United Bank VA cut its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 20.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,686 shares of the company’s stock after selling 6,071 shares during the period. Procter & Gamble makes up approximately 2.0% of United Bank VA’s investment portfolio, making the stock its 23rd largest holding. United Bank VA’s holdings in Procter & Gamble were worth $2,064,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in shares of Procter & Gamble by 2.3% in the second quarter. Vanguard Group Inc. now owns 180,730,770 shares of the company’s stock valued at $15,750,688,000 after purchasing an additional 4,066,266 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Procter & Gamble by 1.4% in the second quarter. BlackRock Inc. now owns 156,361,011 shares of the company’s stock valued at $13,626,862,000 after purchasing an additional 2,164,426 shares in the last quarter. Trian Fund Management L.P. lifted its holdings in shares of Procter & Gamble by 2.4% in the second quarter. Trian Fund Management L.P. now owns 37,612,012 shares of the company’s stock valued at $3,277,887,000 after purchasing an additional 893,157 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Procter & Gamble by 8.1% in the second quarter. American Century Companies Inc. now owns 12,490,795 shares of the company’s stock valued at $1,088,573,000 after purchasing an additional 934,179 shares in the last quarter. Finally, Capital Research Global Investors lifted its holdings in shares of Procter & Gamble by 74.2% in the second quarter. Capital Research Global Investors now owns 12,389,104 shares of the company’s stock valued at $1,079,710,000 after purchasing an additional 5,278,359 shares in the last quarter. Hedge funds and other institutional investors own 59.54% of the company’s stock.

A number of brokerages have recently commented on PG. Vetr lowered Procter & Gamble from a “buy” rating to a “hold” rating and set a $90.38 price target on the stock. in a report on Tuesday, November 7th. Macquarie began coverage on Procter & Gamble in a report on Thursday, September 14th. They issued an “outperform” rating and a $102.00 price target on the stock. Zacks Investment Research lowered Procter & Gamble from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. Morgan Stanley cut their price target on Procter & Gamble from $91.00 to $90.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 24th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $88.23 target price (down previously from $99.00) on shares of Procter & Gamble in a research report on Thursday, November 16th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the company. Procter & Gamble presently has a consensus rating of “Hold” and a consensus price target of $88.31.

Procter & Gamble Company (PG) opened at $91.89 on Friday. The firm has a market capitalization of $230,863.17, a P/E ratio of 22.86, a price-to-earnings-growth ratio of 2.93 and a beta of 0.67. The company has a current ratio of 0.91, a quick ratio of 0.75 and a debt-to-equity ratio of 0.37. Procter & Gamble Company has a 12-month low of $83.24 and a 12-month high of $94.67.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Friday, October 20th. The company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.02. The firm had revenue of $16.65 billion for the quarter, compared to the consensus estimate of $16.69 billion. Procter & Gamble had a return on equity of 20.35% and a net margin of 23.72%. The business’s revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.03 earnings per share. equities analysts forecast that Procter & Gamble Company will post 4.17 EPS for the current year.

In other Procter & Gamble news, insider Juan Fernando Posada sold 4,878 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $89.80, for a total transaction of $438,044.40. Following the transaction, the insider now owns 25,429 shares of the company’s stock, valued at $2,283,524.20. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Marylynn Fergusonmchugh sold 2,856 shares of the business’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $92.98, for a total value of $265,550.88. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,575 shares of company stock worth $1,927,095. Company insiders own 0.35% of the company’s stock.

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Procter & Gamble Company Profile

The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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