PayPal Holdings, Inc. (PYPL) to Issue Quarterly Dividend of $0.14 on June 25th

PayPal Holdings, Inc. (NASDAQ:PYPL) announced a quarterly dividend on Monday, May 4th, NASDAQ Dividends reports. Stockholders of record on Thursday, June 4th will be given a dividend of 0.14 per share by the credit services provider on Thursday, June 25th. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Thursday, June 4th.

PayPal Stock Performance

PYPL stock traded down $0.30 during trading hours on Wednesday, hitting $46.19. 5,471,506 shares of the stock were exchanged, compared to its average volume of 20,984,156. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $41.55 billion, a P/E ratio of 8.52, a P/E/G ratio of 1.45 and a beta of 1.39. The company has a 50-day simple moving average of $46.73 and a two-hundred day simple moving average of $54.28. PayPal has a 12 month low of $38.46 and a 12 month high of $79.50.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Tuesday, May 5th. The credit services provider reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.07. The firm had revenue of $8.35 billion for the quarter, compared to analysts’ expectations of $8.05 billion. PayPal had a return on equity of 25.42% and a net margin of 15.77%.The company’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.33 EPS. On average, analysts forecast that PayPal will post 5.31 earnings per share for the current fiscal year.

Insider Transactions at PayPal

In other news, CAO Chris Natali sold 2,208 shares of the company’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $44.73, for a total transaction of $98,763.84. Following the completion of the transaction, the chief accounting officer directly owned 1,140 shares in the company, valued at approximately $50,992.20. This represents a 65.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Frank Keller sold 29,581 shares of the company’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $46.02, for a total transaction of $1,361,317.62. Following the transaction, the executive vice president owned 51,567 shares of the company’s stock, valued at $2,373,113.34. This trade represents a 36.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 99,677 shares of company stock worth $4,433,834. Corporate insiders own 0.63% of the company’s stock.

Institutional Trading of PayPal

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its holdings in shares of PayPal by 8.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 43,864 shares of the credit services provider’s stock worth $1,958,000 after purchasing an additional 3,421 shares during the last quarter. Independent Financial Group LLC bought a new stake in shares of PayPal during the first quarter worth about $275,000. Aware Super Pty Ltd as trustee of Aware Super bought a new stake in shares of PayPal during the first quarter worth about $25,205,000. Wealthfront Advisers LLC grew its holdings in shares of PayPal by 31.2% during the first quarter. Wealthfront Advisers LLC now owns 86,907 shares of the credit services provider’s stock worth $3,931,000 after purchasing an additional 20,661 shares during the last quarter. Finally, Illinois Municipal Retirement Fund lifted its stake in shares of PayPal by 12.2% in the first quarter. Illinois Municipal Retirement Fund now owns 83,547 shares of the credit services provider’s stock worth $3,779,000 after acquiring an additional 9,114 shares during the period. 68.32% of the stock is currently owned by institutional investors.

About PayPal

PayPal Holdings, Inc operates a global digital payments platform that enables consumers and merchants to send and receive payments online, on mobile devices and at the point of sale. The company provides a broad set of payment solutions, including a digital wallet, merchant payment processing, checkout services, invoicing and fraud-management tools. PayPal’s platform is designed to support e-commerce, in-person retail and person-to-person transfers, targeting both individual consumers and businesses of varying sizes.

Key products and services in PayPal’s portfolio include the PayPal wallet and checkout ecosystem, the Venmo peer-to-peer mobile app, Braintree’s developer-focused payment gateway, Xoom for international money transfers, and PayPal Credit and buy-now-pay-later options.