TD Asset Management Inc Reduces Position in Procter & Gamble Company (The) $PG

TD Asset Management Inc cut its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 9.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,342,678 shares of the company’s stock after selling 146,668 shares during the quarter. TD Asset Management Inc’s holdings in Procter & Gamble were worth $192,419,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. E Fund Management Hong Kong Co. Ltd. grew its holdings in shares of Procter & Gamble by 1,000.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 165 shares of the company’s stock valued at $25,000 after buying an additional 150 shares during the last quarter. Park Square Financial Group LLC grew its holdings in shares of Procter & Gamble by 65.1% during the fourth quarter. Park Square Financial Group LLC now owns 180 shares of the company’s stock valued at $26,000 after buying an additional 71 shares during the last quarter. Evolution Wealth Management Inc. grew its holdings in shares of Procter & Gamble by 1,315.4% during the fourth quarter. Evolution Wealth Management Inc. now owns 184 shares of the company’s stock valued at $26,000 after buying an additional 171 shares during the last quarter. Maseco LLP purchased a new stake in shares of Procter & Gamble during the fourth quarter valued at $28,000. Finally, Saranac Partners Ltd purchased a new stake in shares of Procter & Gamble during the third quarter valued at $30,000. 65.77% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble News Roundup

Here are the key news stories impacting Procter & Gamble this week:

• Positive Sentiment: Procter & Gamble will webcast its presentation from the Evercore Consumer and Retail Conference on June 10, which could give investors fresh updates on demand trends, pricing, margins, and guidance expectations. P&G to Webcast Presentation From the Evercore Consumer and Retail Conference, June 10
• Positive Sentiment: PG highlighted its presentation at the 23rd Annual dbAccess Global Consumer Conference, reinforcing management’s active engagement with investors and analysts. The Procter and Gamble Company (PG) Presents at 23rd annual dbAccess Global Consumer Conference – Slideshow
• Positive Sentiment: Walmart announced a $10.8 million disaster-relief grant to Matthew 25: Ministries in collaboration with Procter & Gamble, a reputationally positive note that underscores PG’s role in large-scale consumer and community partnerships. Walmart Grants $10.8M to Matthew 25: Ministries for Disaster Fleet Expansion in Collaboration with Procter & Gamble

Procter & Gamble Price Performance

NYSE:PG opened at $140.80 on Friday. The firm’s fifty day moving average is $144.13 and its two-hundred day moving average is $147.69. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.53 and a current ratio of 0.73. Procter & Gamble Company has a one year low of $137.62 and a one year high of $167.25. The firm has a market cap of $327.87 billion, a price-to-earnings ratio of 20.58, a PEG ratio of 6.01 and a beta of 0.39.

Procter & Gamble (NYSE:PG) last posted its earnings results on Friday, April 24th. The company reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.03. Procter & Gamble had a net margin of 19.16% and a return on equity of 32.00%. The business had revenue of $21.24 billion for the quarter, compared to analyst estimates of $21.52 billion. During the same period in the prior year, the company posted $1.54 EPS. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Research analysts expect that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, April 24th were paid a dividend of $1.0885 per share. This represents a $4.35 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Friday, April 24th. This is an increase from Procter & Gamble’s previous quarterly dividend of $1.06. Procter & Gamble’s dividend payout ratio is currently 63.60%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Jefferies Financial Group lowered their price target on shares of Procter & Gamble from $179.00 to $175.00 and set a “buy” rating on the stock in a report on Monday, April 20th. Morgan Stanley lowered their price target on shares of Procter & Gamble from $175.00 to $166.00 and set an “overweight” rating on the stock in a report on Wednesday, April 22nd. Rothschild & Co Redburn lowered their price target on shares of Procter & Gamble from $157.00 to $155.00 and set a “neutral” rating on the stock in a report on Monday, April 27th. Barclays lowered their price target on shares of Procter & Gamble from $155.00 to $146.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 14th. Finally, The Goldman Sachs Group lowered their price target on shares of Procter & Gamble from $159.00 to $155.00 and set a “neutral” rating on the stock in a report on Wednesday, April 8th. Eleven research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, Procter & Gamble has an average rating of “Moderate Buy” and an average price target of $161.06.

Procter & Gamble Profile

Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.