Mizuho Securities USA LLC Sells 143,999 Shares of The Procter & Gamble Company (NYSE:PG)

Mizuho Securities USA LLC decreased its position in shares of The Procter & Gamble Company (NYSE:PG) by 79.1% during the 3rd quarter, Holdings Channel reports. The fund owned 37,977 shares of the company’s stock after selling 143,999 shares during the quarter. Mizuho Securities USA LLC’s holdings in Procter & Gamble were worth $6,578,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. Coastline Trust Co grew its holdings in shares of Procter & Gamble by 1.0% in the 3rd quarter. Coastline Trust Co now owns 25,407 shares of the company’s stock valued at $4,400,000 after buying an additional 261 shares during the period. Altrius Capital Management Inc grew its stake in Procter & Gamble by 2.2% in the third quarter. Altrius Capital Management Inc now owns 27,293 shares of the company’s stock valued at $4,727,000 after acquiring an additional 598 shares during the period. Empirical Finance LLC increased its holdings in shares of Procter & Gamble by 2.1% in the third quarter. Empirical Finance LLC now owns 82,251 shares of the company’s stock worth $14,246,000 after acquiring an additional 1,689 shares in the last quarter. Sheaff Brock Investment Advisors LLC raised its position in shares of Procter & Gamble by 0.5% during the third quarter. Sheaff Brock Investment Advisors LLC now owns 48,431 shares of the company’s stock worth $8,388,000 after purchasing an additional 240 shares during the period. Finally, Connable Office Inc. lifted its holdings in shares of Procter & Gamble by 0.5% during the 3rd quarter. Connable Office Inc. now owns 25,005 shares of the company’s stock valued at $4,331,000 after purchasing an additional 122 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insider Activity

In related news, insider Susan Street Whaley sold 634 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $171.65, for a total value of $108,826.10. Following the transaction, the insider now directly owns 19,341 shares in the company, valued at approximately $3,319,882.65. This represents a 3.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jon R. Moeller sold 31,797 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $169.22, for a total transaction of $5,380,688.34. Following the transaction, the chief executive officer now directly owns 300,777 shares in the company, valued at approximately $50,897,483.94. This represents a 9.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 313,597 shares of company stock valued at $53,268,499. 0.18% of the stock is owned by insiders.

Procter & Gamble Stock Up 1.5 %

PG stock opened at $169.54 on Friday. The Procter & Gamble Company has a 1-year low of $142.50 and a 1-year high of $177.94. The business’s 50 day simple moving average is $170.32 and its 200 day simple moving average is $168.36. The company has a current ratio of 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $399.27 billion, a PE ratio of 29.23, a PEG ratio of 3.67 and a beta of 0.42.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Friday, October 18th. The company reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.03. The company had revenue of $21.74 billion for the quarter, compared to analyst estimates of $21.99 billion. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The company’s revenue was down .6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.83 earnings per share. As a group, research analysts anticipate that The Procter & Gamble Company will post 6.94 EPS for the current year.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 18th were issued a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date of this dividend was Friday, October 18th. Procter & Gamble’s dividend payout ratio is presently 69.48%.

Analyst Ratings Changes

Several analysts have commented on the stock. Hsbc Global Res upgraded shares of Procter & Gamble to a “strong-buy” rating in a report on Friday, October 4th. Evercore ISI boosted their price objective on shares of Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. DA Davidson increased their target price on Procter & Gamble from $159.00 to $160.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. DZ Bank upgraded Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 price target on the stock in a report on Thursday, August 29th. Finally, StockNews.com lowered Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Nine research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Procter & Gamble currently has a consensus rating of “Moderate Buy” and an average target price of $177.00.

About Procter & Gamble

The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, SK-II, and Native brands.