Ritter Daniher Financial Advisory LLC DE Has $12.24 Million Position in The Procter & Gamble Company (NYSE:PG)

Ritter Daniher Financial Advisory LLC DE lifted its holdings in The Procter & Gamble Company (NYSE:PG) by 7.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 72,978 shares of the company’s stock after purchasing an additional 4,752 shares during the period. Procter & Gamble comprises approximately 3.5% of Ritter Daniher Financial Advisory LLC DE’s portfolio, making the stock its 7th largest holding. Ritter Daniher Financial Advisory LLC DE’s holdings in Procter & Gamble were worth $12,235,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Howard Capital Management Group LLC boosted its stake in Procter & Gamble by 1.0% during the 3rd quarter. Howard Capital Management Group LLC now owns 8,327 shares of the company’s stock valued at $1,442,000 after purchasing an additional 82 shares during the period. Principal Financial Group Inc. grew its holdings in Procter & Gamble by 14.7% during the third quarter. Principal Financial Group Inc. now owns 4,734,588 shares of the company’s stock worth $820,031,000 after acquiring an additional 608,168 shares during the period. United Bank raised its position in Procter & Gamble by 1.7% in the third quarter. United Bank now owns 13,367 shares of the company’s stock worth $2,315,000 after acquiring an additional 219 shares in the last quarter. Garden State Investment Advisory Services LLC acquired a new stake in Procter & Gamble in the 3rd quarter valued at about $201,000. Finally, EP Wealth Advisors LLC boosted its position in shares of Procter & Gamble by 5.3% during the 3rd quarter. EP Wealth Advisors LLC now owns 103,424 shares of the company’s stock valued at $17,913,000 after purchasing an additional 5,177 shares in the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Price Performance

Shares of NYSE:PG opened at $163.73 on Friday. The firm has a market cap of $383.92 billion, a price-to-earnings ratio of 26.07, a P/E/G ratio of 3.76 and a beta of 0.41. The business has a fifty day simple moving average of $169.17 and a 200 day simple moving average of $169.15. The Procter & Gamble Company has a 1 year low of $153.52 and a 1 year high of $180.43. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.02. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The company had revenue of $21.88 billion during the quarter, compared to the consensus estimate of $21.66 billion. During the same quarter in the prior year, the company posted $1.84 EPS. The firm’s revenue was up 2.1% on a year-over-year basis. As a group, sell-side analysts predict that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th were given a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date was Friday, January 24th. Procter & Gamble’s dividend payout ratio is 64.01%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Erste Group Bank upgraded shares of Procter & Gamble from a “hold” rating to a “strong-buy” rating in a report on Monday, March 17th. DA Davidson reaffirmed a “buy” rating and issued a $209.00 price target on shares of Procter & Gamble in a report on Thursday, January 23rd. Barclays reissued an “equal weight” rating on shares of Procter & Gamble in a research note on Thursday, March 27th. Stifel Nicolaus upped their target price on Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Finally, Piper Sandler decreased their price target on Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating for the company in a research report on Monday, February 24th. Seven investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $182.00.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, CEO Gary A. Coombe sold 35,000 shares of the firm’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $173.68, for a total value of $6,078,800.00. Following the sale, the chief executive officer now directly owns 22,051 shares in the company, valued at $3,829,817.68. This trade represents a 61.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Marc S. Pritchard sold 90,450 shares of the company’s stock in a transaction dated 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 transaction, the insider now directly owns 172,814 shares of the company’s stock, valued at $28,313,845.76. This represents a 34.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 143,450 shares of company stock worth $23,988,008 over the last ninety days. Company insiders own 0.18% of the company’s stock.

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.