The Procter & Gamble Company (NYSE:PG) Shares Sold by Ritter Daniher Financial Advisory LLC DE

Ritter Daniher Financial Advisory LLC DE lowered its position in The Procter & Gamble Company (NYSE:PG) by 2.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,226 shares of the company’s stock after selling 1,575 shares during the period. Procter & Gamble makes up about 3.4% of Ritter Daniher Financial Advisory LLC DE’s investment portfolio, making the stock its 8th biggest position. Ritter Daniher Financial Advisory LLC DE’s holdings in Procter & Gamble were worth $11,817,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Itau Unibanco Holding S.A. acquired a new position in shares of Procter & Gamble during the 2nd quarter worth approximately $28,000. Fairway Wealth LLC acquired a new position in shares of Procter & Gamble in the second quarter worth $29,000. POM Investment Strategies LLC purchased a new stake in shares of Procter & Gamble in the second quarter valued at $34,000. Quest Partners LLC acquired a new stake in shares of Procter & Gamble during the second quarter valued at $36,000. Finally, Fairfield Financial Advisors LTD acquired a new position in Procter & Gamble in the 2nd quarter valued at about $44,000. 65.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on PG. Jefferies Financial Group lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating and cut their price objective for the company from $182.00 to $175.00 in a research report on Wednesday, July 24th. Royal Bank of Canada reissued a “sector perform” rating and set a $164.00 price target on shares of Procter & Gamble in a research note 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 research report on Monday, October 21st. StockNews.com cut Procter & Gamble from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, JPMorgan Chase & Co. raised their target price on shares of Procter & Gamble from $179.00 to $186.00 and gave the stock an “overweight” rating in a research report on Thursday, September 19th. Nine equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $177.00.

Insider Buying and Selling at Procter & Gamble

In related news, insider Susan Street Whaley sold 450 shares of Procter & Gamble stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $169.22, for a total value 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. This trade represents a 3.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Balaji Purushothaman sold 12,800 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $168.99, for a total value of $2,163,072.00. Following the sale, the insider now owns 11,566 shares in the company, valued at $1,954,538.34. The trade was a 52.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 313,597 shares of company stock worth $53,268,499 in the last 90 days. 0.18% of the stock is owned by corporate insiders.

Procter & Gamble Stock Up 1.5 %

Shares of NYSE:PG opened at $169.54 on Friday. The company has a market capitalization of $399.27 billion, a price-to-earnings ratio of 29.23, a price-to-earnings-growth ratio of 3.67 and a beta of 0.42. The company has a 50 day moving average of $170.32 and a two-hundred day moving average of $168.36. The Procter & Gamble Company has a 52-week low of $142.50 and a 52-week high of $177.94. The company has a quick ratio of 0.55, a current ratio of 0.75 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Friday, October 18th. The company reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.03. The business had revenue of $21.74 billion during 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 business’s revenue was down .6% on a year-over-year basis. During the same period last year, the business earned $1.83 EPS. As a group, analysts forecast that The Procter & Gamble Company will post 6.94 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

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

Procter & Gamble Company 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.