Mizuho Securities USA LLC Sells 35,453 Shares of Procter & Gamble Company (The) (NYSE:PG)

Key Points

• Mizuho Securities USA LLC reduced its stake in Procter & Gamble by 15.9%, now holding approximately $32 million worth of shares, which constitutes about 0.7% of its total investment portfolio.
• Procter & Gamble posted earnings of $1.48 per share for the last quarter, exceeding analysts' expectations and showing a 1.7% increase in revenue compared to the previous year.
• The company declared a quarterly dividend of $1.0568 per share, set to be paid on August 15th, reflecting an annualized yield of 2.8%.

Mizuho Securities USA LLC cut its stake in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 15.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 187,752 shares of the company's stock after selling 35,453 shares during the quarter. Procter & Gamble makes up about 0.7% of Mizuho Securities USA LLC's portfolio, making the stock its 21st largest position. Mizuho Securities USA LLC's holdings in Procter & Gamble were worth $31,997,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of PG. Navigoe LLC acquired a new position in Procter & Gamble during the fourth quarter worth $31,000. Capital A Wealth Management LLC acquired a new position in Procter & Gamble during the fourth quarter worth $31,000. 10Elms LLP acquired a new position in Procter & Gamble during the fourth quarter worth $34,000. Sunbeam Capital Management LLC acquired a new position in Procter & Gamble during the fourth quarter worth $34,000. Finally, Mizuho Securities Co. Ltd. raised its holdings in Procter & Gamble by 566.7% during the first quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company's stock worth $34,000 after buying an additional 170 shares during the last quarter. 65.77% of the stock is owned by institutional investors.

Procter & Gamble Stock Performance

Shares of NYSE PG traded up $1.52 during trading on Monday, reaching $155.03. 7,327,441 shares of the company traded hands, compared to its average volume of 7,956,396. The firm has a 50 day simple moving average of $158.01 and a 200-day simple moving average of $163.60. The company has a quick ratio of 0.49, a current ratio of 0.70 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $363.13 billion, a PE ratio of 23.81, a P/E/G ratio of 4.05 and a beta of 0.37. Procter & Gamble Company has a 52-week low of $149.91 and a 52-week high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.42 by $0.06. The firm had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.79 billion. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The business's quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.40 EPS. Equities research analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, July 18th will be paid a $1.0568 dividend. This represents a $4.23 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Friday, July 18th. Procter & Gamble's dividend payout ratio is 64.98%.

Analyst Ratings Changes

Several research analysts have weighed in on PG shares. UBS Group set a $180.00 price objective on shares of Procter & Gamble and gave the stock a "buy" rating in a report on Wednesday, July 30th. Bank of America decreased their price objective on shares of Procter & Gamble from $190.00 to $180.00 and set a "buy" rating for the company in a report on Friday, April 25th. Morgan Stanley set a $180.00 price objective on shares of Procter & Gamble and gave the stock an "overweight" rating in a report on Friday, April 25th. Raymond James Financial decreased their price objective on shares of Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Finally, Redburn Partners set a $161.00 price objective on shares of Procter & Gamble in a report on Thursday, May 1st. Seven equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $175.88.

Procter & Gamble Profile

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.