Access Financial Services Inc. Reduces Position in Procter & Gamble Company (The) (PG)

Access Financial Services Inc. reduced its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 3.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,771 shares of the company’s stock after selling 445 shares during the period. Access Financial Services Inc.’s holdings in Procter & Gamble Company (The) were worth $1,113,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in PG. Norges Bank acquired a new stake in shares of Procter & Gamble Company (The) during the fourth quarter worth about $1,918,188,000. Asset Management One Co. Ltd. boosted its stake in shares of Procter & Gamble Company (The) by 775.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 4,562,545 shares of the company’s stock worth $383,723,000 after buying an additional 4,041,486 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in shares of Procter & Gamble Company (The) during the fourth quarter worth about $127,893,000. Karp Capital Management Corp acquired a new stake in shares of Procter & Gamble Company (The) during the first quarter worth about $126,275,000. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its stake in Procter & Gamble Company (The) by 10,138.9% in the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 942,081 shares of the company’s stock valued at $942,000 after buying an additional 932,880 shares in the last quarter. 59.69% of the stock is owned by institutional investors.

Procter & Gamble Company (NYSE:PG) traded down 0.44% during mid-day trading on Friday, reaching $91.34. 7,093,858 shares of the company’s stock were exchanged. Procter & Gamble Company has a one year low of $81.18 and a one year high of $92.08. The stock has a market cap of $232.92 billion, a price-to-earnings ratio of 16.33 and a beta of 0.68. The stock has a 50-day moving average of $88.98 and a 200-day moving average of $88.90.

Procter & Gamble Company (The) (NYSE:PG) last announced its quarterly earnings results on Thursday, July 27th. The company reported $0.85 EPS for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.07. The business had revenue of $16.08 billion for the quarter, compared to analysts’ expectations of $16.01 billion. Procter & Gamble Company (The) had a return on equity of 19.97% and a net margin of 23.56%. The business’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.79 EPS. On average, equities research analysts anticipate that Procter & Gamble Company will post $4.17 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Friday, July 21st will be paid a $0.6896 dividend. The ex-dividend date of this dividend is Wednesday, July 19th. This represents a $2.76 dividend on an annualized basis and a yield of 3.02%. Procter & Gamble Company (The)’s dividend payout ratio (DPR) is currently 49.37%.

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Several equities research analysts recently weighed in on the stock. UBS AG reaffirmed a “buy” rating and set a $102.00 price objective (down previously from $104.00) on shares of Procter & Gamble Company (The) in a research report on Friday, April 28th. Zacks Investment Research cut shares of Procter & Gamble Company (The) from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Stifel Nicolaus reaffirmed a “hold” rating and set a $90.00 price objective (up previously from $87.00) on shares of Procter & Gamble Company (The) in a research report on Sunday, July 30th. BidaskClub raised shares of Procter & Gamble Company (The) from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $100.00 price objective (up previously from $98.00) on shares of Procter & Gamble Company (The) in a research report on Sunday, July 30th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company’s stock. Procter & Gamble Company (The) presently has an average rating of “Hold” and an average price target of $87.81.

In other news, insider Patrice Louvet sold 62,350 shares of the business’s stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $86.27, for a total transaction of $5,378,934.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Suranjan Magesvaran sold 10,512 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $91.00, for a total value of $956,592.00. The disclosure for this sale can be found here. Insiders sold a total of 203,898 shares of company stock worth $17,666,387 over the last ninety days. Insiders own 0.35% of the company’s stock.

About Procter & Gamble Company (The)

The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.

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

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