Procter & Gamble Company (The) (PG) Plans Quarterly Dividend of $0.69
Procter & Gamble Company (The) (NYSE:PG) declared a quarterly dividend on Tuesday, January 9th, RTT News reports. Stockholders of record on Friday, January 19th will be given a dividend of 0.6896 per share on Thursday, February 15th. This represents a $2.76 annualized dividend and a dividend yield of 3.03%. The ex-dividend date is Thursday, January 18th.
Procter & Gamble has increased its dividend payment by an average of 2.6% per year over the last three years and has raised its dividend every year for the last 61 years. Procter & Gamble has a dividend payout ratio of 66.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Procter & Gamble to earn $4.46 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 61.9%.
Procter & Gamble (NYSE:PG) traded down $0.67 during midday trading on Wednesday, hitting $91.05. The stock had a trading volume of 6,630,000 shares, compared to its average volume of 6,197,483. The stock has a market capitalization of $230,990.00, a P/E ratio of 24.34, a PEG ratio of 2.93 and a beta of 0.67. Procter & Gamble has a 1-year low of $83.24 and a 1-year high of $94.67. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.75 and a current ratio of 0.91.
Procter & Gamble (NYSE:PG) last released its earnings results on Friday, October 20th. The company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.02. Procter & Gamble had a return on equity of 20.35% and a net margin of 23.72%. The business had revenue of $16.65 billion for the quarter, compared to the consensus estimate of $16.69 billion. During the same quarter last year, the business posted $1.03 earnings per share. The business’s quarterly revenue was up .8% compared to the same quarter last year. research analysts forecast that Procter & Gamble will post 4.18 EPS for the current fiscal year.
In related news, insider Marylynn Fergusonmchugh sold 2,856 shares of Procter & Gamble stock in a transaction on Monday, October 16th. The stock was sold at an average price of $92.98, for a total value of $265,550.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider R. Alexandra Keith sold 1,298 shares of Procter & Gamble stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $89.11, for a total value of $115,664.78. Following the completion of the transaction, the insider now owns 20,135 shares of the company’s stock, valued at $1,794,229.85. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,575 shares of company stock valued at $1,927,095. 0.35% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in PG. Pinnacle Wealth Management Advisory Group LLC lifted its holdings in Procter & Gamble by 4.8% during the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 15,150 shares of the company’s stock worth $1,320,000 after buying an additional 696 shares during the last quarter. TRUE Private Wealth Advisors lifted its holdings in Procter & Gamble by 20.4% during the 2nd quarter. TRUE Private Wealth Advisors now owns 4,164 shares of the company’s stock worth $362,000 after buying an additional 706 shares during the last quarter. Syntal Capital Partners LLC purchased a new stake in Procter & Gamble during the 2nd quarter worth about $304,000. Winch Advisory Services LLC lifted its holdings in Procter & Gamble by 3.5% during the 2nd quarter. Winch Advisory Services LLC now owns 2,611 shares of the company’s stock worth $228,000 after buying an additional 88 shares during the last quarter. Finally, Zweig DiMenna Associates LLC lifted its holdings in Procter & Gamble by 32.4% during the 2nd quarter. Zweig DiMenna Associates LLC now owns 163,161 shares of the company’s stock worth $14,219,000 after buying an additional 39,961 shares during the last quarter. Hedge funds and other institutional investors own 59.56% of the company’s stock.
PG has been the topic of a number of analyst reports. Jefferies Group reiterated a “buy” rating and set a $99.00 price objective on shares of Procter & Gamble in a research report on Monday, December 18th. Stifel Nicolaus set a $87.00 price objective on Procter & Gamble and gave the stock a “hold” rating in a research report on Friday, October 20th. Goldman Sachs Group reiterated a “sell” rating on shares of Procter & Gamble in a research report on Wednesday, October 4th. Deutsche Bank initiated coverage on Procter & Gamble in a research report on Tuesday, December 19th. They set a “buy” rating and a $91.88 price objective on the stock. Finally, Royal Bank of Canada reiterated a “buy” rating on shares of Procter & Gamble in a research report on Monday, October 23rd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $89.31.
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Procter & Gamble Company Profile
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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