Procter & Gamble Co. (PG) Plans $0.67 Quarterly Dividend
Procter & Gamble Co. (NYSE:PG) declared a quarterly dividend on Tuesday, October 11th. Investors of record on Friday, October 21st will be paid a dividend of 0.6695 per share on Tuesday, November 15th. This represents a $2.68 annualized dividend and a yield of 3.02%.
Procter & Gamble Co. (NYSE:PG) opened at 88.54 on Wednesday. The company’s 50-day moving average price is $88.19 and its 200 day moving average price is $84.64. The firm has a market capitalization of $236.29 billion, a PE ratio of 23.97 and a beta of 0.54. Procter & Gamble Co. has a one year low of $73.50 and a one year high of $90.33.
Procter & Gamble Co. (NYSE:PG) last posted its earnings results on Tuesday, August 2nd. The company reported $0.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.05. The company earned $16.10 billion during the quarter, compared to analyst estimates of $15.83 billion. Procter & Gamble Co. had a return on equity of 17.48% and a net margin of 16.09%. The business’s revenue was down 2.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.00 earnings per share. On average, analysts forecast that Procter & Gamble Co. will post $0.02 earnings per share for the current year.
In other news, CFO Jon R. Moeller sold 272,591 shares of the company’s stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $85.94, for a total value of $23,426,470.54. Following the transaction, the chief financial officer now directly owns 164,269 shares of the company’s stock, valued at $14,117,277.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Juan Fernando Posada sold 3,501 shares of the company’s stock in a transaction on Wednesday, September 28th. The stock was sold at an average price of $89.50, for a total transaction of $313,339.50. Following the completion of the transaction, the insider now directly owns 19,953 shares in the company, valued at $1,785,793.50. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by insiders.
Institutional investors have recently bought and sold shares of the company. Signature Estate & Investment Advisors LLC acquired a new position in Procter & Gamble Co. during the second quarter valued at approximately $122,000. Affinity Investment Advisors LLC acquired a new position in Procter & Gamble Co. during the second quarter valued at approximately $203,000. Pathstone Family Office LLC increased its position in Procter & Gamble Co. by 7,696.8% in the second quarter. Pathstone Family Office LLC now owns 2,417 shares of the company’s stock valued at $204,000 after buying an additional 2,386 shares during the last quarter. HRT Financial LLC purchased a new stake in Procter & Gamble Co. during the second quarter worth about $217,000. Finally, Point72 Asia Hong Kong Ltd boosted its stake in Procter & Gamble Co. by 85.7% in the second quarter. Point72 Asia Hong Kong Ltd now owns 2,600 shares of the company’s stock worth $220,000 after buying an additional 1,200 shares during the period. 58.86% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have recently commented on PG. Zacks Investment Research raised Procter & Gamble Co. from a “sell” rating to a “hold” rating in a report on Tuesday, July 26th. Vetr lowered Procter & Gamble Co. from a “buy” rating to a “hold” rating and set a $89.50 target price for the company. in a report on Tuesday, July 19th. JPMorgan Chase & Co. set a $99.00 target price on Procter & Gamble Co. and gave the company a “buy” rating in a report on Wednesday, August 3rd. Jefferies Group reissued a “buy” rating and issued a $98.00 price objective on shares of Procter & Gamble Co. in a report on Thursday, August 4th. Finally, Citigroup Inc. increased their price objective on Procter & Gamble Co. from $92.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday, August 4th. Eleven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $89.49.
About Procter & Gamble Co.
The Procter & Gamble Company (P&G) provides consumer packaged goods. The Company operates in five segments under GBUs: Beauty, which offers a range of products ranging from deodorants to cosmetics to skin care; Grooming, which includes blades, razors and electronic hair removal devices, such as electric razors and epilators; Health Care, which includes oral care and personal health care products.; Fabric Care and Home Care, which consists of a range of fabric care products, home care products and batteries, and Baby Feminine and Family Care, which offers diapers, pants, baby wipe, Bounty paper, towel and Charmin toilet paper brands.
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