Procter & Gamble (NYSE:PG) Sets New 12-Month High After Dividend Announcement

Procter & Gamble Co (NYSE:PG) reached a new 52-week high on Wednesday after the company announced a dividend. The company traded as high as $114.49 and last traded at $114.41, with a volume of 124763 shares traded. The stock had previously closed at $112.91.

The newly announced dividend which will be paid on Thursday, August 15th. Shareholders of record on Friday, July 19th will be paid a $0.7459 dividend. The ex-dividend date of this dividend is Thursday, July 18th. This represents a $2.98 annualized dividend and a dividend yield of 2.61%. Procter & Gamble’s payout ratio is presently 70.62%.

Several brokerages have issued reports on PG. Wells Fargo & Co set a $27.00 target price on Univar and gave the company a “buy” rating in a research note on Monday, April 8th. DZ Bank restated a “buy” rating on shares of Deutz in a research note on Wednesday, April 24th. Scotiabank restated a “buy” rating on shares of Procter & Gamble in a research note on Friday, July 5th. Morgan Stanley set a $111.00 target price on Procter & Gamble and gave the company a “buy” rating in a research note on Thursday, March 28th. Finally, Barclays lowered their target price on Waters from $218.00 to $210.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the stock. Procter & Gamble presently has a consensus rating of “Hold” and an average target price of $102.32.



The company has a debt-to-equity ratio of 0.39, a current ratio of 0.79 and a quick ratio of 0.60. The company has a market cap of $283.82 billion, a P/E ratio of 27.10, a P/E/G ratio of 3.43 and a beta of 0.45. The company’s 50 day simple moving average is $109.41.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.02. Procter & Gamble had a return on equity of 21.61% and a net margin of 16.44%. The company had revenue of $16.46 billion for the quarter, compared to analyst estimates of $16.37 billion. During the same period in the previous year, the company posted $1.00 EPS. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. As a group, equities research analysts forecast that Procter & Gamble Co will post 4.48 earnings per share for the current fiscal year.

In related news, insider Deborah P. Majoras sold 6,161 shares of the business’s stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $103.10, for a total transaction of $635,199.10. Following the completion of the transaction, the insider now directly owns 44,996 shares in the company, valued at $4,639,087.60. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman David S. Taylor sold 23,045 shares of the business’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $107.95, for a total value of $2,487,707.75. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 320,840 shares of company stock valued at $33,904,086. 1.84% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of PG. Vanguard Group Inc. boosted its holdings in shares of Procter & Gamble by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 188,401,646 shares of the company’s stock worth $15,680,670,000 after purchasing an additional 853,269 shares in the last quarter. Vanguard Group Inc boosted its holdings in shares of Procter & Gamble by 0.5% in the 3rd quarter. Vanguard Group Inc now owns 188,401,646 shares of the company’s stock worth $15,680,670,000 after purchasing an additional 853,269 shares in the last quarter. FMR LLC boosted its holdings in shares of Procter & Gamble by 26.4% in the 1st quarter. FMR LLC now owns 35,400,538 shares of the company’s stock worth $3,683,425,000 after purchasing an additional 7,389,251 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Procter & Gamble by 3.2% in the 4th quarter. Bank of New York Mellon Corp now owns 25,152,723 shares of the company’s stock worth $2,312,039,000 after purchasing an additional 775,146 shares in the last quarter. Finally, Morgan Stanley boosted its holdings in shares of Procter & Gamble by 11.3% in the 3rd quarter. Morgan Stanley now owns 17,584,133 shares of the company’s stock worth $1,463,528,000 after purchasing an additional 1,784,225 shares in the last quarter. Institutional investors and hedge funds own 62.24% of the company’s stock.

Procter & Gamble Company Profile (NYSE:PG)

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.

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