TD Asset Management Inc Has $484.15 Million Holdings in Procter & Gamble Company (The) (NYSE:PG)

Key Points

• TD Asset Management Inc has reduced its holdings in Procter & Gamble by 9.4%, now owning 2,840,926 shares valued at approximately $484 million after selling 295,448 shares.
• Procter & Gamble reported earnings of $1.54 per share, beating expectations by $0.01, despite a year-over-year revenue decline of 2.1%.
• The company declared a quarterly dividend of $1.0568 per share, with a yield of 2.67%, to be paid on August 15th.

TD Asset Management Inc lowered its position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 9.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,840,926 shares of the company's stock after selling 295,448 shares during the quarter. TD Asset Management Inc owned approximately 0.12% of Procter & Gamble worth $484,151,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Navigoe LLC acquired a new stake in Procter & Gamble in the 4th quarter valued at about $31,000. Capital A Wealth Management LLC acquired a new stake in shares of Procter & Gamble during the 4th quarter worth approximately $31,000. Hoey Investments Inc. grew its position in shares of Procter & Gamble by 321.7% during the 4th quarter. Hoey Investments Inc. now owns 194 shares of the company's stock worth $33,000 after buying an additional 148 shares during the period. 10Elms LLP acquired a new stake in shares of Procter & Gamble during the 4th quarter worth approximately $34,000. Finally, Mizuho Securities Co. Ltd. grew its position in shares of Procter & Gamble by 566.7% during the 1st quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company's stock worth $34,000 after buying an additional 170 shares during the period. Institutional investors and hedge funds own 65.77% of the company's stock.

Procter & Gamble Stock Down 1.6%

NYSE:PG traded down $2.48 on Wednesday, hitting $154.13. 2,867,959 shares of the company's stock were exchanged, compared to its average volume of 8,201,983. The firm has a 50-day moving average price of $160.68 and a 200-day moving average price of $164.19. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.71 and a quick ratio of 0.50. Procter & Gamble Company has a 52 week low of $151.90 and a 52 week high of $180.43. The company has a market cap of $361.36 billion, a P/E ratio of 24.47, a price-to-earnings-growth ratio of 4.48 and a beta of 0.40.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.06. Procter & Gamble had a net margin of 18.46% and a return on equity of 32.67%. The firm had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.79 billion. During the same period in the prior year, the firm posted $1.40 earnings per share. The company's quarterly revenue was up 1.7% compared to the same quarter last year. As a group, analysts expect that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, July 18th will be issued a $1.0568 dividend. The ex-dividend date of this dividend is Friday, July 18th. This represents a $4.23 annualized dividend and a dividend yield of 2.74%. Procter & Gamble's dividend payout ratio is currently 66.98%.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 10,520 shares of the company's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $158.67, for a total value of $1,669,208.40. Following the transaction, the insider directly owned 25,182 shares in the company, valued at $3,995,627.94. The trade was a 29.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on PG shares. Evercore ISI reiterated 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. Morgan Stanley set a $180.00 price target on shares of Procter & Gamble and gave the stock an "overweight" rating in a research report on Friday, April 25th. Erste Group Bank cut shares of Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 30th. JPMorgan Chase & Co. reissued a "neutral" rating and set a $170.00 price objective (down previously from $178.00) on shares of Procter & Gamble in a research note on Friday, July 25th. Finally, Redburn Partners set a $161.00 price objective on shares of Procter & Gamble in a research note on Thursday, May 1st. Nine equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $175.71.

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.