Simplicity Wealth Invests in Procter & Gamble with $9.4M Stake

Simplicity Wealth LLC made a new investment in Procter & Gamble Company (The) NYSE:PG. In its latest filing with the Securities and Exchange Commission, Simplicity Wealth revealed that it purchased 64,292 shares of Procter & Gamble stock worth approximately $9,428,000.

This is not the only recent investment in Procter & Gamble by a hedge fund. E Fund Management Hong Kong Co. Ltd. increased its position in the company by 1,000% during the fourth quarter and now owns 165 shares valued at $25,000. Other notable investors include Litman Gregory Wealth Management LLC, Park Square Financial Group LLC, Evolution Wealth Management Inc., and Basso Capital Management L.P.

Procter & Gamble has a market capitalization of $336.51 billion, a price-to-earnings ratio of 21.87, and a beta of 0.39. The company has a net margin of 18.44% and a return on equity of 31.36%. In its most recent earnings report, Procter & Gamble posted a revenue of $21.20 billion for the quarter, beating analyst estimates by $0.02.