VeraBank N.A. Trims Stock Position in Procter & Gamble Co (NYSE:PG)

VeraBank N.A. lessened its stake in Procter & Gamble Co (NYSE:PG) by 4.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 18,845 shares of the company’s stock after selling 906 shares during the period. Procter & Gamble comprises about 2.1% of VeraBank N.A.’s portfolio, making the stock its 9th biggest position. VeraBank N.A.’s holdings in Procter & Gamble were worth $2,344,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PG. Krane Funds Advisors LLC bought a new stake in shares of Procter & Gamble during the 2nd quarter valued at about $25,000. Camarda Financial Advisors LLC raised its stake in Procter & Gamble by 59.2% during the 2nd quarter. Camarda Financial Advisors LLC now owns 269 shares of the company’s stock worth $29,000 after buying an additional 100 shares during the period. Lucia Wealth Services LLC acquired a new position in Procter & Gamble during the 3rd quarter worth approximately $29,000. Dougherty Wealth Advisers LLC raised its stake in Procter & Gamble by 250.0% during the 2nd quarter. Dougherty Wealth Advisers LLC now owns 350 shares of the company’s stock worth $38,000 after buying an additional 250 shares during the period. Finally, Princeton Global Asset Management LLC raised its stake in Procter & Gamble by 51.4% during the 2nd quarter. Princeton Global Asset Management LLC now owns 442 shares of the company’s stock worth $48,000 after buying an additional 150 shares during the period. Hedge funds and other institutional investors own 65.62% of the company’s stock.

In related news, insider Carolyn M. Tastad sold 10,662 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $118.00, for a total transaction of $1,258,116.00. Following the completion of the sale, the insider now directly owns 61,225 shares of the company’s stock, valued at $7,224,550. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Valarie L. Sheppard sold 1,259 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $120.36, for a total value of $151,533.24. Following the sale, the vice president now directly owns 26,094 shares of the company’s stock, valued at $3,140,673.84. The disclosure for this sale can be found here. Insiders have sold 448,674 shares of company stock valued at $53,197,461 over the last ninety days. 1.75% of the stock is currently owned by company insiders.

A number of research analysts recently weighed in on PG shares. ValuEngine downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Credit Suisse Group upped their price target on Procter & Gamble from $108.00 to $117.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Deutsche Bank upped their price target on Procter & Gamble from $106.00 to $109.00 and gave the stock a “hold” rating in a research note on Monday, June 17th. TheStreet downgraded Procter & Gamble from an “a-” rating to a “c+” rating in a research note on Tuesday, July 30th. Finally, Scotiabank reaffirmed a “buy” rating on shares of Procter & Gamble in a research note on Friday, July 5th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $108.95.

Shares of Procter & Gamble stock traded down $0.35 on Friday, hitting $121.59. The company had a trading volume of 2,989,362 shares, compared to its average volume of 6,660,306. The stock has a market capitalization of $302.64 billion, a price-to-earnings ratio of 26.90, a P/E/G ratio of 3.51 and a beta of 0.42. Procter & Gamble Co has a 1 year low of $78.49 and a 1 year high of $125.36. The stock has a 50 day moving average of $121.79 and a 200-day moving average of $112.57. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.58 and a current ratio of 0.75.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $1.10 EPS for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.04. The company had revenue of $17.09 billion during the quarter, compared to the consensus estimate of $16.86 billion. Procter & Gamble had a return on equity of 23.03% and a net margin of 5.76%. Procter & Gamble’s revenue was up 3.6% on a year-over-year basis. During the same period last year, the business posted $0.94 earnings per share. Equities analysts anticipate that Procter & Gamble Co will post 4.85 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 18th will be given a dividend of $0.7459 per share. This represents a $2.98 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date is Thursday, October 17th. Procter & Gamble’s payout ratio is 65.93%.

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

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