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

Atlantic Union Bankshares Corp reduced its stake in The Procter & Gamble Company (NYSE:PG) by 15.1% during the second quarter, Holdings Channel.com reports. The fund owned 30,333 shares of the company’s stock after selling 5,377 shares during the period. Atlantic Union Bankshares Corp’s holdings in Procter & Gamble were worth $4,603,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Tevis Investment Management increased its position in shares of Procter & Gamble by 0.5% during the 1st quarter. Tevis Investment Management now owns 12,260 shares of the company’s stock valued at $1,823,000 after purchasing an additional 64 shares during the last quarter. Eagle Strategies LLC increased its position in shares of Procter & Gamble by 1.9% during the 1st quarter. Eagle Strategies LLC now owns 3,526 shares of the company’s stock valued at $524,000 after purchasing an additional 65 shares during the last quarter. WealthTrust Asset Management LLC increased its position in shares of Procter & Gamble by 3.4% during the 1st quarter. WealthTrust Asset Management LLC now owns 1,990 shares of the company’s stock valued at $296,000 after purchasing an additional 65 shares during the last quarter. Exeter Financial LLC increased its position in shares of Procter & Gamble by 0.4% during the 1st quarter. Exeter Financial LLC now owns 15,144 shares of the company’s stock valued at $2,286,000 after purchasing an additional 66 shares during the last quarter. Finally, Diligent Investors LLC increased its position in shares of Procter & Gamble by 0.4% during the 1st quarter. Diligent Investors LLC now owns 16,084 shares of the company’s stock valued at $2,391,000 after purchasing an additional 66 shares during the last quarter. 63.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on PG shares. Stifel Nicolaus increased their price objective on Procter & Gamble from $155.00 to $161.00 in a research report on Monday, July 31st. Wells Fargo & Company raised their price target on Procter & Gamble from $165.00 to $170.00 and gave the stock an “overweight” rating in a research report on Monday, July 31st. Barclays raised their price target on Procter & Gamble from $160.00 to $166.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 1st. Morgan Stanley restated an “overweight” rating and set a $174.00 price target on shares of Procter & Gamble in a research report on Tuesday, August 1st. Finally, StockNews.com lowered Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Saturday. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $164.82.

Procter & Gamble Trading Up 0.4 %

PG opened at $154.05 on Tuesday. The business has a 50 day moving average of $153.35 and a 200-day moving average of $150.37. The stock has a market cap of $363.14 billion, a PE ratio of 26.11, a PEG ratio of 3.50 and a beta of 0.42. The Procter & Gamble Company has a 52 week low of $122.18 and a 52 week high of $158.38. The company has a quick ratio of 0.44, a current ratio of 0.63 and a debt-to-equity ratio of 0.53.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data 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. The business had revenue of $20.60 billion during the quarter, compared to analysts’ expectations of $20.01 billion. Procter & Gamble had a return on equity of 32.88% and a net margin of 17.87%. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.21 earnings per share. Equities research analysts predict that The Procter & Gamble Company will post 6.38 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Friday, July 21st were issued a $0.9407 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date of this dividend was Thursday, July 20th. Procter & Gamble’s payout ratio is 63.73%.

Insiders Place Their Bets

In other Procter & Gamble news, CEO Gary A. Coombe sold 10,094 shares of Procter & Gamble stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $154.00, for a total value of $1,554,476.00. Following the completion of the sale, the chief executive officer now owns 36,896 shares of the company’s stock, valued at approximately $5,681,984. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, COO Shailesh Jejurikar sold 11,522 shares of Procter & Gamble stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $154.13, for a total value of $1,775,885.86. Following the completion of the sale, the chief operating officer now owns 10,135 shares of the company’s stock, valued at $1,562,107.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gary A. Coombe sold 10,094 shares of Procter & Gamble stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $154.00, for a total value of $1,554,476.00. Following the completion of the sale, the chief executive officer now directly owns 36,896 shares of the company’s stock, valued at approximately $5,681,984. The disclosure for this sale can be found here. In the last quarter, insiders sold 106,607 shares of company stock valued at $16,523,793. Corporate insiders own 0.17% of the company’s stock.

About Procter & Gamble

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.