Procter & Gamble Company (The) to Issue Quarterly Dividend of $1.06 (NYSE:PG)

Procter & Gamble Company (The) (NYSE:PG - Get Free Report) announced a quarterly dividend on Tuesday, July 8th, RTT News reports. Stockholders 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 dividend yield of 2.67%. The ex-dividend date is Friday, July 18th.

Procter & Gamble has a dividend payout ratio of 60.4% indicating that its dividend is sufficiently covered by earnings. Equities 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 Trading Up 0.6%

Shares of PG stock traded up $0.94 during mid-day trading on Thursday, reaching $158.46. 7,182,641 shares of the stock traded hands, compared to its average volume of 7,577,079. The stock's fifty day simple moving average is $161.87 and its two-hundred day simple moving average is $165.09. Procter & Gamble has a 1-year low of $155.95 and a 1-year high of $180.43. The company has a market cap of $371.52 billion, a price-to-earnings ratio of 25.15, a price-to-earnings-growth ratio of 4.49 and a beta of 0.40. The company has a quick ratio of 0.50, a current ratio of 0.71 and a debt-to-equity ratio of 0.47.

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

Analyst Ratings Changes

PG has been the topic of several recent analyst reports. Morgan Stanley set a $180.00 price target on Procter & Gamble and gave the company an "overweight" rating in a research note on Friday, April 25th. Raymond James Financial decreased their price objective on Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Barclays restated an "equal weight" rating on shares of Procter & Gamble in a report on Thursday, March 27th. Truist Financial decreased their price target on Procter & Gamble from $185.00 to $180.00 and set a "buy" rating for the company in a report on Friday, April 25th. Finally, Bank of America decreased their price target on Procter & Gamble from $190.00 to $180.00 and set a "buy" rating for the company in a report on Friday, April 25th. Eight investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $178.45.

Insider Transactions at Procter & Gamble

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

Institutional Investors Weigh In On Procter & Gamble

A hedge fund recently raised its stake in Procter & Gamble stock. Brighton Jones LLC raised its holdings in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 51.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 40,068 shares of the company's stock after buying an additional 13,617 shares during the quarter. Brighton Jones LLC's holdings in Procter & Gamble were worth $6,717,000 at the end of the most recent quarter. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

About Procter & Gamble

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.