Mizuho Markets Americas LLC Has $5.95 Million Holdings in The Procter & Gamble Company (NYSE:PG)

Mizuho Markets Americas LLC trimmed its stake in The Procter & Gamble Company (NYSE:PG) by 10.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 34,322 shares of the company’s stock after selling 4,149 shares during the period. Mizuho Markets Americas LLC’s holdings in Procter & Gamble were worth $5,945,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on PG shares. Wolfe Research upgraded shares of Procter & Gamble to a “strong-buy” rating in a research note on Friday, August 23rd. StockNews.com cut shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Piper Sandler started coverage on Procter & Gamble in a research note on Tuesday, September 24th. They issued a “neutral” rating and a $174.00 price objective on the stock. Hsbc Global Res upgraded Procter & Gamble to a “strong-buy” rating in a research report on Friday, October 4th. Finally, Barclays cut Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 price target on the stock. in a research report on Monday, September 30th. Nine investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $177.00.

Insider Buying and Selling at Procter & Gamble

In other news, insider Susan Street Whaley sold 450 shares of the business’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 $76,149.00. Following the completion of the transaction, the insider now directly owns 13,072 shares in the company, valued at approximately $2,212,043.84. The trade was a 3.33 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jon R. Moeller sold 31,797 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total transaction of $5,380,688.34. Following the completion of the sale, the chief executive officer now owns 300,777 shares in the company, valued at $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. In the last 90 days, insiders sold 313,597 shares of company stock worth $53,268,499. Insiders own 0.18% of the company’s stock.

Procter & Gamble Stock Up 1.5 %

Shares of PG opened at $169.54 on Friday. The business’s fifty day moving average price is $170.32 and its two-hundred day moving average price is $168.36. The firm has a market capitalization of $399.27 billion, a price-to-earnings ratio of 29.23, a PEG ratio of 3.67 and a beta of 0.42. The Procter & Gamble Company has a 52 week low of $142.50 and a 52 week high of $177.94. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.75.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Friday, October 18th. The company reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.03. The business had revenue of $21.74 billion for the quarter, compared to analysts’ expectations of $21.99 billion. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The firm’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter last year, the business earned $1.83 earnings per share. On average, analysts predict that The Procter & Gamble Company will post 6.94 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders 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 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%.

Procter & Gamble Profile

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.