Union Bankshares Corp increased its position in Procter & Gamble Co. (NYSE:PG) by 1.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 63,866 shares of the company’s stock after buying an additional 898 shares during the period. Procter & Gamble Co. makes up 2.1% of Union Bankshares Corp’s investment portfolio, making the stock its 7th largest position. Union Bankshares Corp’s holdings in Procter & Gamble Co. were worth $5,408,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Sonora Investment Management LLC boosted its position in Procter & Gamble Co. by 215.0% in the fourth quarter. Sonora Investment Management LLC now owns 29,026 shares of the company’s stock worth $2,305,000 after buying an additional 19,810 shares during the period. Valley National Advisers Inc. boosted its position in Procter & Gamble Co. by 17.8% in the fourth quarter. Valley National Advisers Inc. now owns 42,809 shares of the company’s stock worth $3,399,000 after buying an additional 6,459 shares during the period. J.P. Marvel Investment Advisors LLC bought a new position in Procter & Gamble Co. during the fourth quarter worth approximately $3,626,000. Laurel Wealth Advisors Inc. bought a new position in Procter & Gamble Co. during the fourth quarter worth approximately $4,403,000. Finally, Norges Bank bought a new position in Procter & Gamble Co. during the fourth quarter worth approximately $1,852,688,000. 58.75% of the stock is owned by hedge funds and other institutional investors.

Shares of Procter & Gamble Co. (NYSE:PG) traded down 0.01% during trading on Friday, reaching $88.05. The company’s stock had a trading volume of 23,518,263 shares. Procter & Gamble Co. has a one year low of $69.37 and a one year high of $88.87. The firm has a market cap of $234.98 billion, a P/E ratio of 23.84 and a beta of 0.51. The stock’s 50 day moving average is $86.88 and its 200 day moving average is $83.76.

Procter & Gamble Co. (NYSE:PG) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.79 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.05. Procter & Gamble Co. had a return on equity of 17.48% and a net margin of 16.09%. The firm earned $16.10 billion during the quarter, compared to the consensus estimate of $15.83 billion. During the same quarter in the previous year, the company posted $1.00 earnings per share. The business’s revenue was down 2.7% on a year-over-year basis. On average, equities analysts forecast that Procter & Gamble Co. will post $0.02 EPS for the current fiscal year.

A number of research analysts have recently commented on PG shares. SunTrust Banks Inc. reissued a “buy” rating on shares of Procter & Gamble Co. in a report on Sunday, May 22nd. Atlantic Securities started coverage on Procter & Gamble Co. in a research note on Wednesday, June 1st. They issued a “neutral” rating and a $84.00 price objective for the company. Vetr raised Procter & Gamble Co. from a “sell” rating to a “strong-buy” rating and set a $91.97 price objective for the company in a research note on Wednesday, June 1st. Jefferies Group started coverage on Procter & Gamble Co. in a research note on Wednesday, June 15th. They issued a “buy” rating and a $95.00 price objective for the company. Finally, Zacks Investment Research downgraded Procter & Gamble Co. from a “hold” rating to a “sell” rating in a research note on Tuesday, June 28th. Ten research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $89.58.

In other news, insider Jeffrey K. Schomburger sold 2,603 shares of the business’s stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of $87.16, for a total transaction of $226,877.48. Following the transaction, the insider now directly owns 33,188 shares of the company’s stock, valued at $2,892,666.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO David S. Taylor sold 72,525 shares of the business’s stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of $85.76, for a total value of $6,219,744.00. Following the transaction, the chief executive officer now directly owns 136,933 shares in the company, valued at $11,743,374.08. The disclosure for this sale can be found here. 0.35% of the stock is owned by company insiders.

About Procter & Gamble Co.

The Procter & Gamble Company (P&G) provides consumer packaged goods. The Company operates in five segments under GBUs: Beauty, which offers a range of products ranging from deodorants to cosmetics to skin care; Grooming, which includes blades, razors and electronic hair removal devices, such as electric razors and epilators; Health Care, which includes oral care and personal health care products.; Fabric Care and Home Care, which consists of a range of fabric care products, home care products and batteries, and Baby Feminine and Family Care, which offers diapers, pants, baby wipe, Bounty paper, towel and Charmin toilet paper brands.

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