Procter & Gamble Company (The) (NYSE:PG) Declares Quarterly Dividend of $1.09

Procter & Gamble Company (The) (NYSE:PG) declared a quarterly dividend on Tuesday, October 13th. Shareholders of record on Friday, October 23rd will be given a dividend of $1.0885 per share on Monday, November 16th. This represents a $4.35 annualized dividend and a yield of 2.8%. The ex-dividend date is Friday, October 23rd.

Procter & Gamble has increased its dividend by an average of 0.1% per year over the last three years and has raised its dividend annually for the last 70 consecutive years. Procter & Gamble has a dividend payout ratio of 62.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Procter & Gamble to earn $7.42 per share next year, which means the company should continue to be able to cover its $4.35 annual dividend with an expected future payout ratio of 58.6%.

Procter & Gamble Price Performance

Shares of PG stock opened at $152.99 on Wednesday. Procter & Gamble has a 12 month low of $137.62 and a 12 month high of $167.25. The company has a market capitalization of $355.33 billion, a P/E ratio of 23.11, a P/E/G ratio of 3.81 and a beta of 0.39. The stock has a 50 day moving average of $146.21 and a two-hundred day moving average of $146.23. The company has a current ratio of 0.68, a quick ratio of 0.47 and a debt-to-equity ratio of 0.43.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Wednesday, July 29th. The company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.02. The business had revenue of $21.20 billion for the quarter, compared to analysts’ expectations of $21.38 billion. Procter & Gamble had a return on equity of 31.36% and a net margin of 18.44%. Procter & Gamble’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.48 earnings per share. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. As a group, equities analysts expect that Procter & Gamble will post 6.98 EPS for the current year.

Insiders Place Their Bets

In other Procter & Gamble news, CFO Andre Schulten sold 3,914 shares of the company’s stock in a transaction on Monday, October 5th. The stock was sold at an average price of $145.34, for a total value of $568,860.76. Following the sale, the chief financial officer directly owned 65,618 shares in the company, valued at $9,536,920.12. This represents a 5.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Marc Pritchard sold 4,030 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $143.79, for a total value of $579,473.70. Following the transaction, the insider owned 187,001 shares of the company’s stock, valued at $26,888,873.79. This represents a 2.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 15,135 shares of company stock worth $2,189,970 over the last quarter. Corporate insiders own 0.23% of the company’s stock.

Hedge Funds Weigh In On Procter & Gamble

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. KLCM Advisors Inc. lifted its holdings in Procter & Gamble by 0.9% in the 1st quarter. KLCM Advisors Inc. now owns 7,890 shares of the company’s stock valued at $1,140,000 after purchasing an additional 70 shares in the last quarter. Midwest Professional Planners LTD. grew its holdings in shares of Procter & Gamble by 2.6% during the second quarter. Midwest Professional Planners LTD. now owns 2,799 shares of the company’s stock worth $410,000 after buying an additional 70 shares in the last quarter. Legacy Solutions LLC raised its position in shares of Procter & Gamble by 3.8% in the second quarter. Legacy Solutions LLC now owns 1,928 shares of the company’s stock valued at $283,000 after buying an additional 71 shares during the last quarter. Yarger Wealth Strategies LLC raised its position in shares of Procter & Gamble by 1.7% in the second quarter. Yarger Wealth Strategies LLC now owns 4,142 shares of the company’s stock valued at $609,000 after buying an additional 71 shares during the last quarter. Finally, Unique Wealth LLC lifted its stake in shares of Procter & Gamble by 2.9% in the second quarter. Unique Wealth LLC now owns 2,520 shares of the company’s stock worth $370,000 after buying an additional 71 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

About Procter & Gamble

The Procter & Gamble Company (NYSE: PG) is a consumer products company that develops, manufactures and markets branded products used in households and personal care routines. Its portfolio includes products in categories such as beauty, grooming, health care, fabric and home care, and family care.

Major brands associated with Procter & Gamble include Pampers, Tide, Gillette, Head & Shoulders, Pantene, Oral-B, Crest, Olay, Old Spice, Febreze, Mr. Clean, Swiffer and Bounty. The company sells its products through retailers, e-commerce platforms and other distribution channels.

Founded in Cincinnati, Ohio, in 1837 by William Procter and James Gamble, the company has grown into a global consumer goods business serving customers in markets around the world.