Exencial Wealth Advisors LLC Raises Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Exencial Wealth Advisors LLC boosted its holdings in The Procter & Gamble Company (NYSE:PG) by 1.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,023 shares of the company’s stock after buying an additional 236 shares during the quarter. Exencial Wealth Advisors LLC’s holdings in Procter & Gamble were worth $2,686,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in PG. Swedbank AB grew its stake in shares of Procter & Gamble by 3.9% during the 3rd quarter. Swedbank AB now owns 1,503,647 shares of the company’s stock valued at $260,432,000 after purchasing an additional 56,583 shares during the period. Howard Capital Management Group LLC grew its stake in shares of Procter & Gamble by 1.0% during the 3rd quarter. Howard Capital Management Group LLC now owns 8,327 shares of the company’s stock valued at $1,442,000 after purchasing an additional 82 shares during the period. FSM Wealth Advisors LLC grew its stake in shares of Procter & Gamble by 7.4% during the 3rd quarter. FSM Wealth Advisors LLC now owns 4,876 shares of the company’s stock valued at $845,000 after purchasing an additional 337 shares during the period. Greenwood Capital Associates LLC grew its stake in shares of Procter & Gamble by 759.5% during the 3rd quarter. Greenwood Capital Associates LLC now owns 23,714 shares of the company’s stock valued at $4,107,000 after purchasing an additional 20,955 shares during the period. Finally, United Advisor Group LLC grew its stake in shares of Procter & Gamble by 60.2% during the 3rd quarter. United Advisor Group LLC now owns 21,057 shares of the company’s stock valued at $3,647,000 after purchasing an additional 7,912 shares during the period. 65.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Royal Bank of Canada reiterated a “sector perform” rating and set a $164.00 price objective on shares of Procter & Gamble in a research note on Thursday, January 23rd. Wells Fargo & Company boosted their price objective on Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Piper Sandler cut their price objective on Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating for the company in a research note on Monday, February 24th. Stifel Nicolaus boosted their price objective on Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. Finally, Barclays boosted their price objective on Procter & Gamble from $155.00 to $159.00 and gave the company an “equal weight” rating in a research note on Thursday, January 23rd. Seven 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 company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $181.11.

Insider Activity

In related news, insider Marc S. Pritchard sold 90,450 shares of the firm’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 completion of the sale, the insider now directly owns 172,814 shares in the company, valued at $28,313,845.76. This trade represents a 34.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gary A. Coombe sold 35,000 shares of the firm’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $173.68, for a total value of $6,078,800.00. Following the completion of the sale, the chief executive officer now owns 22,051 shares of the company’s stock, valued at approximately $3,829,817.68. This represents a 61.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 143,450 shares of company stock worth $23,988,008. 0.18% of the stock is currently owned by insiders.

Procter & Gamble Stock Down 1.5 %

NYSE PG opened at $173.02 on Wednesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76. The company has a market capitalization of $405.72 billion, a P/E ratio of 27.55, a P/E/G ratio of 3.76 and a beta of 0.45. The Procter & Gamble Company has a one year low of $153.52 and a one year high of $180.43. The stock has a 50 day moving average price of $166.52 and a 200-day moving average price of $169.65.

Procter & Gamble (NYSE:PG) last posted its earnings results on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 33.00% and a net margin of 18.35%. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.84 EPS. As a group, equities analysts predict that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th were given a dividend of $1.0065 per share. The ex-dividend date of this dividend was Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.33%. Procter & Gamble’s dividend payout ratio is currently 64.01%.

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.