WCM Investment Management LLC Acquires 15,351 Shares of The Procter & Gamble Company (NYSE:PG)

WCM Investment Management LLC grew its holdings in The Procter & Gamble Company (NYSE:PG) by 148.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 25,669 shares of the company’s stock after purchasing an additional 15,351 shares during the period. WCM Investment Management LLC’s holdings in Procter & Gamble were worth $4,289,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. RPg Family Wealth Advisory LLC acquired a new stake in shares of Procter & Gamble in the 3rd quarter valued at approximately $33,000. Bay Harbor Wealth Management LLC boosted its position in Procter & Gamble by 972.0% in the fourth quarter. Bay Harbor Wealth Management LLC now owns 268 shares of the company’s stock valued at $45,000 after buying an additional 243 shares in the last quarter. New Wave Wealth Advisors LLC bought a new stake in shares of Procter & Gamble during the fourth quarter worth $46,000. Costello Asset Management INC increased its holdings in shares of Procter & Gamble by 2,142.9% during the third quarter. Costello Asset Management INC now owns 314 shares of the company’s stock worth $54,000 after buying an additional 300 shares in the last quarter. Finally, Mendota Financial Group LLC lifted its stake in shares of Procter & Gamble by 58.0% in the 4th quarter. Mendota Financial Group LLC now owns 376 shares of the company’s stock valued at $63,000 after acquiring an additional 138 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Stock Performance

Shares of PG stock opened at $167.99 on Monday. 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 52 week low of $153.52 and a 52 week high of $180.43. The firm has a 50 day moving average of $167.30 and a 200-day moving average of $169.42. The company has a market cap of $393.91 billion, a price-to-earnings ratio of 26.75, a price-to-earnings-growth ratio of 3.79 and a beta of 0.45.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.02. The firm had revenue of $21.88 billion during the quarter, compared to the consensus estimate of $21.66 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The business’s revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.84 earnings per share. On average, equities analysts forecast that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th will be issued a dividend of $1.0065 per share. The ex-dividend date is Friday, January 24th. This represents a $4.03 annualized dividend and a dividend yield of 2.40%. Procter & Gamble’s dividend payout ratio is 64.01%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on PG shares. Stifel Nicolaus upped their target price on Procter & Gamble from $161.00 to $165.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Barclays raised their price objective on shares of Procter & Gamble from $155.00 to $159.00 and gave the company an “equal weight” rating in a report on Thursday, January 23rd. UBS Group reduced their target price on shares of Procter & Gamble from $196.00 to $189.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Evercore ISI raised their price target on shares of Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. Eight analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Procter & Gamble presently has an average rating of “Moderate Buy” and an average price target of $180.53.

Insider Buying and Selling

In other news, CEO Gary A. Coombe sold 47,847 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total value of $8,604,804.48. Following the transaction, the chief executive officer now owns 39,977 shares in the company, valued at $7,189,463.68. This trade represents a 54.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Marc S. Pritchard sold 90,450 shares of the company’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total value of $14,819,328.00. Following the sale, the insider now owns 172,814 shares of the company’s stock, valued at $28,313,845.76. This trade represents a 34.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 151,097 shares of company stock worth $25,635,076 in the last ninety days. Corporate insiders own 0.18% of the company’s stock.

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.