Access Financial Services Inc. Lowers Stock Position in Procter & Gamble Co (NYSE:PG)

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Access Financial Services Inc. lessened its holdings in Procter & Gamble Co (NYSE:PG) by 1.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 20,184 shares of the company’s stock after selling 358 shares during the quarter. Procter & Gamble makes up about 1.5% of Access Financial Services Inc.’s holdings, making the stock its 12th largest holding. Access Financial Services Inc.’s holdings in Procter & Gamble were worth $2,521,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. increased its position in Procter & Gamble by 1.5% during the 2nd quarter. BlackRock Inc. now owns 167,930,647 shares of the company’s stock valued at $18,413,594,000 after buying an additional 2,470,382 shares in the last quarter. State Street Corp raised its stake in Procter & Gamble by 1.4% in the third quarter. State Street Corp now owns 118,454,191 shares of the company’s stock valued at $14,733,332,000 after buying an additional 1,585,813 shares during the last quarter. Phocas Financial Corp. raised its stake in Procter & Gamble by 999,937.0% in the second quarter. Phocas Financial Corp. now owns 71,062,629 shares of the company’s stock valued at $77,920,000 after buying an additional 71,055,523 shares during the last quarter. California Public Employees Retirement System boosted its holdings in Procter & Gamble by 1.8% in the third quarter. California Public Employees Retirement System now owns 10,612,577 shares of the company’s stock worth $1,319,992,000 after acquiring an additional 183,533 shares in the last quarter. Finally, Parametric Portfolio Associates LLC boosted its holdings in Procter & Gamble by 2.6% in the third quarter. Parametric Portfolio Associates LLC now owns 8,681,267 shares of the company’s stock worth $1,079,776,000 after acquiring an additional 216,795 shares in the last quarter. Hedge funds and other institutional investors own 62.83% of the company’s stock.

A number of equities research analysts have recently weighed in on the company. Goldman Sachs Group restated a “buy” rating and set a $136.00 price target on shares of Procter & Gamble in a research note on Wednesday, October 23rd. Wells Fargo & Co increased their price objective on shares of Procter & Gamble from $135.00 to $136.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Morgan Stanley lifted their target price on shares of Procter & Gamble from $130.00 to $134.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. ValuEngine downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, UBS Group upped their price target on shares of Procter & Gamble from $122.00 to $126.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $120.38.

Shares of NYSE:PG opened at $126.09 on Wednesday. Procter & Gamble Co has a 52-week low of $89.08 and a 52-week high of $127.00. The stock has a market cap of $315.24 billion, a price-to-earnings ratio of 84.06, a PEG ratio of 3.42 and a beta of 0.40. The company has a quick ratio of 0.54, a current ratio of 0.72 and a debt-to-equity ratio of 0.44. The business has a 50-day moving average price of $124.72 and a 200-day moving average price of $120.88.

Procter & Gamble (NYSE:PG) last released its earnings results on Tuesday, October 22nd. The company reported $1.37 EPS for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.13. The firm had revenue of $17.80 billion during the quarter, compared to the consensus estimate of $17.43 billion. Procter & Gamble had a return on equity of 25.07% and a net margin of 6.24%. The company’s revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.12 earnings per share. As a group, equities analysts anticipate that Procter & Gamble Co will post 4.94 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 24th will be issued a $0.7459 dividend. The ex-dividend date of this dividend is Thursday, January 23rd. This represents a $2.98 annualized dividend and a yield of 2.37%. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.93%.

In related news, CEO David S. Taylor sold 50,000 shares of the business’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $124.01, for a total transaction of $6,200,500.00. Following the completion of the transaction, the chief executive officer now directly owns 277,521 shares in the company, valued at $34,415,379.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ma. Fatima Francisco sold 1,729 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $122.00, for a total transaction of $210,938.00. Following the completion of the sale, the chief executive officer now directly owns 6,856 shares in the company, valued at $836,432. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,247,348 shares of company stock worth $154,656,137. 1.75% of the stock is owned by corporate insiders.

Procter & Gamble 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.

Further Reading: What are the benefits of investing in REITs?

Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Procter & Gamble Co (NYSE:PG).

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

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