Cliftonlarsonallen Wealth Advisors Boosts Stake in Procter & Gamble
Cliftonlarsonallen Wealth Advisors LLC significantly increased its holdings in Procter & Gamble Company (PG) by 23% during the second quarter, according to a recent filing with the Securities & Exchange Commission.
The fund acquired an additional 7,920 shares of PG stock, bringing its total ownership to 42,352 shares worth $6.21 million at the end of the quarter.
This is not the only institutional investor that has boosted its stake in PG recently. Brighton Jones LLC grew its position by 51.5% in the fourth quarter and now owns 40,068 shares valued at $6.72 million. Taylor Financial Group Inc. increased its holdings by 10.6% during the first quarter.
PG's stock has performed well this year, with a market cap of $336.55 billion and a price-to-earnings ratio of 21.87. The company reported earnings per share (EPS) of $1.43 in its latest quarterly results, beating analyst estimates by $0.02.