Wynn Capital LLC Acquires 390 Shares of The Procter & Gamble Company (NYSE:PG)

Wynn Capital LLC boosted its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 6.5% during the 1st quarter, HoldingsChannel.com reports. The fund owned 6,434 shares of the company’s stock after purchasing an additional 390 shares during the period. Wynn Capital LLC’s holdings in Procter & Gamble were worth $1,096,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cladis Investment Advisory LLC lifted 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 in the last quarter. FAS Wealth Partners Inc. lifted its holdings in shares of Procter & Gamble by 2.0% in the fourth quarter. FAS Wealth Partners Inc. now owns 27,690 shares of the company’s stock valued at $4,642,000 after purchasing an additional 549 shares in the last quarter. Berkshire Asset Management LLC PA lifted its holdings in shares of Procter & Gamble by 0.9% in the fourth quarter. Berkshire Asset Management LLC PA now owns 236,616 shares of the company’s stock valued at $38,833,000 after purchasing an additional 2,179 shares in the last quarter. Strategic Advisors LLC lifted its holdings in shares of Procter & Gamble by 3.4% in the fourth quarter. Strategic Advisors LLC now owns 55,912 shares of the company’s stock valued at $9,374,000 after purchasing an additional 1,818 shares in the last quarter. Finally, Richard C. Young & CO. LTD. lifted its holdings in shares of Procter & Gamble by 2.1% in the fourth quarter. Richard C. Young & CO. LTD. now owns 123,853 shares of the company’s stock valued at $20,764,000 after purchasing an additional 2,568 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Jennifer L. Davis sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total value of $161,380.00. Following the transaction, the chief executive officer now owns 51,965 shares of the company’s stock, valued at approximately $8,386,111.70. This represents a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the company’s stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $158.67, for a total value of $1,669,208.40. Following the completion of the transaction, the insider now directly owns 25,182 shares in the company, valued at $3,995,627.94. The trade was a 29.47% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.18% of the company’s stock.

Procter & Gamble Price Performance

Shares of NYSE PG opened at $164.01 on Friday. The business’s 50 day moving average price is $164.01 and its two-hundred day moving average price is $167.25. The company has a market cap of $384.53 billion, a PE ratio of 26.12, a price-to-earnings-growth ratio of 3.76 and a beta of 0.43. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a twelve month low of $156.58 and a twelve month high of $180.43.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.01. The firm had revenue of $19.78 billion for the quarter, compared to the consensus estimate of $20.42 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The business’s revenue was down 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.52 earnings per share. On average, analysts predict that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, April 21st were given a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date was Monday, April 21st. This is an increase from Procter & Gamble’s previous quarterly dividend of $1.01. Procter & Gamble’s payout ratio is 66.98%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Truist Financial cut their price target on Procter & Gamble from $185.00 to $180.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Evercore ISI restated an “outperform” rating and issued a $190.00 price target (up from $170.00) on shares of Procter & Gamble in a report on Tuesday, June 3rd. Royal Bank of Canada upgraded Procter & Gamble from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $164.00 to $177.00 in a report on Friday, April 25th. Erste Group Bank lowered Procter & Gamble from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 30th. Finally, UBS Group restated a “buy” rating on shares of Procter & Gamble in a report on Monday, February 10th. Eight research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $178.86.

About Procter & Gamble

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.