Wynn Capital LLC Makes New Investment in The Procter & Gamble Company (NYSE:PG)

Wynn Capital LLC bought a new position in shares of The Procter & Gamble Company (NYSE:PG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 5,990 shares of the company’s stock, valued at approximately $878,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PG. Wyrmwood Management LLC bought a new stake in shares of Procter & Gamble during the fourth quarter valued at approximately $29,000. Naples Money Management LLC bought a new stake in shares of Procter & Gamble during the fourth quarter valued at approximately $29,000. Criterion Capital Advisors LLC bought a new stake in shares of Procter & Gamble during the fourth quarter valued at approximately $33,000. Mendota Financial Group LLC raised its position in shares of Procter & Gamble by 636.6% during the fourth quarter. Mendota Financial Group LLC now owns 302 shares of the company’s stock valued at $44,000 after buying an additional 261 shares during the last quarter. Finally, Morton Brown Family Wealth LLC raised its position in shares of Procter & Gamble by 206.6% during the fourth quarter. Morton Brown Family Wealth LLC now owns 417 shares of the company’s stock valued at $61,000 after buying an additional 281 shares during the last quarter. Institutional investors own 65.77% of the company’s stock.

Insider Activity at Procter & Gamble

In related news, CEO Ma. Fatima Francisco sold 45,000 shares of Procter & Gamble stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $156.00, for a total value of $7,020,000.00. Following the completion of the sale, the chief executive officer now directly owns 973 shares in the company, valued at $151,788. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Procter & Gamble news, CEO R. Alexandra Keith sold 776 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $158.11, for a total value of $122,693.36. Following the completion of the transaction, the chief executive officer now directly owns 4,859 shares in the company, valued at $768,256.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ma. Fatima Francisco sold 45,000 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $156.00, for a total transaction of $7,020,000.00. Following the completion of the transaction, the chief executive officer now owns 973 shares of the company’s stock, valued at $151,788. The disclosure for this sale can be found here. Insiders sold 103,771 shares of company stock worth $16,292,467 over the last three months. 0.17% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on PG. JPMorgan Chase & Co. reduced their price objective on shares of Procter & Gamble from $169.00 to $162.00 and set an “overweight” rating on the stock in a research report on Thursday, January 18th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Procter & Gamble from $172.00 to $171.00 and set a “buy” rating for the company in a report on Monday. The Goldman Sachs Group assumed coverage on shares of Procter & Gamble in a report on Friday, March 1st. They issued a “neutral” rating and a $168.00 target price for the company. Barclays raised their target price on shares of Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a report on Tuesday. Finally, Truist Financial raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and raised their target price for the company from $160.00 to $175.00 in a report on Monday, March 11th. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $168.88.

Procter & Gamble Trading Up 0.7 %

Shares of NYSE:PG traded up $1.08 on Wednesday, hitting $162.58. 7,216,558 shares of the company’s stock were exchanged, compared to its average volume of 6,971,658. The Procter & Gamble Company has a 12 month low of $141.45 and a 12 month high of $163.14. The stock has a market capitalization 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 business’s 50 day simple moving average is $159.32 and its two-hundred day simple moving average is $153.26. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.69 and a quick ratio of 0.48.

Procter & Gamble (NYSE:PG) last released its earnings results on Friday, April 19th. The company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.10. The business had revenue of $20.20 billion during the quarter, compared to the consensus estimate of $20.43 billion. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The business’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period last year, the company earned $1.37 earnings per share. Analysts anticipate that The Procter & Gamble Company will post 6.54 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently disclosed 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 is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 annualized dividend and a dividend yield of 2.48%. The ex-dividend date of this dividend is Thursday, April 18th. Procter & Gamble’s payout ratio is presently 65.85%.

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.