TD Asset Management Inc. Trims Position in The Procter & Gamble Company (NYSE:PG)

TD Asset Management Inc. lowered its holdings in The Procter & Gamble Company (NYSE:PG) by 5.8% in the 4th quarter, HoldingsChannel reports. The firm owned 3,136,374 shares of the company’s stock after selling 194,692 shares during the quarter. TD Asset Management Inc.’s holdings in Procter & Gamble were worth $525,813,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Prospect Financial Group LLC purchased a new stake in shares of Procter & Gamble during the fourth quarter valued at about $271,000. Modern Wealth Management LLC lifted its position in Procter & Gamble by 26.4% during the fourth quarter. Modern Wealth Management LLC now owns 55,260 shares of the company’s stock valued at $9,258,000 after acquiring an additional 11,540 shares during the last quarter. CoreFirst Bank & Trust acquired a new stake in Procter & Gamble in the fourth quarter valued at approximately $2,278,000. Sequent Planning LLC grew its holdings in Procter & Gamble by 18.9% in the fourth quarter. Sequent Planning LLC now owns 3,774 shares of the company’s stock worth $633,000 after purchasing an additional 600 shares during the last quarter. Finally, Jackson Thornton Wealth Management LLC increased its position in shares of Procter & Gamble by 52.0% during the fourth quarter. Jackson Thornton Wealth Management LLC now owns 1,835 shares of the company’s stock worth $308,000 after purchasing an additional 628 shares in the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Stock Down 0.6 %

Shares of PG opened at $165.73 on Tuesday. The stock’s 50-day moving average price is $168.11 and its 200-day moving average price is $169.58. 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 company has a market capitalization of $388.61 billion, a price-to-earnings ratio of 26.39, a PEG ratio of 3.76 and a beta of 0.41. The Procter & Gamble Company has a 52 week low of $153.52 and a 52 week high of $180.43.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, topping the consensus estimate of $1.86 by $0.02. The business had revenue of $21.88 billion for the quarter, compared to analyst estimates of $21.66 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.84 EPS. On average, sell-side analysts predict that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th were issued a $1.0065 dividend. The ex-dividend date of this dividend was Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a yield of 2.43%. Procter & Gamble’s payout ratio is 64.01%.

Wall Street Analysts Forecast Growth

PG has been the topic of several research analyst reports. UBS Group restated a “buy” rating on shares of Procter & Gamble in a research note on Monday, February 10th. Wells Fargo & Company boosted their price target on Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Stifel Nicolaus increased their price objective on shares of Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Piper Sandler dropped their target price on shares of Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating on the stock in a research report on Monday, February 24th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $209.00 price target on shares of Procter & Gamble in a report on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating, twelve have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $181.47.

Insiders Place Their Bets

In other news, insider Marc S. Pritchard sold 90,450 shares of the business’s stock in a transaction that occurred 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. The trade was a 34.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Gary A. Coombe sold 18,000 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $171.66, for a total value of $3,089,880.00. Following the transaction, the chief executive officer now owns 22,051 shares in the company, valued at $3,785,274.66. This trade represents a 44.94 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 143,450 shares of company stock worth $23,988,008. Company insiders own 0.18% of the company’s stock.

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.