Access Financial Services Inc. Sells 104 Shares of The Procter & Gamble Company (NYSE:PG)

Access Financial Services Inc. cut its position in The Procter & Gamble Company (NYSE:PG) by 1.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,432 shares of the company’s stock after selling 104 shares during the period. Access Financial Services Inc.’s holdings in Procter & Gamble were worth $1,246,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Fiera Capital Corp raised its stake in shares of Procter & Gamble by 1,135.1% in the second quarter. Fiera Capital Corp now owns 20,688 shares of the company’s stock valued at $3,412,000 after buying an additional 19,013 shares during the period. Westwood Holdings Group Inc. grew its stake in shares of Procter & Gamble by 9.8% in the second quarter. Westwood Holdings Group Inc. now owns 7,863 shares of the company’s stock worth $1,297,000 after purchasing an additional 705 shares during the last quarter. Itau Unibanco Holding S.A. bought a new stake in shares of Procter & Gamble during the 2nd quarter valued at about $28,000. EverSource Wealth Advisors LLC grew its position in shares of Procter & Gamble by 36.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 14,632 shares of the company’s stock worth $2,352,000 after buying an additional 3,932 shares during the period. Finally, Harmony Asset Management LLC grew its position in Procter & Gamble by 23.9% during the 2nd quarter. Harmony Asset Management LLC now owns 2,402 shares of the company’s stock valued at $396,000 after purchasing an additional 464 shares during the last quarter. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Trading Up 0.5 %

Shares of PG opened at $161.35 on Tuesday. The company has a market capitalization of $379.98 billion, a PE ratio of 27.82, a price-to-earnings-growth ratio of 3.41 and a beta of 0.45. The Procter & Gamble Company has a fifty-two week low of $146.28 and a fifty-two week high of $180.43. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.75. The stock has a fifty day moving average of $169.19 and a two-hundred day moving average of $169.46.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Friday, October 18th. The company reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.03. The company had revenue of $21.74 billion for the quarter, compared to analyst estimates of $21.99 billion. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The business’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter last year, the firm posted $1.83 earnings per share. As a group, analysts forecast that The Procter & Gamble Company will post 6.93 EPS for the current year.

Procter & Gamble Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th will be issued a dividend of $1.0065 per share. The ex-dividend date of this dividend is Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.50%. Procter & Gamble’s dividend payout ratio (DPR) is presently 69.48%.

Insider Activity at Procter & Gamble

In related news, CEO Gary A. Coombe sold 47,847 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $179.84, for a total value of $8,604,804.48. Following the sale, the chief executive officer now owns 39,977 shares of the company’s stock, valued at $7,189,463.68. The trade was a 54.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Balaji Purushothaman sold 12,800 shares of Procter & Gamble stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $168.99, for a total value of $2,163,072.00. Following the completion of the transaction, the insider now owns 11,566 shares of the company’s stock, valued at approximately $1,954,538.34. The trade was a 52.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 73,447 shares of company stock worth $12,978,820 in the last 90 days. Corporate insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

PG has been the topic of several recent analyst reports. Morgan Stanley raised their price objective on shares of Procter & Gamble from $174.00 to $191.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Evercore ISI lifted their target price on Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Wells Fargo & Company cut their target price on Procter & Gamble from $190.00 to $176.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Hsbc Global Res upgraded shares of Procter & Gamble to a “strong-buy” rating in a research note on Friday, October 4th. Finally, DA Davidson reiterated a “buy” rating and issued a $209.00 target price on shares of Procter & Gamble in a research note on Friday, December 27th. Eight investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $179.65.

Procter & Gamble Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.