TD Asset Management Inc Sells 794,213 Shares of Procter & Gamble Company (The) $PG

TD Asset Management Inc lessened its holdings in Procter & Gamble Company (The) (NYSE:PG) by 28.0% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,046,713 shares of the company’s stock after selling 794,213 shares during the quarter. TD Asset Management Inc’s holdings in Procter & Gamble were worth $326,082,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of PG. Brighton Jones LLC grew its position in shares of Procter & Gamble by 51.5% during the 4th quarter. Brighton Jones LLC now owns 40,068 shares of the company’s stock worth $6,717,000 after buying an additional 13,617 shares in the last quarter. Taylor Financial Group Inc. grew its position in shares of Procter & Gamble by 10.6% during the 1st quarter. Taylor Financial Group Inc. now owns 2,891 shares of the company’s stock worth $493,000 after buying an additional 277 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Procter & Gamble by 22.4% during the 1st quarter. GAMMA Investing LLC now owns 46,658 shares of the company’s stock worth $7,951,000 after buying an additional 8,537 shares in the last quarter. Grimes & Company Inc. grew its position in shares of Procter & Gamble by 0.4% during the 1st quarter. Grimes & Company Inc. now owns 33,285 shares of the company’s stock worth $5,672,000 after buying an additional 134 shares in the last quarter. Finally, Grove Bank & Trust grew its position in shares of Procter & Gamble by 10.8% during the 1st quarter. Grove Bank & Trust now owns 16,876 shares of the company’s stock worth $2,876,000 after buying an additional 1,648 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

Insider Buying and Selling

In other news, CEO Gary A. Coombe sold 3,535 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $152.23, for a total value of $538,133.05. Following the completion of the transaction, the chief executive officer directly owned 34,816 shares in the company, valued at $5,300,039.68. This trade represents a 9.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jennifer L. Davis sold 3,227 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $152.23, for a total value of $491,246.21. Following the completion of the transaction, the chief executive officer owned 61,764 shares of the company’s stock, valued at approximately $9,402,333.72. The trade was a 4.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 149,763 shares of company stock valued at $23,421,279 in the last 90 days. 0.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

PG has been the topic of a number of recent research reports. Evercore ISI reissued an “in-line” rating and set a $170.00 price target (down previously from $190.00) on shares of Procter & Gamble in a research report on Monday, July 14th. JPMorgan Chase & Co. dropped their price target on Procter & Gamble from $170.00 to $163.00 and set a “neutral” rating on the stock in a research report on Friday, October 10th. BNP Paribas Exane decreased their price objective on Procter & Gamble from $177.00 to $172.00 and set an “outperform” rating for the company in a research note on Tuesday, September 23rd. Wells Fargo & Company decreased their price objective on Procter & Gamble from $173.00 to $170.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. Finally, UBS Group decreased their price objective on Procter & Gamble from $180.00 to $176.00 and set a “buy” rating for the company in a research note on Wednesday, October 8th. Eleven equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $172.21.

Procter & Gamble Trading Up 1.1%

Procter & Gamble stock opened at $149.18 on Wednesday. The stock has a 50-day moving average of $155.15 and a two-hundred day moving average of $159.20. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.49 and a current ratio of 0.70. Procter & Gamble Company has a one year low of $146.96 and a one year high of $180.43. The stock has a market cap of $349.15 billion, a PE ratio of 22.92, a price-to-earnings-growth ratio of 3.91 and a beta of 0.36.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.06. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%.The company had revenue of $20.89 billion during the quarter, compared to analysts’ expectations of $20.79 billion. During the same period last year, the business posted $1.40 earnings per share. The firm’s revenue was up 1.7% compared to the same quarter last year. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. On average, research analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Friday, October 24th will be paid a $1.0568 dividend. The ex-dividend date is Friday, October 24th. This represents a $4.23 dividend on an annualized basis and a yield of 2.8%. Procter & Gamble’s dividend payout ratio (DPR) is 64.82%.

About Procter & Gamble

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.