Procter & Gamble Company (The) (NYSE:PG) Shares Acquired by Exencial Wealth Advisors LLC

Key Points

• Exencial Wealth Advisors LLC increased its stake in Procter & Gamble by 27.6%, holding 20,452 shares valued at approximately $3.48 million.
• Several hedge funds adjusted their investments in Procter & Gamble, with Goldman Sachs Group Inc. raising its holdings by 3.5% and acquiring over 583,000 shares.
• Procter & Gamble announced a quarterly dividend of $1.0568 per share, representing an annual yield of 2.8% for shareholders of record on July 18th.

Exencial Wealth Advisors LLC lifted its position in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 27.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,452 shares of the company's stock after purchasing an additional 4,429 shares during the period. Exencial Wealth Advisors LLC's holdings in Procter & Gamble were worth $3,485,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of PG. Navigoe LLC bought a new position in Procter & Gamble in the fourth quarter worth approximately $31,000. Capital A Wealth Management LLC purchased a new position in shares of Procter & Gamble in the 4th quarter valued at $31,000. 10Elms LLP bought a new position in shares of Procter & Gamble in the 4th quarter worth $34,000. Mizuho Securities Co. Ltd. lifted its stake in shares of Procter & Gamble by 566.7% during the 1st quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company's stock worth $34,000 after purchasing an additional 170 shares during the last quarter. Finally, Sunbeam Capital Management LLC bought a new stake in Procter & Gamble during the fourth quarter valued at about $34,000. Institutional investors own 65.77% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on PG. Piper Sandler boosted their target price on shares of Procter & Gamble from $160.00 to $164.00 and gave the stock a "neutral" rating in a report on Monday, May 5th. UBS Group set a $180.00 price objective on shares of Procter & Gamble and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Raymond James Financial lowered their target price on shares of Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Wells Fargo & Company cut their price target on shares of Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating on the stock in a report on Wednesday, July 30th. Finally, Barclays set a $164.00 price objective on Procter & Gamble and gave the company an "equal weight" rating in a report on Thursday, July 31st. Seven research analysts have rated the stock with a hold rating, ten have assigned 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 target price of $175.88.

Procter & Gamble Stock Performance

NYSE PG traded up $0.06 on Friday, hitting $153.55. 5,810,954 shares of the company's stock traded hands, compared to its average volume of 8,068,523. The firm has a market capitalization of $359.67 billion, a PE ratio of 23.59, a P/E/G ratio of 4.05 and a beta of 0.37. The firm's 50-day moving average price is $158.26 and its two-hundred day moving average price is $163.68. Procter & Gamble Company has a 1-year low of $149.91 and a 1-year high of $180.43. The company has a current ratio of 0.70, a quick ratio of 0.49 and a debt-to-equity ratio of 0.49.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.06. The company had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.79 billion. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%. The firm's revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period last year, the firm earned $1.40 EPS. As a group, analysts expect that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, July 18th will be given a $1.0568 dividend. This represents a $4.23 annualized dividend and a yield of 2.8%. The ex-dividend date is Friday, July 18th. Procter & Gamble's dividend payout ratio is currently 64.98%.

Procter & Gamble 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.