Toronto Dominion Bank Increases Holdings in Procter & Gamble Co (PG)

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Toronto Dominion Bank boosted its holdings in shares of Procter & Gamble Co (NYSE:PG) by 14.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,789,594 shares of the company’s stock after acquiring an additional 229,233 shares during the period. Toronto Dominion Bank owned about 0.07% of Procter & Gamble worth $139,673,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Hutner Capital Management Inc. raised its position in shares of Procter & Gamble by 0.9% in the second quarter. Hutner Capital Management Inc. now owns 76,118 shares of the company’s stock valued at $5,942,000 after buying an additional 645 shares during the last quarter. Cliftonlarsonallen Wealth Advisors LLC increased its position in Procter & Gamble by 5.6% during the second quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 12,539 shares of the company’s stock worth $979,000 after purchasing an additional 661 shares during the last quarter. American Asset Management Inc. increased its position in Procter & Gamble by 16.6% during the second quarter. American Asset Management Inc. now owns 4,673 shares of the company’s stock worth $365,000 after purchasing an additional 666 shares during the last quarter. Signature Wealth Management Group increased its position in Procter & Gamble by 2.0% during the second quarter. Signature Wealth Management Group now owns 35,233 shares of the company’s stock worth $2,750,000 after purchasing an additional 674 shares during the last quarter. Finally, IMS Capital Management increased its position in Procter & Gamble by 15.9% during the second quarter. IMS Capital Management now owns 5,122 shares of the company’s stock worth $400,000 after purchasing an additional 702 shares during the last quarter. Institutional investors own 58.54% of the company’s stock.

PG opened at $92.41 on Friday. The company has a quick ratio of 0.62, a current ratio of 0.80 and a debt-to-equity ratio of 0.40. Procter & Gamble Co has a 52-week low of $70.73 and a 52-week high of $93.14. The company has a market cap of $230.14 billion, a price-to-earnings ratio of 21.90, a price-to-earnings-growth ratio of 2.99 and a beta of 0.37.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Friday, October 19th. The company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.03. Procter & Gamble had a net margin of 15.10% and a return on equity of 21.20%. The company had revenue of $16.69 billion during the quarter, compared to the consensus estimate of $16.45 billion. During the same period in the previous year, the firm earned $1.09 earnings per share. Procter & Gamble’s revenue for the quarter was up .2% on a year-over-year basis. On average, research analysts predict that Procter & Gamble Co will post 4.41 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Friday, October 19th will be paid a dividend of $0.7172 per share. The ex-dividend date of this dividend is Thursday, October 18th. This represents a $2.87 annualized dividend and a yield of 3.10%. Procter & Gamble’s dividend payout ratio is currently 68.01%.

In other Procter & Gamble news, insider Deborah P. Majoras sold 1,980 shares of the business’s stock in a transaction that occurred on Monday, August 13th. The shares were sold at an average price of $81.35, for a total transaction of $161,073.00. Following the completion of the sale, the insider now directly owns 50,074 shares in the company, valued at $4,073,519.90. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO David S. Taylor sold 63,113 shares of the business’s stock in a transaction that occurred on Friday, November 9th. The stock was sold at an average price of $91.68, for a total transaction of $5,786,199.84. Following the sale, the chief executive officer now owns 226,393 shares of the company’s stock, valued at $20,755,710.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 153,302 shares of company stock valued at $13,438,363. 1.84% of the stock is owned by insiders.

PG has been the subject of several research analyst reports. Berenberg Bank set a $78.00 price target on shares of Procter & Gamble and gave the stock a “sell” rating in a research report on Monday, October 22nd. JPMorgan Chase & Co. raised shares of Procter & Gamble from a “neutral” rating to an “overweight” rating and set a $100.00 price target for the company in a research report on Friday, October 19th. Societe Generale set a $87.00 price target on shares of Procter & Gamble and gave the stock a “hold” rating in a research report on Tuesday, October 23rd. Bank of America upped their price target on shares of Procter & Gamble from $92.00 to $95.00 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, Atlantic Securities initiated coverage on shares of Procter & Gamble in a research report on Thursday, September 20th. They set an “overweight” rating and a $94.00 price target for the company. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Procter & Gamble has a consensus rating of “Hold” and an average target price of $88.38.

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Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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