Toronto Dominion Bank Lowers Position in The Procter & Gamble Company (NYSE:PG)

Toronto Dominion Bank lessened its holdings in The Procter & Gamble Company (NYSE:PG) by 6.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,417,142 shares of the company’s stock after selling 92,133 shares during the quarter. Toronto Dominion Bank owned about 0.06% of Procter & Gamble worth $245,449,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Chiron Investment Management LLC bought a new stake in shares of Procter & Gamble in the 3rd quarter worth $4,276,000. Coldstream Capital Management Inc. raised its position in Procter & Gamble by 4.1% in the 3rd quarter. Coldstream Capital Management Inc. now owns 84,777 shares of the company’s stock worth $14,665,000 after buying an additional 3,324 shares during the last quarter. JDM Financial Group LLC lifted its stake in Procter & Gamble by 29.5% during the 3rd quarter. JDM Financial Group LLC now owns 456 shares of the company’s stock valued at $79,000 after acquiring an additional 104 shares during the period. Geode Capital Management LLC grew its stake in shares of Procter & Gamble by 7.0% in the third quarter. Geode Capital Management LLC now owns 55,204,776 shares of the company’s stock worth $9,538,327,000 after acquiring an additional 3,619,466 shares during the period. Finally, Insight Inv LLC raised its holdings in shares of Procter & Gamble by 3.9% during the third quarter. Insight Inv LLC now owns 9,750 shares of the company’s stock valued at $1,689,000 after purchasing an additional 369 shares during the last quarter. 65.77% of the stock is owned by institutional investors.

Procter & Gamble Trading Up 0.9 %

PG stock opened at $172.38 on Wednesday. The company has a current ratio of 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The business’s 50-day moving average is $170.71 and its 200 day moving average is $169.44. The stock has a market cap of $405.96 billion, a price-to-earnings ratio of 29.72, a PEG ratio of 3.68 and a beta of 0.44. The Procter & Gamble Company has a 12-month low of $142.50 and a 12-month high of $180.43.

Procter & Gamble (NYSE:PG) last announced its earnings results on Friday, October 18th. The company reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.03. The company had revenue of $21.74 billion for the quarter, compared to analysts’ expectations of $21.99 billion. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The firm’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.83 EPS. On average, sell-side analysts anticipate that The Procter & Gamble Company will post 6.97 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 18th were issued a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a dividend yield of 2.34%. The ex-dividend date of this dividend was Friday, October 18th. Procter & Gamble’s dividend payout ratio is currently 69.48%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Morgan Stanley increased their price target on Procter & Gamble from $174.00 to $191.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Wells Fargo & Company boosted their price objective on Procter & Gamble from $188.00 to $190.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. JPMorgan Chase & Co. lifted their price target on shares of Procter & Gamble from $179.00 to $186.00 and gave the company an “overweight” rating in a report on Thursday, September 19th. Barclays lowered Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 price target for the company. in a research note on Monday, September 30th. Finally, DA Davidson upgraded shares of Procter & Gamble from a “neutral” rating to a “buy” rating and lifted their price target for the company from $160.00 to $209.00 in a report on Monday, November 25th. Eight equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong 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 $180.45.

Insider Transactions at Procter & Gamble

In other news, insider Balaji Purushothaman sold 12,800 shares of the stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $168.99, for a total value of $2,163,072.00. Following the completion of the sale, the insider now owns 11,566 shares of the company’s stock, valued at $1,954,538.34. This represents a 52.53 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Susan Street Whaley sold 634 shares of the stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $171.65, for a total value of $108,826.10. Following the transaction, the insider now owns 19,341 shares of the company’s stock, valued at approximately $3,319,882.65. This represents a 3.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 83,080 shares of company stock worth $14,629,038 in the last ninety days. Insiders own 0.18% of the company’s stock.

Procter & Gamble Profile

The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, SK-II, and Native brands.