TD Asset Management Inc Sells 557,367 Shares of Procter & Gamble Company (The) $PG

TD Asset Management Inc reduced its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 27.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,489,346 shares of the company’s stock after selling 557,367 shares during the quarter. TD Asset Management Inc owned 0.06% of Procter & Gamble worth $228,838,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in PG. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Procter & Gamble in the third quarter worth approximately $25,000. Corundum Trust Company INC bought a new stake in Procter & Gamble during the third quarter worth $32,000. Marquette Asset Management LLC purchased a new stake in Procter & Gamble in the 3rd quarter valued at $37,000. Redmont Wealth Advisors LLC bought a new position in Procter & Gamble during the 3rd quarter valued at $40,000. Finally, Manning & Napier Advisors LLC purchased a new position in Procter & Gamble during the 3rd quarter worth $44,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Jefferies Financial Group upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and increased their target price for the company from $156.00 to $179.00 in a report on Tuesday, December 16th. UBS Group upped their target price on Procter & Gamble from $161.00 to $170.00 and gave the company a “buy” rating in a report on Friday, January 23rd. Wells Fargo & Company reissued an “overweight” rating and issued a $177.00 price objective on shares of Procter & Gamble in a research report on Tuesday, February 17th. TD Cowen lowered Procter & Gamble from a “buy” rating to a “hold” rating and raised their target price for the company from $150.00 to $156.00 in a research report on Tuesday, January 27th. Finally, Rothschild & Co Redburn boosted their price target on shares of Procter & Gamble from $155.00 to $157.00 and gave the stock a “neutral” rating in a report on Friday, January 23rd. Fourteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $168.33.

Procter & Gamble Stock Performance

Shares of PG stock opened at $165.42 on Wednesday. Procter & Gamble Company has a 12 month low of $137.62 and a 12 month high of $179.99. The stock has a market capitalization of $384.44 billion, a P/E ratio of 24.51, a PEG ratio of 5.52 and a beta of 0.38. The company has a current ratio of 0.72, a quick ratio of 0.51 and a debt-to-equity ratio of 0.49. The firm’s 50 day moving average is $149.82 and its 200 day moving average is $150.85.

Procter & Gamble (NYSE:PG) last posted its earnings results on Thursday, January 22nd. The company reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.02. The business had revenue of $22.21 billion during the quarter, compared to analyst estimates of $22.36 billion. Procter & Gamble had a return on equity of 32.21% and a net margin of 19.30%.The company’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.88 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. On average, sell-side analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Friday, January 23rd were given a dividend of $1.0568 per share. The ex-dividend date was Friday, January 23rd. This represents a $4.23 annualized dividend and a dividend yield of 2.6%. Procter & Gamble’s dividend payout ratio is 62.67%.

Insider Activity

In other news, insider Balaji Purushothaman sold 12,827 shares of the business’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $160.31, for a total transaction of $2,056,296.37. Following the transaction, the insider directly owned 12,639 shares of the company’s stock, valued at approximately $2,026,158.09. The trade was a 50.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Marc S. Pritchard sold 95,903 shares of the company’s stock in a transaction that occurred on Friday, January 23rd. The shares were sold at an average price of $151.15, for a total value of $14,495,738.45. Following the transaction, the insider owned 182,607 shares of the company’s stock, valued at approximately $27,601,048.05. This represents a 34.43% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 343,069 shares of company stock worth $54,545,448. 0.20% of the stock is currently owned by insiders.

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.