Tdam USA Inc. Sells 69,724 Shares of Procter & Gamble Co (PG)

Tdam USA Inc. lessened its position in shares of Procter & Gamble Co (NYSE:PG) by 15.2% during the 3rd quarter, Holdings Channel reports. The firm owned 389,393 shares of the company’s stock after selling 69,724 shares during the quarter. Procter & Gamble comprises 2.1% of Tdam USA Inc.’s portfolio, making the stock its 5th largest holding. Tdam USA Inc.’s holdings in Procter & Gamble were worth $35,427,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Asset Planning Services Ltd. raised its holdings in shares of Procter & Gamble by 0.4% during the second quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock valued at $104,000 after acquiring an additional 5 shares during the last quarter. Harding Loevner LP acquired a new position in shares of Procter & Gamble during the second quarter valued at approximately $119,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Procter & Gamble in the third quarter valued at approximately $125,000. Blume Capital Management Inc. increased its holdings in shares of Procter & Gamble by 25.4% in the second quarter. Blume Capital Management Inc. now owns 1,482 shares of the company’s stock valued at $129,000 after purchasing an additional 300 shares during the last quarter. Finally, Legacy Advisors LLC acquired a new stake in shares of Procter & Gamble in the third quarter valued at approximately $174,000. Institutional investors and hedge funds own 59.85% of the company’s stock.

Procter & Gamble Co (NYSE PG) opened at $81.50 on Wednesday. The stock has a market capitalization of $205,033.17, a price-to-earnings ratio of 21.79, a P/E/G ratio of 2.54 and a beta of 0.51. Procter & Gamble Co has a fifty-two week low of $78.59 and a fifty-two week high of $94.67. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 0.41.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Tuesday, January 23rd. The company reported $1.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.14 by $0.05. Procter & Gamble had a return on equity of 20.66% and a net margin of 15.34%. The company had revenue of $17.40 billion for the quarter, compared to analysts’ expectations of $17.39 billion. During the same period last year, the firm earned $1.08 earnings per share. Procter & Gamble’s quarterly revenue was up 3.2% on a year-over-year basis. research analysts anticipate that Procter & Gamble Co will post 4.2 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Friday, January 19th will be paid a $0.6896 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date of this dividend is Thursday, January 18th. Procter & Gamble’s dividend payout ratio is presently 73.80%.

In other Procter & Gamble news, insider R. Alexandra Keith sold 1,298 shares of the firm’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $89.11, for a total value of $115,664.78. Following the sale, the insider now directly owns 20,135 shares in the company, valued at $1,794,229.85. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Ioannis Skoufalos sold 2,880 shares of the firm’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $88.75, for a total value of $255,600.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 70,681 shares of company stock worth $6,266,735. 0.35% of the stock is owned by insiders.

Several equities research analysts recently commented on PG shares. Royal Bank of Canada reaffirmed a “buy” rating on shares of Procter & Gamble in a report on Monday, October 23rd. Vetr upgraded Procter & Gamble from a “hold” rating to a “buy” rating and set a $93.02 price objective for the company in a research report on Monday, October 23rd. Deutsche Bank began coverage on Procter & Gamble in a research report on Wednesday, December 13th. They issued a “buy” rating and a $101.00 price objective for the company. Jefferies Group reiterated a “buy” rating and issued a $88.23 price objective (down from $99.00) on shares of Procter & Gamble in a research report on Thursday, November 16th. Finally, Zacks Investment Research upgraded Procter & Gamble from a “hold” rating to a “buy” rating and set a $102.00 price objective for the company in a research report on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $88.38.

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Procter & Gamble Company Profile

The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.

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

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