Procter & Gamble Co. Announces Quarterly Dividend of $0.60 (PG)
Procter & Gamble Co. (NYSE:PG) announced a quarterly dividend on Wednesday, October 9th, ARN reports. Investors of record on Friday, October 18th will be paid a dividend of $0.6015 per share on Friday, November 15th. This represents a $2.41 annualized dividend and a dividend yield of 3.13%. The ex-dividend date is Wednesday, October 16th.
Several analysts have recently commented on the stock. Analysts at Wells Fargo & Co. upgraded shares of Procter & Gamble Co. from a “market perform” rating to an “outperform” rating in a research note to investors on Monday. On the ratings front, analysts at Barclays Capital downgraded shares of Procter & Gamble Co. from an “overweight” rating to an “equal weight” rating in a research note to investors on Wednesday, September 18th. Finally, analysts at SunTrust downgraded shares of Procter & Gamble Co. from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday, September 11th. They now have a $80.00 price target on the stock, down previously from $88.00. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $83.37.
Procter & Gamble Co. (NYSE:PG) traded up 0.81% on Wednesday, hitting $76.95. The stock had a trading volume of 8,470,729 shares. Procter & Gamble Co. has a 1-year low of $65.83 and a 1-year high of $82.54. The stock has a 50-day moving average of $78.06 and a 200-day moving average of $78.83. The company has a market cap of $210.7 billion and a price-to-earnings ratio of 19.77. Procter & Gamble Co. also was the target of unusually large options trading on Tuesday. Investors purchased 23,206 call options on the stock. This is an increase of 269% compared to the typical daily volume of 6,288 call options.
Procter & Gamble Co. (NYSE:PG) last announced its earnings results on Thursday, August 1st. The company reported $0.79 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.77 by $0.02. The company had revenue of $20.66 billion for the quarter, compared to the consensus estimate of $20.56 billion. During the same quarter in the prior year, the company posted $0.82 earnings per share. The company’s quarterly revenue was up 2.2% on a year-over-year basis. On average, analysts predict that Procter & Gamble Co. will post $4.29 earnings per share for the current fiscal year.
The Procter & Gamble Company (NYSE:PG), is focused on providing consumer packaged goods.
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