TD Private Client Wealth LLC Sells 12,669 Shares of The Procter & Gamble Company (NYSE:PG)

TD Private Client Wealth LLC cut its stake in The Procter & Gamble Company (NYSE:PG) by 29.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,856 shares of the company’s stock after selling 12,669 shares during the period. TD Private Client Wealth LLC’s holdings in Procter & Gamble were worth $5,173,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Berkshire Asset Management LLC PA raised its stake in shares of Procter & Gamble by 0.9% in the fourth quarter. Berkshire Asset Management LLC PA now owns 236,616 shares of the company’s stock worth $38,833,000 after acquiring an additional 2,179 shares during the last quarter. Strategic Advisors LLC raised its stake in shares of Procter & Gamble by 3.4% in the fourth quarter. Strategic Advisors LLC now owns 55,912 shares of the company’s stock worth $9,374,000 after acquiring an additional 1,818 shares during the last quarter. Copley Financial Group Inc. bought a new stake in shares of Procter & Gamble during the third quarter worth approximately $668,000. Fortem Financial Group LLC bought a new stake in shares of Procter & Gamble during the fourth quarter worth approximately $569,000. Finally, Richard C. Young & CO. LTD. raised its stake in shares of Procter & Gamble by 2.1% during the fourth quarter. Richard C. Young & CO. LTD. now owns 123,853 shares of the company’s stock worth $20,764,000 after buying an additional 2,568 shares during the last quarter. 65.77% of the stock is owned by institutional investors.

Procter & Gamble Stock Down 0.7 %

Procter & Gamble stock opened at $167.47 on Friday. The stock has a market capitalization of $392.69 billion, a PE ratio of 26.67, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41. The Procter & Gamble Company has a twelve month low of $153.52 and a twelve month high of $180.43. 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 50 day moving average of $167.82 and a 200-day moving average of $169.76.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.02. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The company had revenue of $21.88 billion during the quarter, compared to analysts’ expectations of $21.66 billion. During the same quarter in the prior year, the company earned $1.84 earnings per share. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, equities research analysts anticipate that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 24th were issued a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a yield of 2.40%. The ex-dividend date of this dividend was Friday, January 24th. Procter & Gamble’s payout ratio is 64.01%.

Insider Buying and Selling

In other Procter & Gamble news, insider Marc S. Pritchard sold 90,450 shares of the company’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the sale, the insider now directly owns 172,814 shares of the company’s stock, valued at approximately $28,313,845.76. This represents a 34.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Gary A. Coombe sold 18,000 shares of the company’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $171.66, for a total transaction of $3,089,880.00. Following the sale, the chief executive officer now directly owns 22,051 shares in the company, valued at $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. Over the last 90 days, insiders sold 143,450 shares of company stock worth $23,988,008. 0.18% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

PG has been the subject of a number of recent research reports. Royal Bank of Canada reissued a “sector perform” rating and set a $164.00 price target on shares of Procter & Gamble in a research note on Thursday, January 23rd. Stifel Nicolaus boosted their price target on shares of Procter & Gamble from $161.00 to $165.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. dropped their price target on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. UBS Group reissued a “buy” rating on shares of Procter & Gamble in a research note on Monday, February 10th. Finally, Wells Fargo & Company boosted their price target on shares of Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $181.47.

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.