McClarren Financial Advisors Inc. Takes $724,000 Position in Procter & Gamble Company (The) (NYSE:PG)

Key Points

• McClarren Financial Advisors Inc. purchased 4,251 shares of Procter & Gamble (NYSE:PG), valued at approximately $724,000, indicating increased institutional investment in the company.
• Procter & Gamble reported $1.48 EPS for the quarter, exceeding the consensus estimate of $1.42, with revenues of $20.89 billion, up 1.7% from the previous year.
• The company announced a quarterly dividend of $1.0568, which will be paid on August 15th, representing a dividend yield of 2.8%.

McClarren Financial Advisors Inc. bought a new position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,251 shares of the company's stock, valued at approximately $724,000.

Other institutional investors also recently added to or reduced their stakes in the company. Cladis Investment Advisory LLC grew its holdings in Procter & Gamble by 5.2% during the fourth quarter. Cladis Investment Advisory LLC now owns 4,807 shares of the company's stock worth $806,000 after acquiring an additional 236 shares during the period. FAS Wealth Partners Inc. grew its position in shares of Procter & Gamble by 2.0% during the 4th quarter. FAS Wealth Partners Inc. now owns 27,690 shares of the company's stock valued at $4,642,000 after acquiring an additional 549 shares during the period. Capital Investment Advisory Services LLC raised its position in Procter & Gamble by 13.8% during the first quarter. Capital Investment Advisory Services LLC now owns 37,709 shares of the company's stock worth $6,426,000 after acquiring an additional 4,562 shares during the period. World Investment Advisors increased its stake in Procter & Gamble by 6.0% during the 1st quarter. World Investment Advisors now owns 50,913 shares of the company's stock worth $8,677,000 after buying an additional 2,886 shares in the last quarter. Finally, Sanders Capital LLC lifted its position in shares of Procter & Gamble by 1.4% in the fourth quarter. Sanders Capital LLC now owns 7,353,715 shares of the company's stock valued at $1,232,850,000 after acquiring an additional 104,168 shares in the last quarter. Institutional investors own 65.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on PG. Wells Fargo & Company decreased their price objective on Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating on the stock in a report on Wednesday, July 30th. Morgan Stanley set a $180.00 price objective on shares of Procter & Gamble and gave the company an "overweight" rating in a report on Friday, April 25th. Royal Bank Of Canada upgraded shares of Procter & Gamble from a "sector perform" rating to an "outperform" rating and lifted their price target for the company from $164.00 to $177.00 in a research report on Friday, April 25th. Barclays set a $164.00 target price on Procter & Gamble and gave the company an "equal weight" rating in a research report on Thursday, July 31st. Finally, Raymond James Financial dropped their price objective on Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Seven analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $175.88.

Procter & Gamble Stock Performance

PG traded up $0.06 during trading on Friday, reaching $153.55. The company's stock had a trading volume of 5,810,954 shares, compared to its average volume of 8,221,504. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.49 and a current ratio of 0.70. Procter & Gamble Company has a 52-week low of $149.91 and a 52-week high of $180.43. The company has a market capitalization of $359.67 billion, a price-to-earnings ratio of 23.59, a price-to-earnings-growth ratio of 4.03 and a beta of 0.37. The company's fifty day moving average price is $158.59 and its 200-day moving average price is $163.74.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, topping analysts' consensus estimates of $1.42 by $0.06. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The business had revenue of $20.89 billion for the quarter, compared to analysts' expectations of $20.79 billion. During the same period in the prior year, the company posted $1.40 EPS. The business's revenue for the quarter was up 1.7% on a year-over-year basis. On average, equities analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, July 18th will be given a $1.0568 dividend. The ex-dividend date is Friday, July 18th. This represents a $4.23 annualized dividend and a dividend yield of 2.8%. Procter & Gamble's payout ratio is currently 64.82%.

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.