Ritter Daniher Financial Advisory LLC DE Acquires 4,752 Shares of The Procter & Gamble Company (NYSE:PG)

Ritter Daniher Financial Advisory LLC DE lifted its holdings in The Procter & Gamble Company (NYSE:PG - Free Report) by 7.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,978 shares of the company's stock after buying an additional 4,752 shares during the quarter. Procter & Gamble accounts for 3.5% of Ritter Daniher Financial Advisory LLC DE's portfolio, making the stock its 7th biggest 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 large investors have also recently bought and sold shares of the business. Howard Capital Management Group LLC grew its holdings in Procter & Gamble by 1.0% in the third 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 last quarter. Principal Financial Group Inc. increased its holdings in Procter & Gamble by 14.7% during the 3rd quarter. Principal Financial Group Inc. now owns 4,734,588 shares of the company's stock valued at $820,031,000 after acquiring an additional 608,168 shares in the last quarter. United Bank raised its position in Procter & Gamble by 1.7% during 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 during the last quarter. Garden State Investment Advisory Services LLC purchased a new stake in shares of Procter & Gamble in the third quarter valued at about $201,000. Finally, EP Wealth Advisors LLC grew its position in shares of Procter & Gamble by 5.3% in the third 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 during the last quarter. Hedge funds and other institutional investors own 65.77% of the company's stock.

Procter & Gamble Stock Down 5.0 %

Shares of NYSE PG opened at $163.73 on Friday. The Procter & Gamble Company has a 12-month low of $153.52 and a 12-month high of $180.43. The stock has a fifty day moving average price of $169.17 and a 200 day moving average price of $169.15. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The company has a market cap of $383.92 billion, a P/E ratio of 26.07, a P/E/G ratio of 3.76 and a beta of 0.41.

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Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 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 firm had revenue of $21.88 billion for the quarter, compared to analyst estimates of $21.66 billion. During the same period in the previous year, the company posted $1.84 EPS. Procter & Gamble's revenue for the quarter was up 2.1% on a year-over-year basis. Research analysts anticipate that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 24th were paid a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a yield of 2.46%. The ex-dividend date was Friday, January 24th. Procter & Gamble's dividend payout ratio (DPR) is 64.01%.

Insiders Place Their Bets

In related news, insider Marc S. Pritchard sold 90,450 shares of Procter & Gamble stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total value of $14,819,328.00. Following the completion of the sale, the insider now owns 172,814 shares in the company, valued at approximately $28,313,845.76. The trade was a 34.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gary A. Coombe sold 18,000 shares of the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $171.66, for a total transaction of $3,089,880.00. Following the transaction, the chief executive officer now owns 22,051 shares in the company, valued at $3,785,274.66. This trade represents a 44.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 143,450 shares of company stock worth $23,988,008 in the last quarter. 0.18% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on PG shares. Truist Financial upped their target price on Procter & Gamble from $180.00 to $185.00 and gave the company a "buy" rating in a research note on Thursday. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $164.00 price objective on shares of Procter & Gamble in a research note on Thursday, January 23rd. Erste Group Bank upgraded Procter & Gamble from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. Piper Sandler decreased their price objective on Procter & Gamble from $173.00 to $172.00 and set a "neutral" rating on the stock in a report on Monday, February 24th. Finally, Stifel Nicolaus increased their target price on Procter & Gamble from $161.00 to $165.00 and gave the stock a "hold" rating in a research report on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $182.00.

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.

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