The Procter & Gamble Company (NYSE:PG) Plans Quarterly Dividend of $1.01

The Procter & Gamble Company (NYSE:PG) declared a quarterly dividend on Tuesday, January 14th,RTT News reports. Investors of record on Friday, January 24th will be given a dividend of 1.0065 per share on Tuesday, February 18th. This represents a $4.03 dividend on an annualized basis and a yield of 2.52%.

Procter & Gamble has raised its dividend by an average of 5.2% annually over the last three years and has increased its dividend annually for the last 69 consecutive years. Procter & Gamble has a dividend payout ratio of 54.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Procter & Gamble to earn $7.39 per share next year, which means the company should continue to be able to cover its $4.03 annual dividend with an expected future payout ratio of 54.5%.

Procter & Gamble Stock Up 0.6 %

Shares of PG stock traded up $0.98 during mid-day trading on Tuesday, hitting $159.82. The stock had a trading volume of 5,982,143 shares, compared to its average volume of 6,743,784. Procter & Gamble has a 12-month low of $146.28 and a 12-month high of $180.43. The firm has a market capitalization of $376.38 billion, a P/E ratio of 27.56, a price-to-earnings-growth ratio of 3.70 and a beta of 0.45. The firm’s 50-day moving average is $169.52 and its two-hundred day moving average is $169.55. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.75 and a quick ratio of 0.55.

Procter & Gamble (NYSE:PG) last announced its earnings results on Friday, October 18th. The company reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.03. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The company had revenue of $21.74 billion for the quarter, compared to analyst estimates of $21.99 billion. During the same period in the prior year, the company posted $1.83 EPS. The firm’s quarterly revenue was down .6% compared to the same quarter last year. On average, analysts predict that Procter & Gamble will post 6.94 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

PG has been the topic of a number of recent research reports. Piper Sandler began coverage on Procter & Gamble in a research note on Tuesday, September 24th. They issued a “neutral” rating and a $174.00 target price on the stock. DA Davidson reiterated a “buy” rating and set a $209.00 price target on shares of Procter & Gamble in a research report on Friday, December 27th. Royal Bank of Canada reiterated a “sector perform” rating and set a $164.00 price target on shares of Procter & Gamble in a research report on Monday, October 21st. Morgan Stanley increased their price target on Procter & Gamble from $174.00 to $191.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Finally, Wells Fargo & Company lowered their price target on Procter & Gamble from $190.00 to $176.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Eight investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $179.75.

Insider Buying and Selling at Procter & Gamble

In other news, CEO Gary A. Coombe sold 47,847 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total transaction of $8,604,804.48. Following the completion of the transaction, the chief executive officer now directly owns 39,977 shares of the company’s stock, valued at approximately $7,189,463.68. This represents a 54.48 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Balaji Purushothaman sold 12,800 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $168.99, for a total value of $2,163,072.00. Following the completion of the sale, the insider now owns 11,566 shares in the company, valued at approximately $1,954,538.34. This represents a 52.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 75,439 shares of company stock valued at $13,317,460 in the last ninety days. Insiders own 0.18% of the company’s stock.

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.