Procter & Gamble Company (The) (NYSE:PG) Shares Acquired by Access Financial Services Inc.

Access Financial Services Inc. increased its holdings in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 45.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,824 shares of the company's stock after buying an additional 3,392 shares during the quarter. Procter & Gamble accounts for about 0.7% of Access Financial Services Inc.'s holdings, making the stock its 21st biggest holding. Access Financial Services Inc.'s holdings in Procter & Gamble were worth $1,845,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Lakeridge Wealth Management LLC boosted its stake in shares of Procter & Gamble by 0.6% during the 4th quarter. Lakeridge Wealth Management LLC now owns 10,807 shares of the company's stock worth $1,812,000 after acquiring an additional 60 shares in the last quarter. Unique Wealth LLC increased its position in Procter & Gamble by 2.9% during the first quarter. Unique Wealth LLC now owns 2,141 shares of the company's stock worth $365,000 after buying an additional 61 shares in the last quarter. Bernard Wealth Management Corp. boosted its stake in shares of Procter & Gamble by 20.2% during the first quarter. Bernard Wealth Management Corp. now owns 375 shares of the company's stock valued at $64,000 after acquiring an additional 63 shares during the last quarter. Kolinsky Wealth Management LLC grew its holdings in shares of Procter & Gamble by 1.1% during the fourth quarter. Kolinsky Wealth Management LLC now owns 5,738 shares of the company's stock worth $962,000 after buying an additional 64 shares in the last quarter. Finally, Retirement Planning Group LLC raised its holdings in Procter & Gamble by 1.4% in the 4th quarter. Retirement Planning Group LLC now owns 4,704 shares of the company's stock valued at $789,000 after acquiring an additional 64 shares during the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Jennifer L. Davis sold 1,000 shares of the business's stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total value of $161,380.00. Following the completion of the sale, the chief executive officer now owns 51,965 shares in the company, valued at approximately $8,386,111.70. The trade was a 1.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the completion of the sale, the insider now owns 25,182 shares of the company's stock, valued at approximately $3,995,627.94. This trade represents a 29.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.18% of the company's stock.

Procter & Gamble Stock Performance

Procter & Gamble stock traded down $0.66 during trading on Thursday, hitting $157.86. The stock had a trading volume of 7,202,108 shares, compared to its average volume of 7,386,373. The stock's 50 day moving average is $163.63 and its two-hundred day moving average is $166.40. Procter & Gamble Company has a 1 year low of $156.58 and a 1 year high of $180.43. The stock has a market cap of $370.11 billion, a price-to-earnings ratio of 25.06, a price-to-earnings-growth ratio of 4.67 and a beta of 0.43. The company has a quick ratio of 0.50, a current ratio of 0.71 and a debt-to-equity ratio of 0.47.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $1.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.53 by $0.01. The firm had revenue of $19.78 billion during the quarter, compared to the consensus estimate of $20.42 billion. Procter & Gamble had a return on equity of 32.67% and a net margin of 18.46%. The company's revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter last year, the company posted $1.52 EPS. As a group, analysts predict that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, April 21st were given a dividend of $1.0568 per share. This is a boost from Procter & Gamble's previous quarterly dividend of $1.01. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date was Monday, April 21st. Procter & Gamble's payout ratio is presently 67.14%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on PG. Bank of America reduced their target price on Procter & Gamble from $190.00 to $180.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Redburn Atlantic downgraded Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 price objective on the stock. in a report on Thursday, May 1st. Evercore ISI reaffirmed an "outperform" rating and set a $190.00 target price (up previously from $170.00) on shares of Procter & Gamble in a report on Tuesday, June 3rd. Truist Financial decreased their price target on shares of Procter & Gamble from $185.00 to $180.00 and set a "buy" rating for the company in a report on Friday, April 25th. Finally, Citigroup dropped their target price on Procter & Gamble from $200.00 to $181.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Eight research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $178.86.

Procter & Gamble Company 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.