The Procter & Gamble Company (NYSE:PG) Shares Sold by TD Asset Management Inc.

TD Asset Management Inc. cut its holdings in The Procter & Gamble Company (NYSE:PG - Free Report) by 5.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,136,374 shares of the company's stock after selling 194,692 shares during the quarter. TD Asset Management Inc. owned 0.13% of Procter & Gamble worth $525,813,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of PG. Prospect Financial Group LLC bought a new stake in Procter & Gamble during the fourth quarter worth approximately $271,000. Modern Wealth Management LLC raised its holdings in Procter & Gamble by 26.4% during the 4th quarter. Modern Wealth Management LLC now owns 55,260 shares of the company's stock valued at $9,258,000 after buying an additional 11,540 shares during the period. CoreFirst Bank & Trust bought a new stake in Procter & Gamble in the fourth quarter worth $2,278,000. Sequent Planning LLC boosted its stake in Procter & Gamble by 18.9% during the fourth quarter. Sequent Planning LLC now owns 3,774 shares of the company's stock worth $633,000 after buying an additional 600 shares during the period. Finally, Jackson Thornton Wealth Management LLC increased its position in Procter & Gamble by 52.0% during the fourth quarter. Jackson Thornton Wealth Management LLC now owns 1,835 shares of the company's stock valued at $308,000 after acquiring an additional 628 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on PG. JPMorgan Chase & Co. lowered their target price on shares of Procter & Gamble from $186.00 to $181.00 and set an "overweight" rating for the company in a report on Thursday, January 16th. Piper Sandler decreased their price objective on shares of Procter & Gamble from $173.00 to $172.00 and set a "neutral" rating for the company in a research note on Monday, February 24th. UBS Group reaffirmed a "buy" rating on shares of Procter & Gamble in a research note on Monday, February 10th. Stifel Nicolaus raised their price target on Procter & Gamble from $161.00 to $165.00 and gave the stock a "hold" rating in a research note on Thursday, January 23rd. Finally, Erste Group Bank raised Procter & Gamble from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. Seven research analysts have rated the stock with a hold rating, twelve have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $181.47.

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Insider Buying and Selling

In other news, insider Marc S. Pritchard sold 90,450 shares of the stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the completion of the sale, the insider now owns 172,814 shares in the company, valued at approximately $28,313,845.76. This represents a 34.36 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Gary A. Coombe sold 18,000 shares of the business's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $171.66, for a total value of $3,089,880.00. Following the transaction, the chief executive officer now owns 22,051 shares in the company, valued at approximately $3,785,274.66. This trade represents a 44.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 143,450 shares of company stock worth $23,988,008 in the last 90 days. 0.18% of the stock is owned by corporate insiders.

Procter & Gamble Stock Up 2.1 %

Shares of NYSE PG traded up $3.45 during midday trading on Wednesday, reaching $166.30. 4,527,923 shares of the company's stock traded hands, compared to its average volume of 6,468,076. The stock's 50 day simple moving average is $168.17 and its 200-day simple moving average is $169.49. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50. The company has a market cap of $389.94 billion, a price-to-earnings ratio of 26.48, a P/E/G ratio of 3.76 and a beta of 0.41. The Procter & Gamble Company has a one year low of $153.52 and a one year high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, topping the consensus estimate of $1.86 by $0.02. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The firm had revenue of $21.88 billion during the quarter, compared to analyst estimates of $21.66 billion. During the same period in the previous year, the company posted $1.84 EPS. The business's revenue for the quarter was up 2.1% compared to the same quarter last year. On average, analysts predict that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th were given a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date of this dividend was Friday, January 24th. Procter & Gamble's payout ratio is currently 64.01%.

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.