Ritter Daniher Financial Advisory LLC DE Sells 1,575 Shares of The Procter & Gamble Company (NYSE:PG)

Ritter Daniher Financial Advisory LLC DE lowered its stake in shares of The Procter & Gamble Company (NYSE:PG) by 2.3% in the third quarter, according to its most recent 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 quarter. Procter & Gamble makes up approximately 3.4% of Ritter Daniher Financial Advisory LLC DE’s holdings, making the stock its 8th largest 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.

A number of other institutional investors have also recently added to or reduced their stakes in PG. Concord Asset Management LLC VA lifted its position in shares of Procter & Gamble by 6.2% during the 3rd quarter. Concord Asset Management LLC VA now owns 23,543 shares of the company’s stock valued at $4,078,000 after acquiring an additional 1,384 shares during the last quarter. Peterson Financial Group Inc. purchased a new position in Procter & Gamble during the 3rd quarter worth approximately $137,000. Mechanics Financial Corp raised its stake in Procter & Gamble by 3.0% during the 3rd quarter. Mechanics Financial Corp now owns 17,081 shares of the company’s stock valued at $2,958,000 after purchasing an additional 491 shares during the period. Adero Partners LLC lifted its holdings in shares of Procter & Gamble by 5.7% in the third quarter. Adero Partners LLC now owns 5,322 shares of the company’s stock valued at $922,000 after purchasing an additional 289 shares in the last quarter. Finally, Atlanta Consulting Group Advisors LLC raised its position in Procter & Gamble by 1.4% during the third quarter. Atlanta Consulting Group Advisors LLC now owns 18,003 shares of the company’s stock valued at $3,118,000 after buying an additional 245 shares during the period. 65.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on PG shares. TD Cowen began coverage on Procter & Gamble in a research report on Tuesday, July 23rd. They set a “buy” rating and a $189.00 price objective for the company. Stifel Nicolaus boosted their price objective on shares of Procter & Gamble from $157.00 to $161.00 and gave the company a “hold” rating in a research report on Monday, July 22nd. Morgan Stanley lifted their target price on shares of Procter & Gamble from $174.00 to $191.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Dbs Bank downgraded shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, DA Davidson increased their price objective on Procter & Gamble from $159.00 to $160.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Nine investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $177.00.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, CFO Andre Schulten sold 13,041 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $170.00, for a total value of $2,216,970.00. Following the completion of the sale, the chief financial officer now owns 37,208 shares in the company, valued at approximately $6,325,360. This trade represents a 25.95 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Susan Street Whaley sold 450 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total value of $76,149.00. Following the sale, the insider now owns 13,072 shares in the company, valued at approximately $2,212,043.84. This represents a 3.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 313,597 shares of company stock valued at $53,268,499 in the last ninety days. Company insiders own 0.18% of the company’s stock.

Procter & Gamble Stock Up 1.5 %

Procter & Gamble stock opened at $169.54 on Friday. The firm has a market cap of $399.27 billion, a price-to-earnings ratio of 29.23, a P/E/G ratio of 3.67 and a beta of 0.42. The firm has a fifty day moving average price of $170.32 and a two-hundred day moving average price of $168.36. The Procter & Gamble Company has a fifty-two week low of $142.50 and a fifty-two week high of $177.94. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.75 and a quick ratio of 0.55.

Procter & Gamble (NYSE:PG) last announced its earnings results 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 firm had revenue of $21.74 billion during the quarter, compared to the consensus estimate of $21.99 billion. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.83 EPS. As a group, analysts forecast that The Procter & Gamble Company will post 6.94 earnings per share for the current year.

Procter & Gamble Announces Dividend

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

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.