Procter & Gamble Company (The) (NYSE:PG) Announces $1.06 Quarterly Dividend

Procter & Gamble Company (The) (NYSE:PG - Get Free Report) declared a quarterly dividend on Tuesday, July 8th, RTT News reports. Shareholders of record on Friday, July 18th will be paid a dividend of 1.0568 per share on Friday, August 15th. This represents a $4.23 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date is Friday, July 18th.

Procter & Gamble has a payout ratio of 60.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Procter & Gamble to earn $7.34 per share next year, which means the company should continue to be able to cover its $4.23 annual dividend with an expected future payout ratio of 57.6%.

Procter & Gamble Price Performance

PG traded down $1.78 during midday trading on Friday, reaching $156.71. 2,043,016 shares of the company's stock were exchanged, compared to its average volume of 7,565,856. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.71 and a quick ratio of 0.50. The stock has a market capitalization of $367.42 billion, a PE ratio of 24.87, a P/E/G ratio of 4.48 and a beta of 0.40. The business's 50-day moving average price is $161.84 and its 200 day moving average price is $165.03. Procter & Gamble has a 1-year low of $155.95 and a 1-year high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, beating analysts' consensus estimates of $1.53 by $0.01. Procter & Gamble had a net margin of 18.46% and a return on equity of 32.67%. The business had revenue of $19.78 billion during the quarter, compared to analyst estimates of $20.42 billion. During the same quarter in the previous year, the business posted $1.52 earnings per share. The company's revenue was down 2.1% on a year-over-year basis. As a group, equities analysts anticipate that Procter & Gamble will post 6.91 EPS for the current fiscal year.

Insiders Place Their Bets

In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 10,520 shares of the stock in a transaction on Monday, May 5th. The shares were sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the sale, the insider directly owned 25,182 shares of the company's stock, valued at approximately $3,995,627.94. This represents a 29.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jennifer L. Davis sold 1,000 shares of the stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total transaction of $161,380.00. Following the sale, the chief executive officer directly owned 51,965 shares in the company, valued at $8,386,111.70. This trade represents a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by corporate insiders.

Institutional Trading of Procter & Gamble

An institutional investor recently raised its position in Procter & Gamble stock. Taylor Financial Group Inc. increased its position in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 10.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,891 shares of the company's stock after acquiring an additional 277 shares during the period. Taylor Financial Group Inc.'s holdings in Procter & Gamble were worth $493,000 at the end of the most recent reporting period. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. dropped their price target on shares of Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Truist Financial dropped their price target on shares of Procter & Gamble from $185.00 to $180.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Redburn Partners set a $161.00 price objective on shares of Procter & Gamble in a research note on Thursday, May 1st. Royal Bank Of Canada upgraded shares of Procter & Gamble from a "sector perform" rating to an "outperform" rating and boosted their price objective for the stock from $164.00 to $177.00 in a research note on Friday, April 25th. Finally, Citigroup decreased their price objective on shares of Procter & Gamble from $200.00 to $181.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Eight investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Procter & Gamble presently has an average rating of "Moderate Buy" and an average target price of $178.45.

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.