TD Waterhouse Canada Inc. Has $82.88 Million Stock Position in The Procter & Gamble Company (NYSE:PG)

TD Waterhouse Canada Inc. lifted its position in The Procter & Gamble Company (NYSE:PG) by 6.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 494,279 shares of the company’s stock after acquiring an additional 31,319 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Procter & Gamble were worth $82,876,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Howard Capital Management Group LLC increased its stake in Procter & Gamble by 1.0% in the 3rd quarter. Howard Capital Management Group LLC now owns 8,327 shares of the company’s stock valued at $1,442,000 after buying an additional 82 shares during the period. Principal Financial Group Inc. increased its stake in shares of Procter & Gamble by 14.7% in the third quarter. Principal Financial Group Inc. now owns 4,734,588 shares of the company’s stock worth $820,031,000 after acquiring an additional 608,168 shares during the last quarter. Garden State Investment Advisory Services LLC acquired a new stake in Procter & Gamble during the third quarter valued at $201,000. Invst LLC increased its position in Procter & Gamble by 0.7% in the 3rd quarter. Invst LLC now owns 15,889 shares of the company’s stock worth $2,752,000 after purchasing an additional 103 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of Procter & Gamble during the 3rd quarter valued at about $1,632,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insider Buying and Selling

In related news, insider Marc S. Pritchard sold 90,450 shares of the stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the completion of the sale, the insider now owns 172,814 shares in the company, valued at $28,313,845.76. This trade represents a 34.36 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Gary A. Coombe sold 35,000 shares of the business’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $173.68, for a total transaction of $6,078,800.00. Following the completion of the transaction, the chief executive officer now owns 22,051 shares in the company, valued at approximately $3,829,817.68. This trade represents a 61.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 143,450 shares of company stock valued at $23,988,008 over the last quarter. Corporate insiders own 0.18% of the company’s stock.

Procter & Gamble Price Performance

Shares of PG stock opened at $170.59 on Monday. The Procter & Gamble Company has a 12 month low of $156.69 and a 12 month high of $180.43. The company has a market capitalization of $400.01 billion, a P/E ratio of 27.16, a P/E/G ratio of 3.76 and a beta of 0.43. The stock has a 50 day moving average of $168.39 and a two-hundred day moving average of $168.47. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PG) last issued its earnings results on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, topping the consensus estimate of $1.86 by $0.02. The firm had revenue of $21.88 billion during the quarter, compared to analysts’ expectations of $21.66 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. Procter & Gamble’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the business earned $1.84 earnings per share. As a group, equities analysts expect that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, April 21st will be paid a $1.0568 dividend. The ex-dividend date is Monday, April 21st. This represents a $4.23 dividend on an annualized basis and a yield of 2.48%. This is a boost from Procter & Gamble’s previous quarterly dividend of $1.01. Procter & Gamble’s payout ratio is presently 67.20%.

Wall Street Analysts Forecast Growth

Several research firms have commented on PG. Piper Sandler decreased their target price on shares of Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating for the company in a research report on Monday, February 24th. UBS Group reissued a “buy” rating on shares of Procter & Gamble in a research report on Monday, February 10th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $164.00 price target on shares of Procter & Gamble in a research report on Thursday, January 23rd. Barclays reissued an “equal weight” rating on shares of Procter & Gamble in a report on Thursday, March 27th. Finally, Stifel Nicolaus boosted their target price on Procter & Gamble from $161.00 to $165.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $181.50.

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.