Procter & Gamble Co (NYSE:PG) announced a quarterly dividend on Tuesday, January 14th, RTT News reports. Stockholders of record on Friday, January 24th will be paid a dividend of 0.7459 per share on Tuesday, February 18th. This represents a $2.98 dividend on an annualized basis and a dividend yield of 2.39%.
Procter & Gamble has raised its dividend by an average of 3.8% annually over the last three years and has increased its dividend annually for the last 62 consecutive years. Procter & Gamble has a dividend payout ratio of 65.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Procter & Gamble to earn $5.24 per share next year, which means the company should continue to be able to cover its $2.98 annual dividend with an expected future payout ratio of 56.9%.
Shares of PG traded down $0.19 during trading hours on Tuesday, reaching $124.69. 7,617,635 shares of the company traded hands, compared to its average volume of 6,050,911. The company’s fifty day moving average price is $124.03 and its two-hundred day moving average price is $120.26. The company has a market capitalization of $309.16 billion, a price-to-earnings ratio of 27.59, a price-to-earnings-growth ratio of 3.36 and a beta of 0.40. The company has a quick ratio of 0.54, a current ratio of 0.72 and a debt-to-equity ratio of 0.44. Procter & Gamble has a 12 month low of $89.08 and a 12 month high of $126.60.
Procter & Gamble (NYSE:PG) last announced its earnings results on Tuesday, October 22nd. The company reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.13. The firm had revenue of $17.80 billion for the quarter, compared to analyst estimates of $17.43 billion. Procter & Gamble had a net margin of 6.24% and a return on equity of 25.07%. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.12 EPS. On average, analysts expect that Procter & Gamble will post 4.94 EPS for the current year.
In other news, CEO Ma. Fatima Francisco sold 1,729 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $122.00, for a total value of $210,938.00. Following the transaction, the chief executive officer now owns 6,856 shares in the company, valued at $836,432. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO David S. Taylor sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $124.01, for a total transaction of $6,200,500.00. Following the completion of the transaction, the chief executive officer now owns 277,521 shares in the company, valued at approximately $34,415,379.21. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,288,513 shares of company stock worth $159,734,252. Insiders own 1.75% of the company’s stock.
Several research firms recently commented on PG. ValuEngine lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Wells Fargo & Co boosted their price objective on shares of Procter & Gamble from $135.00 to $136.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. UBS Group boosted their price objective on shares of Procter & Gamble from $122.00 to $126.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. TheStreet raised shares of Procter & Gamble from a “c+” rating to a “b+” rating in a research note on Tuesday, October 22nd. Finally, Goldman Sachs Group reissued a “buy” rating and set a $136.00 price objective on shares of Procter & Gamble in a research note on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $119.07.
About Procter & Gamble
The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.
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