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

TD Asset Management Inc cut its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 27.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,489,346 shares of the company’s stock after selling 557,367 shares during the quarter. TD Asset Management Inc’s holdings in Procter & Gamble were worth $228,838,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Halbert Hargrove Global Advisors LLC bought a new position in shares of Procter & Gamble during the third quarter valued at approximately $25,000. Corundum Trust Company INC bought a new stake in shares of Procter & Gamble in the 3rd quarter worth approximately $32,000. Marquette Asset Management LLC purchased a new stake in shares of Procter & Gamble in the 3rd quarter worth approximately $37,000. Redmont Wealth Advisors LLC bought a new position in Procter & Gamble during the 3rd quarter valued at approximately $40,000. Finally, Manning & Napier Advisors LLC bought a new position in Procter & Gamble during the 3rd quarter valued at approximately $44,000. 65.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Procter & Gamble

In related news, insider Balaji Purushothaman sold 12,827 shares of the stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $160.31, for a total value of $2,056,296.37. Following the completion of the sale, the insider directly owned 12,639 shares of the company’s stock, valued at approximately $2,026,158.09. This represents a 50.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Marc S. Pritchard sold 95,903 shares of Procter & Gamble stock in a transaction that occurred on Friday, January 23rd. The shares were sold at an average price of $151.15, for a total transaction of $14,495,738.45. Following the transaction, the insider directly owned 182,607 shares in the company, valued at $27,601,048.05. This represents a 34.43% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 343,069 shares of company stock valued at $54,545,448 in the last ninety days. Corporate insiders own 0.20% of the company’s stock.

Procter & Gamble Trading Up 0.2%

Procter & Gamble stock opened at $165.42 on Wednesday. Procter & Gamble Company has a 52-week low of $137.62 and a 52-week high of $179.99. The company has a market cap of $384.44 billion, a P/E ratio of 24.51, a P/E/G ratio of 5.52 and a beta of 0.38. The company has a quick ratio of 0.51, a current ratio of 0.72 and a debt-to-equity ratio of 0.49. The business has a 50-day simple moving average of $149.82 and a two-hundred day simple moving average of $150.85.

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

Procter & Gamble Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Friday, January 23rd were issued a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Friday, January 23rd. Procter & Gamble’s dividend payout ratio (DPR) is currently 62.67%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Wells Fargo & Company reissued an “overweight” rating and issued a $177.00 target price on shares of Procter & Gamble in a research note on Tuesday, February 17th. Jefferies Financial Group raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and increased their price objective for the company from $156.00 to $179.00 in a research report on Tuesday, December 16th. Piper Sandler initiated coverage on shares of Procter & Gamble in a research note on Wednesday, January 7th. They set a “neutral” rating and a $150.00 price objective for the company. BNP Paribas Exane dropped their target price on shares of Procter & Gamble from $172.00 to $164.00 and set an “outperform” rating on the stock in a research note on Friday, January 16th. Finally, TD Cowen cut shares of Procter & Gamble from a “buy” rating to a “hold” rating and increased their price target for the company from $150.00 to $156.00 in a report on Tuesday, January 27th. Fourteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus target price of $168.33.

Procter & Gamble Company 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.