Procter & Gamble Company (The) Plans Quarterly Dividend of $0.69 (PG)
Procter & Gamble Company (The) (NYSE:PG) declared a quarterly dividend on Tuesday, July 11th, RTT News reports. Shareholders of record on Friday, July 21st will be given a dividend of 0.6896 per share on Tuesday, August 15th. This represents a $2.76 annualized dividend and a yield of 3.18%.
Procter & Gamble Company (The) has raised its dividend by an average of 4.1% per year over the last three years and has raised its dividend every year for the last 60 years. Procter & Gamble Company (The) has a payout ratio of 71.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Procter & Gamble Company (The) to earn $4.11 per share next year, which means the company should continue to be able to cover its $2.76 annual dividend with an expected future payout ratio of 67.2%.
Procter & Gamble Company (NYSE PG) traded down 0.37% on Tuesday, reaching $86.77. The company’s stock had a trading volume of 5,804,384 shares. The firm has a 50 day moving average of $87.86 and a 200 day moving average of $88.03. The firm has a market cap of $221.92 billion, a price-to-earnings ratio of 15.95 and a beta of 0.68. Procter & Gamble Company has a 12 month low of $81.18 and a 12 month high of $92.00.
Procter & Gamble Company (The) (NYSE:PG) last issued its earnings results on Wednesday, April 26th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.02. The firm had revenue of $15.61 billion for the quarter, compared to analyst estimates of $15.70 billion. Procter & Gamble Company (The) had a return on equity of 19.30% and a net margin of 23.14%. The business’s revenue was down 1.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.86 earnings per share. Analysts anticipate that Procter & Gamble Company will post $3.85 earnings per share for the current year.
Several brokerages have issued reports on PG. Jefferies Group LLC restated a “buy” rating and issued a $101.00 target price on shares of Procter & Gamble Company (The) in a research note on Thursday, March 16th. J P Morgan Chase & Co began coverage on Procter & Gamble Company (The) in a research note on Tuesday, March 21st. They issued a “neutral” rating and a $98.00 target price on the stock. Vetr upgraded Procter & Gamble Company (The) from a “sell” rating to a “hold” rating and set a $89.22 target price on the stock in a research note on Monday, March 13th. Zacks Investment Research lowered Procter & Gamble Company (The) from a “hold” rating to a “sell” rating in a research note on Thursday, March 23rd. Finally, Capital One Financial Corporation lowered Procter & Gamble Company (The) from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $5.00 to $2.00 in a research note on Thursday, June 22nd. Three analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $86.42.
In related news, insider Steven D. Bishop sold 2,668 shares of the business’s stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $87.34, for a total transaction of $233,023.12. Following the completion of the transaction, the insider now directly owns 43,608 shares in the company, valued at $3,808,722.72. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Patrice Louvet sold 29,621 shares of the business’s stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $86.01, for a total value of $2,547,702.21. Following the transaction, the insider now owns 76,651 shares of the company’s stock, valued at $6,592,752.51. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 199,891 shares of company stock valued at $17,276,637. 0.35% of the stock is owned by company insiders.
About Procter & Gamble Company (The)
The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.
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