Wynn Capital LLC Invests $878,000 in The Procter & Gamble Company (NYSE:PG)

Wynn Capital LLC bought a new stake in The Procter & Gamble Company (NYSE:PG) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 5,990 shares of the company’s stock, valued at approximately $878,000.

Other large investors have also modified their holdings of the company. Cerity Partners LLC grew its stake in Procter & Gamble by 106.2% during the 4th quarter. Cerity Partners LLC now owns 6,134,455 shares of the company’s stock valued at $898,943,000 after purchasing an additional 3,159,796 shares in the last quarter. Wellington Management Group LLP grew its stake in Procter & Gamble by 9.4% during the 3rd quarter. Wellington Management Group LLP now owns 35,608,913 shares of the company’s stock valued at $5,193,916,000 after purchasing an additional 3,047,557 shares in the last quarter. International Assets Investment Management LLC grew its stake in Procter & Gamble by 13,850.3% during the 4th quarter. International Assets Investment Management LLC now owns 2,747,379 shares of the company’s stock valued at $402,601,000 after purchasing an additional 2,727,685 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Procter & Gamble by 235.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 3,231,032 shares of the company’s stock valued at $473,475,000 after purchasing an additional 2,268,805 shares in the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC acquired a new stake in Procter & Gamble during the 3rd quarter valued at approximately $246,412,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insider Buying and Selling

In related news, COO Shailesh Jejurikar sold 31,275 shares of Procter & Gamble stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $154.90, for a total value of $4,844,497.50. Following the transaction, the chief operating officer now directly owns 9,623 shares in the company, valued at approximately $1,490,602.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, COO Shailesh Jejurikar sold 31,275 shares of Procter & Gamble stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $154.90, for a total value of $4,844,497.50. Following the transaction, the chief operating officer now directly owns 9,623 shares in the company, valued at approximately $1,490,602.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Susan Street Whaley sold 3,865 shares of Procter & Gamble stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $160.60, for a total value of $620,719.00. Following the transaction, the insider now owns 11,886 shares in the company, valued at approximately $1,908,891.60. The disclosure for this sale can be found here. Insiders have sold 103,771 shares of company stock worth $16,292,467 in the last three months. 0.17% of the stock is currently owned by insiders.

Procter & Gamble Price Performance

Shares of PG stock traded up $1.08 during mid-day trading on Wednesday, hitting $162.58. 7,216,558 shares of the stock traded hands, compared to its average volume of 6,971,658. The Procter & Gamble Company has a twelve month low of $141.45 and a twelve month high of $163.14. The firm has a market cap of $383.71 billion, a price-to-earnings ratio of 26.57, a price-to-earnings-growth ratio of 3.23 and a beta of 0.44. The company’s 50-day simple moving average is $159.32 and its 200-day simple moving average is $153.26. 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 results on Friday, April 19th. The company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.10. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The company had revenue of $20.20 billion for the quarter, compared to analysts’ expectations of $20.43 billion. During the same period last year, the firm earned $1.37 EPS. The firm’s revenue for the quarter was up .6% on a year-over-year basis. As a group, equities research analysts expect that The Procter & Gamble Company will post 6.54 earnings per share for the current year.

Procter & Gamble Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, April 19th will be issued a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.48%. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend is Thursday, April 18th. Procter & Gamble’s payout ratio is presently 65.85%.

Analyst Ratings Changes

A number of research analysts have commented on PG shares. Royal Bank of Canada increased their target price on Procter & Gamble from $156.00 to $157.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 24th. Truist Financial raised Procter & Gamble from a “hold” rating to a “buy” rating and increased their target price for the stock from $160.00 to $175.00 in a report on Monday, March 11th. Deutsche Bank Aktiengesellschaft reduced their target price on Procter & Gamble from $172.00 to $171.00 and set a “buy” rating on the stock in a report on Monday. JPMorgan Chase & Co. cut their price target on Procter & Gamble from $169.00 to $162.00 and set an “overweight” rating on the stock in a report on Thursday, January 18th. Finally, Stifel Nicolaus raised their price target on Procter & Gamble from $155.00 to $157.00 and gave the stock a “hold” rating in a report on Wednesday, January 24th. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus price target of $168.88.

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.