Union Bankshares Corp boosted its position in shares of Procter & Gamble Co. (NYSE:PG) by 1.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 63,866 shares of the company’s stock after buying an additional 898 shares during the period. Procter & Gamble Co. accounts for about 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 filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. BlackRock Fund Advisors increased its stake in shares of Procter & Gamble Co. by 0.7% in the first quarter. BlackRock Fund Advisors now owns 35,929,242 shares of the company’s stock worth $2,957,336,000 after buying an additional 265,762 shares during the period. Ngam Advisors L.P. increased its stake in shares of Procter & Gamble Co. by 5.2% in the first quarter. Ngam Advisors L.P. now owns 598,608 shares of the company’s stock worth $49,271,000 after buying an additional 29,768 shares during the period. First Financial Bank N.A. Trust Division increased its stake in shares of Procter & Gamble Co. by 3.5% in the second quarter. First Financial Bank N.A. Trust Division now owns 343,217 shares of the company’s stock worth $29,060,000 after buying an additional 11,650 shares during the period. Prudential Financial Inc. increased its stake in shares of Procter & Gamble Co. by 2.2% in the first quarter. Prudential Financial Inc. now owns 6,665,314 shares of the company’s stock worth $548,622,000 after buying an additional 145,882 shares during the period. Finally, AMF Pensionsforsakring AB increased its stake in shares of Procter & Gamble Co. by 5.7% in the first quarter. AMF Pensionsforsakring AB now owns 1,596,842 shares of the company’s stock worth $131,436,000 after buying an additional 85,680 shares during the period. Institutional investors and hedge funds own 58.75% of the company’s stock.

Procter & Gamble Co. (NYSE:PG) traded down 0.01% on Friday, reaching $88.05. 23,518,263 shares of the company traded hands. The stock has a market capitalization of $234.98 billion, a PE ratio of 23.84 and a beta of 0.51. Procter & Gamble Co. has a one year low of $69.37 and a one year high of $88.87. The firm has a 50 day moving average of $86.88 and a 200-day moving average of $83.76.

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

PG has been the subject of a number of research reports. Jefferies Group reissued a “buy” rating and issued a $95.00 price target on shares of Procter & Gamble Co. in a report on Thursday, June 23rd. Johnson Rice raised shares of Procter & Gamble Co. from an “accumulate” rating to a “buy” rating in a report on Friday, August 26th. Zacks Investment Research downgraded shares of Procter & Gamble Co. from a “hold” rating to a “sell” rating in a report on Tuesday, June 28th. Deutsche Bank AG reaffirmed a “buy” rating and set a $92.00 price objective (up from $85.00) on shares of Procter & Gamble Co. in a report on Sunday, July 24th. Finally, Atlantic Securities began coverage on shares of Procter & Gamble Co. in a report on Wednesday, June 1st. They set a “neutral” rating and a $84.00 price objective for the company. Ten analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $89.58.

In other news, CFO Jon R. Moeller sold 272,591 shares of the stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $85.94, for a total value of $23,426,470.54. Following the completion of the transaction, the chief financial officer now owns 164,269 shares of the company’s stock, valued at $14,117,277.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David S. Taylor sold 72,525 shares of the stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $85.76, for a total transaction of $6,219,744.00. Following the completion of the transaction, the chief executive officer now directly owns 136,933 shares of the company’s stock, valued at approximately $11,743,374.08. The disclosure for this sale can be found here. Corporate insiders own 0.35% of the company’s stock.

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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