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

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 given a dividend of 1.0568 per share on Friday, August 15th. This represents a $4.23 annualized dividend and a dividend yield of 2.68%.

Procter & Gamble has a dividend payout ratio of 60.4% meaning 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 Down 1.7%

Shares of NYSE:PG traded down $2.65 during midday trading on Tuesday, reaching $157.85. The company had a trading volume of 11,953,583 shares, compared to its average volume of 7,521,072. The company has a fifty day simple moving average of $162.07 and a two-hundred day simple moving average of $165.20. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.50 and a current ratio of 0.71. The firm has a market cap of $370.09 billion, a price-to-earnings ratio of 25.06, a price-to-earnings-growth ratio of 4.57 and a beta of 0.40. Procter & Gamble has a 1-year low of $156.58 and a 1-year high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $1.54 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $20.42 billion. During the same quarter in the prior year, the firm earned $1.52 EPS. The firm's quarterly revenue was down 2.1% on a year-over-year basis. Research analysts predict that Procter & Gamble will post 6.91 earnings per share for the current year.

Insiders Place Their Bets

In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 10,520 shares of Procter & Gamble stock in a transaction that occurred 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 completion of the sale, the insider directly owned 25,182 shares in the company, valued at $3,995,627.94. The trade was a 29.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jennifer L. Davis sold 1,000 shares of the company's 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 completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.18% of the company's stock.

Institutional Investors Weigh In On Procter & Gamble

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

Analyst Ratings Changes

Several research firms have weighed in on PG. Piper Sandler lifted their target price on Procter & Gamble from $160.00 to $164.00 and gave the company a "neutral" rating in a research note on Monday, May 5th. Morgan Stanley set a $180.00 price objective on shares of Procter & Gamble and gave the company an "overweight" rating in a research note on Friday, April 25th. JPMorgan Chase & Co. lowered their price target on shares of Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Redburn Partners set a $161.00 price objective on Procter & Gamble in a research report on Thursday, May 1st. Finally, Erste Group Bank lowered Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 30th. Eight analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued 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 price target 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.

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