Procter & Gamble Co (PG) Position Increased by Toronto Dominion Bank

Toronto Dominion Bank boosted its stake in Procter & Gamble Co (NYSE:PG) by 14.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,789,594 shares of the company’s stock after acquiring an additional 229,233 shares during the period. Toronto Dominion Bank’s holdings in Procter & Gamble were worth $139,673,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. HC Financial Advisors Inc. bought a new stake in shares of Procter & Gamble during the 4th quarter valued at $1,738,000. Schwab Charles Investment Management Inc. raised its stake in shares of Procter & Gamble by 8.5% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 13,939,806 shares of the company’s stock valued at $1,105,148,000 after purchasing an additional 1,089,316 shares during the period. Mawer Investment Management Ltd. raised its stake in shares of Procter & Gamble by 101.9% during the 1st quarter. Mawer Investment Management Ltd. now owns 874,218 shares of the company’s stock valued at $69,294,000 after purchasing an additional 441,278 shares during the period. Engineers Gate Manager LP raised its stake in shares of Procter & Gamble by 1,133.4% during the 1st quarter. Engineers Gate Manager LP now owns 45,340 shares of the company’s stock valued at $3,595,000 after purchasing an additional 41,664 shares during the period. Finally, Synovus Financial Corp raised its stake in shares of Procter & Gamble by 2.9% during the 1st quarter. Synovus Financial Corp now owns 175,359 shares of the company’s stock valued at $13,916,000 after purchasing an additional 4,927 shares during the period. 58.54% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider R. Alexandra Keith sold 1,463 shares of the company’s stock in a transaction dated Friday, November 2nd. The stock was sold at an average price of $89.89, for a total value of $131,509.07. Following the completion of the transaction, the insider now directly owns 45,018 shares in the company, valued at approximately $4,046,668.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman Jon R. Moeller sold 2,873 shares of the company’s stock in a transaction dated Monday, August 13th. The stock was sold at an average price of $81.35, for a total value of $233,718.55. Following the completion of the transaction, the insider now owns 113,638 shares of the company’s stock, valued at $9,244,451.30. The disclosure for this sale can be found here. Insiders sold a total of 153,302 shares of company stock valued at $13,438,363 over the last quarter. Company insiders own 1.84% of the company’s stock.

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

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

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

A number of analysts recently issued reports on the company. Jefferies Financial Group reiterated a “hold” rating and set a $86.00 price objective on shares of Procter & Gamble in a research note on Friday. TD Securities restated a “hold” rating on shares of Procter & Gamble in a research report on Thursday. Bank of America boosted their target price on Procter & Gamble from $92.00 to $95.00 and gave the stock a “neutral” rating in a research report on Tuesday. ValuEngine upgraded Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Wednesday, October 24th. Finally, Zacks Investment Research upgraded Procter & Gamble from a “sell” rating to a “hold” rating in a research report on Wednesday, October 24th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $88.38.

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Procter & Gamble 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.

Further Reading: Inflation

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

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