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

Key Points

• TD Asset Management Inc reduced its stake in Procter & Gamble by 28.0%, selling 794,213 shares for a total holding of 2,046,713 shares valued at approximately $326 million.
• Procter & Gamble's quarterly earnings surpassed expectations, reporting $1.48 EPS on $20.89 billion in revenue, with a year-over-year revenue increase of 1.7%.
• The company announced a quarterly dividend of $1.0568 per share, representing a 2.8% dividend yield, with the payout scheduled for November 17th.

TD Asset Management Inc reduced its position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 28.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,046,713 shares of the company's stock after selling 794,213 shares during the quarter. TD Asset Management Inc owned 0.09% of Procter & Gamble worth $326,082,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. MOKAN Wealth Management Inc. grew its stake in shares of Procter & Gamble by 13.7% during the 2nd quarter. MOKAN Wealth Management Inc. now owns 15,319 shares of the company's stock valued at $2,442,000 after acquiring an additional 1,846 shares during the period. Benjamin Edwards Inc. grew its stake in shares of Procter & Gamble by 120.7% during the 1st quarter. Benjamin Edwards Inc. now owns 364,378 shares of the company's stock valued at $62,098,000 after acquiring an additional 199,258 shares during the period. Capital Investment Advisory Services LLC grew its stake in shares of Procter & Gamble by 13.8% during the 1st quarter. Capital Investment Advisory Services LLC now owns 37,709 shares of the company's stock valued at $6,426,000 after acquiring an additional 4,562 shares during the period. World Investment Advisors grew its stake in shares of Procter & Gamble by 6.0% during the 1st quarter. World Investment Advisors now owns 50,913 shares of the company's stock valued at $8,677,000 after acquiring an additional 2,886 shares during the period. Finally, Concurrent Investment Advisors LLC grew its stake in shares of Procter & Gamble by 26.4% during the 1st quarter. Concurrent Investment Advisors LLC now owns 120,002 shares of the company's stock valued at $20,451,000 after acquiring an additional 25,059 shares during the period. 65.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

PG has been the topic of a number of research analyst reports. UBS Group lowered their price target on Procter & Gamble from $180.00 to $176.00 and set a "buy" rating on the stock in a report on Wednesday, October 8th. Weiss Ratings reissued a "hold (c+)" rating on shares of Procter & Gamble in a report on Wednesday, October 8th. BNP Paribas Exane lowered their price target on Procter & Gamble from $177.00 to $172.00 and set an "outperform" rating on the stock in a report on Tuesday, September 23rd. Berenberg Bank boosted their price target on Procter & Gamble from $152.00 to $154.00 and gave the stock a "hold" rating in a report on Wednesday, September 17th. Finally, Evercore ISI reissued an "in-line" rating and issued a $170.00 price target (down from $190.00) on shares of Procter & Gamble in a report on Monday, July 14th. Eleven research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $172.21.

Procter & Gamble Stock Up 1.1%

Shares of PG opened at $149.18 on Wednesday. The stock has a market capitalization of $349.15 billion, a price-to-earnings ratio of 22.92, a price-to-earnings-growth ratio of 3.91 and a beta of 0.36. Procter & Gamble Company has a 1 year low of $146.96 and a 1 year high of $180.43. The business's 50 day simple moving average is $155.15 and its 200-day simple moving average is $159.20. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.70 and a quick ratio of 0.49.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $20.89 billion for the quarter, compared to analysts' expectations of $20.79 billion. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%.The company's revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.40 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. As a group, equities analysts expect that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Friday, October 24th will be given a dividend of $1.0568 per share. The ex-dividend date of this dividend is Friday, October 24th. This represents a $4.23 annualized dividend and a dividend yield of 2.8%. Procter & Gamble's payout ratio is currently 64.82%.

Insider Activity

In other news, insider Marc S. Pritchard sold 9,849 shares of the business's stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total transaction of $1,548,952.23. Following the transaction, the insider owned 182,422 shares of the company's stock, valued at approximately $28,689,507.94. The trade was a 5.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Shailesh Jejurikar sold 13,039 shares of the business's stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total value of $2,050,643.53. Following the transaction, the chief operating officer directly owned 28,036 shares in the company, valued at approximately $4,409,221.72. This represents a 31.74% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 149,763 shares of company stock worth $23,421,279. Company insiders own 0.20% of the company's stock.

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.

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