168.98. The Procter & Gamble Company has a 52-week low of $142.50 and a 52-week high of $180.43.

Procter & Gamble (NYSE:PG – Get Free Report) last released its earnings results on Friday, October 18th. The company reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.03. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The company had revenue of $21.74 billion during the quarter, compared to the consensus estimate of $21.99 billion. During the same quarter in the prior year, the firm earned $1.83 EPS. The company’s revenue was down .6% compared to the same quarter last year. Equities research analysts predict that The Procter & Gamble Company will post 6.97 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 18th were paid a dividend of $1.0065 per share. The ex-dividend date of this dividend was Friday, October 18th. This represents a $4.03 annualized dividend and a dividend yield of 2.24%. Procter & Gamble’s dividend payout ratio (DPR) is 69.48%.

Procter & Gamble Company Profile

(Free Report)

The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company 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, SK-II, and Native brands.

Further Reading

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