VeraBank N.A. Sells 327 Shares of The Procter & Gamble Company (NYSE:PG)

by · The Cerbat Gem

VeraBank N.A. lowered its holdings in shares of The Procter & Gamble Company (NYSE:PG – Free Report) by 2.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 12,919 shares of the company’s stock after selling 327 shares during the period. VeraBank N.A.’s holdings in Procter & Gamble were worth $2,238,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. bought a new stake in Procter & Gamble in the 2nd quarter worth $28,000. Fairway Wealth LLC purchased a new stake in shares of Procter & Gamble during the second quarter worth about $29,000. POM Investment Strategies LLC bought a new stake in shares of Procter & Gamble in the second quarter worth about $34,000. Quest Partners LLC purchased a new position in Procter & Gamble during the 2nd quarter valued at about $36,000. Finally, Fairfield Financial Advisors LTD bought a new position in Procter & Gamble during the 2nd quarter valued at approximately $44,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on PG. DA Davidson boosted their price objective on shares of Procter & Gamble from $159.00 to $160.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Barclays cut shares of Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 price target on the stock. in a research report on Monday, September 30th. Stifel Nicolaus raised their price objective on shares of Procter & Gamble from $157.00 to $161.00 and gave the stock a “hold” rating in a report on Monday, July 22nd. Evercore ISI lifted their price objective on Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Finally, Morgan Stanley increased their target price on Procter & Gamble from $174.00 to $191.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Nine investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $177.00.

Check Out Our Latest Stock Analysis on PG

Procter & Gamble Stock Performance

NYSE:PG opened at $167.71 on Monday. The Procter & Gamble Company has a 12-month low of $142.50 and a 12-month high of $177.94. The company has a current ratio of 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $394.96 billion, a P/E ratio of 28.92, a P/E/G ratio of 3.63 and a beta of 0.42. The stock has a 50-day moving average price of $171.08 and a 200 day moving average price of $168.19.

Procter & Gamble (NYSE:PG – Get Free Report) last announced its quarterly earnings results on Friday, October 18th. The company reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.03. The company had revenue of $21.74 billion during the quarter, compared to analyst estimates of $21.99 billion. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The firm’s revenue was down .6% on a year-over-year basis. During the same period in the prior year, the company earned $1.83 earnings per share. Equities research analysts forecast that The Procter & Gamble Company will post 6.94 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 18th will be given a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date is Friday, October 18th. Procter & Gamble’s dividend payout ratio (DPR) is 69.48%.

Insider Buying and Selling

In other news, CEO Ma. Fatima Francisco sold 96,000 shares of Procter & Gamble stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $170.00, for a total transaction of $16,320,000.00. Following the completion of the sale, the chief executive officer now directly owns 13,721 shares in the company, valued at approximately $2,332,570. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Procter & Gamble news, insider Susan Street Whaley sold 450 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total transaction of $76,149.00. Following the transaction, the insider now directly owns 13,072 shares in the company, valued at $2,212,043.84. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ma. Fatima Francisco sold 96,000 shares of the business’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $170.00, for a total transaction of $16,320,000.00. Following the completion of the sale, the chief executive officer now owns 13,721 shares of the company’s stock, valued at approximately $2,332,570. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 313,597 shares of company stock valued at $53,268,499 in the last ninety days. 0.18% of the stock is owned by company insiders.

About Procter & Gamble

(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.

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