CRA Financial Services LLC Cuts Stock Holdings in The Procter & Gamble Company (NYSE:PG)

CRA Financial Services LLC lessened its holdings in The Procter & Gamble Company (NYSE:PG) by 2.0% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 11,901 shares of the company’s stock after selling 244 shares during the period. CRA Financial Services LLC’s holdings in Procter & Gamble were worth $1,931,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PG. Coston McIsaac & Partners raised its stake in shares of Procter & Gamble by 1.1% during the 1st quarter. Coston McIsaac & Partners now owns 43,275 shares of the company’s stock worth $7,020,000 after acquiring an additional 452 shares in the last quarter. Symphony Financial Ltd. Co. grew its holdings in Procter & Gamble by 5.0% in the first quarter. Symphony Financial Ltd. Co. now owns 11,215 shares of the company’s stock worth $1,820,000 after purchasing an additional 537 shares during the last quarter. Vicus Capital grew its holdings in Procter & Gamble by 64.4% in the first quarter. Vicus Capital now owns 5,079 shares of the company’s stock worth $824,000 after purchasing an additional 1,990 shares during the last quarter. Private Ocean LLC increased its position in shares of Procter & Gamble by 6.2% during the first quarter. Private Ocean LLC now owns 4,733 shares of the company’s stock worth $768,000 after purchasing an additional 277 shares in the last quarter. Finally, Trinity Financial Advisors LLC boosted its position in shares of Procter & Gamble by 7.4% in the 1st quarter. Trinity Financial Advisors LLC now owns 3,223 shares of the company’s stock worth $523,000 after purchasing an additional 222 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on PG shares. Jefferies Financial Group upped their target price on Procter & Gamble from $175.00 to $182.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. Argus increased their price objective on shares of Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Barclays boosted their target price on shares of Procter & Gamble from $168.00 to $170.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 23rd. Truist Financial raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and raised their price target for the stock from $160.00 to $175.00 in a report on Monday, March 11th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Procter & Gamble from $172.00 to $171.00 and set a “buy” rating on the stock in a research report on Monday, April 22nd. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $170.72.

Procter & Gamble Stock Performance

Shares of PG traded down $1.70 during trading hours on Friday, hitting $164.92. The stock had a trading volume of 9,253,317 shares, compared to its average volume of 6,088,934. The firm has a 50-day moving average price of $165.60 and a 200 day moving average price of $158.81. The Procter & Gamble Company has a fifty-two week low of $141.45 and a fifty-two week high of $169.41. The firm has a market capitalization of $389.23 billion, a price-to-earnings ratio of 26.95, a PEG ratio of 3.35 and a beta of 0.42. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.48 and a current ratio of 0.69.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Friday, April 19th. The company reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.10. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. The business had revenue of $20.20 billion during the quarter, compared to the consensus estimate of $20.43 billion. During the same quarter in the prior year, the firm posted $1.37 earnings per share. The company’s revenue was up .6% compared to the same quarter last year. As a group, research analysts anticipate that The Procter & Gamble Company will post 6.55 EPS for the current year.

Procter & Gamble Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th were given a $1.0065 dividend. The ex-dividend date of this dividend was Thursday, April 18th. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.44%. Procter & Gamble’s payout ratio is 65.85%.

Insider Transactions at Procter & Gamble

In related news, CEO R. Alexandra Keith sold 855 shares of the business’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $158.50, for a total value of $135,517.50. Following the completion of the sale, the chief executive officer now owns 4,004 shares of the company’s stock, valued at approximately $634,634. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, insider Moses Victor Javier Aguilar sold 9,149 shares of Procter & Gamble stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $167.72, for a total value of $1,534,470.28. Following the sale, the insider now directly owns 12,929 shares of the company’s stock, valued at $2,168,451.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO R. Alexandra Keith sold 855 shares of the stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $158.50, for a total value of $135,517.50. Following the completion of the transaction, the chief executive officer now directly owns 4,004 shares of the company’s stock, valued at $634,634. The disclosure for this sale can be found here. Insiders sold a total of 154,544 shares of company stock valued at $25,413,051 in the last three months. 0.17% of the stock is currently owned by company insiders.

Procter & Gamble Profile

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.