TD Asset Management Inc. Sells 32,534 Shares of The Procter & Gamble Company (NYSE:PG)

TD Asset Management Inc. trimmed its position in The Procter & Gamble Company (NYSE:PGGet Rating) by 1.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,100,504 shares of the company’s stock after selling 32,534 shares during the quarter. TD Asset Management Inc. owned approximately 0.09% of Procter & Gamble worth $320,957,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. BlackRock Inc. raised its holdings in Procter & Gamble by 1.2% in the 4th quarter. BlackRock Inc. now owns 156,813,285 shares of the company’s stock valued at $25,651,517,000 after acquiring an additional 1,785,863 shares during the period. State Street Corp raised its holdings in Procter & Gamble by 1.7% in the 4th quarter. State Street Corp now owns 105,458,164 shares of the company’s stock valued at $17,250,846,000 after acquiring an additional 1,716,517 shares during the period. Geode Capital Management LLC grew its position in shares of Procter & Gamble by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 43,444,122 shares of the company’s stock worth $7,090,497,000 after purchasing an additional 972,826 shares in the last quarter. Norges Bank acquired a new position in shares of Procter & Gamble during the 4th quarter worth approximately $3,726,603,000. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Procter & Gamble by 1.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 15,710,055 shares of the company’s stock worth $2,569,850,000 after purchasing an additional 293,092 shares in the last quarter. 63.64% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on PG shares. Credit Suisse Group increased their target price on shares of Procter & Gamble from $140.00 to $150.00 and gave the stock a “neutral” rating in a research report on Thursday, April 21st. Evercore ISI set a $170.00 target price on shares of Procter & Gamble in a research report on Monday, June 20th. UBS Group reduced their price target on shares of Procter & Gamble to $153.00 in a research report on Friday, July 22nd. Truist Financial reduced their price target on shares of Procter & Gamble from $175.00 to $160.00 and set a “buy” rating on the stock in a research report on Monday, August 1st. Finally, Wells Fargo & Company reduced their price target on shares of Procter & Gamble from $170.00 to $160.00 in a research report on Friday, July 22nd. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $162.93.

Insider Buying and Selling

In related news, CEO Ma. Fatima Francisco sold 2,000 shares of Procter & Gamble stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $145.00, for a total transaction of $290,000.00. Following the completion of the transaction, the chief executive officer now owns 5,026 shares of the company’s stock, valued at $728,770. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Procter & Gamble news, insider Mary Theresa Grabowski sold 16,000 shares of Procter & Gamble stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $147.00, for a total value of $2,352,000.00. Following the completion of the sale, the insider now directly owns 4,326 shares of the company’s stock, valued at $635,922. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Ma. Fatima Francisco sold 2,000 shares of Procter & Gamble stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $145.00, for a total transaction of $290,000.00. Following the completion of the sale, the chief executive officer now directly owns 5,026 shares of the company’s stock, valued at $728,770. The disclosure for this sale can be found here. Insiders sold 216,907 shares of company stock valued at $31,820,393 over the last quarter. Insiders own 0.51% of the company’s stock.

Procter & Gamble Trading Down 0.4 %

Shares of PG stock traded down $0.67 during trading hours on Wednesday, hitting $149.26. 74,402 shares of the company’s stock traded hands, compared to its average volume of 6,891,951. The stock’s 50 day simple moving average is $142.88 and its 200 day simple moving average is $150.31. The stock has a market cap of $356.66 billion, a PE ratio of 25.81, a price-to-earnings-growth ratio of 4.10 and a beta of 0.35. The Procter & Gamble Company has a 12 month low of $129.50 and a 12 month high of $165.35. The company has a quick ratio of 0.45, a current ratio of 0.65 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PGGet Rating) last released its quarterly earnings results on Friday, July 29th. The company reported $1.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($0.02). The business had revenue of $19.52 billion for the quarter, compared to the consensus estimate of $19.41 billion. Procter & Gamble had a net margin of 18.39% and a return on equity of 32.67%. Procter & Gamble’s revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.13 EPS. On average, sell-side analysts anticipate that The Procter & Gamble Company will post 5.94 EPS for the current year.

Procter & Gamble Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 15th. Investors of record on Friday, July 22nd were paid a dividend of $0.913 per share. This represents a $3.65 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date of this dividend was Thursday, July 21st. Procter & Gamble’s dividend payout ratio is presently 62.82%.

About Procter & Gamble

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The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It operates in five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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