CRA Financial Services LLC Has $1.69 Million Holdings in The Procter & Gamble Company (NYSE:PG)

CRA Financial Services LLC grew its position in The Procter & Gamble Company (NYSE:PG) by 7.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,105 shares of the company’s stock after purchasing an additional 812 shares during the period. CRA Financial Services LLC’s holdings in Procter & Gamble were worth $1,685,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of PG. Silicon Valley Capital Partners bought a new stake in Procter & Gamble during the 4th quarter worth about $28,000. GW&K Investment Management LLC bought a new stake in Procter & Gamble during the first quarter worth about $28,000. IAG Wealth Partners LLC boosted its position in Procter & Gamble by 58.8% during the first quarter. IAG Wealth Partners LLC now owns 243 shares of the company’s stock valued at $36,000 after purchasing an additional 90 shares during the last quarter. Kepos Capital LP acquired a new position in shares of Procter & Gamble during the 4th quarter worth approximately $38,000. Finally, Ten Capital Wealth Advisors LLC raised its stake in shares of Procter & Gamble by 325.8% during the 1st quarter. Ten Capital Wealth Advisors LLC now owns 264 shares of the company’s stock worth $39,000 after purchasing an additional 202 shares in the last quarter. 63.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PG has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Procter & Gamble from $170.00 to $173.00 and gave the stock a “buy” rating in a report on Monday, July 31st. Bank of America upped their target price on shares of Procter & Gamble from $170.00 to $175.00 and gave the company a “buy” rating in a report on Tuesday, August 1st. Morgan Stanley reiterated an “overweight” rating and set a $174.00 price target on shares of Procter & Gamble in a report on Tuesday, August 1st. Barclays upped their price objective on Procter & Gamble from $160.00 to $166.00 and gave the company an “overweight” rating in a research note on Tuesday, August 1st. Finally, Royal Bank of Canada boosted their target price on Procter & Gamble from $165.00 to $167.00 and gave the stock a “sector perform” rating in a report on Monday, July 31st. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, Procter & Gamble presently has a consensus rating of “Moderate Buy” and a consensus target price of $164.82.

Procter & Gamble Stock Up 0.4 %

NYSE PG opened at $154.05 on Tuesday. The company has a current ratio of 0.63, a quick ratio of 0.44 and a debt-to-equity ratio of 0.53. The company has a market cap of $363.14 billion, a price-to-earnings ratio of 26.11, a PEG ratio of 3.50 and a beta of 0.42. The company has a 50 day moving average of $153.35 and a 200-day moving average of $150.37. The Procter & Gamble Company has a 1-year low of $122.18 and a 1-year high of $158.38.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Friday, July 28th. The company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.05. The firm had revenue of $20.60 billion during the quarter, compared to analysts’ expectations of $20.01 billion. Procter & Gamble had a return on equity of 32.88% and a net margin of 17.87%. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.21 EPS. On average, equities research analysts expect that The Procter & Gamble Company will post 6.38 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Friday, July 21st were issued a $0.9407 dividend. This represents a $3.76 annualized dividend and a yield of 2.44%. The ex-dividend date was Thursday, July 20th. Procter & Gamble’s dividend payout ratio is currently 63.73%.

Insider Activity

In related news, CEO R. Alexandra Keith sold 781 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $152.82, for a total value of $119,352.42. Following the transaction, the chief executive officer now directly owns 6,310 shares of the company’s stock, valued at $964,294.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Procter & Gamble news, CEO Ma. Fatima Francisco sold 8,387 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $156.87, for a total value of $1,315,668.69. Following the sale, the chief executive officer now owns 962 shares in the company, valued at $150,908.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO R. Alexandra Keith sold 781 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $152.82, for a total value of $119,352.42. Following the sale, the chief executive officer now directly owns 6,310 shares in the company, valued at approximately $964,294.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 106,607 shares of company stock worth $16,523,793. 0.17% of the stock is currently owned by corporate insiders.

About Procter & Gamble

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.