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

Key Points

• Ritter Daniher Financial Advisory LLC DE reduced its stake in Procter & Gamble Company, making it the firm's 9th largest holding, comprising 3.3% of its portfolio.
• Procter & Gamble's recent quarterly earnings exceeded analysts' expectations with a reported $1.48 EPS and revenue of $20.89 billion, showing a 1.7% increase year-over-year.
• The company has announced a quarterly dividend of $1.0568, representing a 2.8% yield and set to be paid on August 15th.

Ritter Daniher Financial Advisory LLC DE decreased its holdings in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 3.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,687 shares of the company's stock after selling 2,291 shares during the period. Procter & Gamble comprises about 3.3% of Ritter Daniher Financial Advisory LLC DE's investment portfolio, making the stock its 9th biggest holding. Ritter Daniher Financial Advisory LLC DE's holdings in Procter & Gamble were worth $12,046,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of PG. Navigoe LLC bought a new stake in shares of Procter & Gamble in the fourth quarter worth $31,000. Capital A Wealth Management LLC bought a new stake in shares of Procter & Gamble in the fourth quarter worth $31,000. 10Elms LLP bought a new stake in shares of Procter & Gamble in the fourth quarter worth $34,000. Mizuho Securities Co. Ltd. grew its holdings in shares of Procter & Gamble by 566.7% in the first quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company's stock worth $34,000 after acquiring an additional 170 shares during the period. Finally, Sunbeam Capital Management LLC bought a new stake in shares of Procter & Gamble in the fourth quarter worth $34,000. Institutional investors own 65.77% of the company's stock.

Procter & Gamble Price Performance

Shares of Procter & Gamble stock traded up $0.06 during trading hours on Friday, hitting $153.55. The company's stock had a trading volume of 5,810,954 shares, compared to its average volume of 8,068,523. The business has a 50 day moving average price of $158.26 and a two-hundred day moving average price of $163.68. Procter & Gamble Company has a 12-month low of $149.91 and a 12-month high of $180.43. The company has a market cap of $359.67 billion, a PE ratio of 23.59, a PEG ratio of 4.05 and a beta of 0.37. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.49 and a current ratio of 0.70.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.42 by $0.06. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%. The business had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.79 billion. During the same period in the previous year, the business earned $1.40 earnings per share. The business's revenue was up 1.7% on a year-over-year basis. Analysts expect that 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 will be paid on Friday, August 15th. Investors of record on Friday, July 18th will be given a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Friday, July 18th. Procter & Gamble's payout ratio is currently 64.98%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on PG shares. Redburn Partners set a $161.00 price objective on Procter & Gamble in a report on Thursday, May 1st. Evercore ISI reaffirmed an "in-line" rating and issued a $170.00 price objective (down previously from $190.00) on shares of Procter & Gamble in a report on Monday, July 14th. Erste Group Bank lowered Procter & Gamble from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 30th. Royal Bank Of Canada raised Procter & Gamble from a "sector perform" rating to an "outperform" rating and boosted their price target for the company from $164.00 to $177.00 in a report on Friday, April 25th. Finally, Redburn Atlantic lowered Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 price target for the company. in a report on Thursday, May 1st. Seven analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $175.88.

Procter & Gamble Company 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.