Atlantic Union Bankshares Corp boosted its holdings in shares of Procter & Gamble Co (NYSE:PG) by 0.7% in the 4th quarter, Holdings Channel reports. The firm owned 30,594 shares of the company’s stock after buying an additional 227 shares during the period. Atlantic Union Bankshares Corp’s holdings in Procter & Gamble were worth $3,821,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Procter & Gamble by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 218,459,217 shares of the company’s stock valued at $23,954,054,000 after acquiring an additional 3,786,962 shares in the last quarter. BlackRock Inc. increased its stake in Procter & Gamble by 1.5% in the 2nd quarter. BlackRock Inc. now owns 167,930,647 shares of the company’s stock valued at $18,413,594,000 after buying an additional 2,470,382 shares during the period. State Street Corp lifted its position in Procter & Gamble by 1.4% in the 3rd quarter. State Street Corp now owns 118,454,191 shares of the company’s stock worth $14,733,332,000 after buying an additional 1,585,813 shares in the last quarter. Phocas Financial Corp. lifted its position in Procter & Gamble by 999,937.0% in the 2nd quarter. Phocas Financial Corp. now owns 71,062,629 shares of the company’s stock worth $77,920,000 after buying an additional 71,055,523 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its stake in shares of Procter & Gamble by 6,899.0% during the 2nd quarter. Nuveen Asset Management LLC now owns 18,416,894 shares of the company’s stock valued at $2,019,412,000 after buying an additional 18,153,758 shares during the period. 62.74% of the stock is owned by institutional investors and hedge funds.
PG has been the topic of a number of research reports. UBS Group upped their price target on shares of Procter & Gamble from $122.00 to $126.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. ValuEngine cut Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Wells Fargo & Co lifted their price objective on Procter & Gamble from $135.00 to $136.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Morgan Stanley boosted their target price on Procter & Gamble from $130.00 to $134.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Finally, Macquarie upped their target price on Procter & Gamble from $132.00 to $138.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $119.07.
Shares of PG stock traded up $0.13 on Tuesday, hitting $125.01. The company’s stock had a trading volume of 214,844 shares, compared to its average volume of 6,050,911. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.72 and a quick ratio of 0.54. Procter & Gamble Co has a fifty-two week low of $89.08 and a fifty-two week high of $126.60. The firm’s fifty day moving average price is $124.03 and its 200-day moving average price is $120.26. The stock has a market capitalization of $309.16 billion, a price-to-earnings ratio of 27.64, a P/E/G ratio of 3.36 and a beta of 0.40.
Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $1.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.13. The firm had revenue of $17.80 billion during the quarter, compared to analysts’ expectations of $17.43 billion. Procter & Gamble had a net margin of 6.24% and a return on equity of 25.07%. Procter & Gamble’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.12 earnings per share. Analysts predict that Procter & Gamble Co will post 4.94 EPS for the current fiscal year.
In related news, CEO David S. Taylor sold 50,000 shares of the company’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $124.01, for a total transaction of $6,200,500.00. Following the completion of the sale, the chief executive officer now directly owns 277,521 shares of the company’s stock, valued at approximately $34,415,379.21. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Nelson Peltz sold 936,280 shares of the company’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $123.87, for a total transaction of $115,977,003.60. Following the sale, the director now directly owns 3,844 shares of the company’s stock, valued at $476,156.28. The disclosure for this sale can be found here. Insiders sold 1,288,513 shares of company stock valued at $159,734,252 in the last ninety days. Insiders own 1.75% of the company’s stock.
Procter & Gamble 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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