PayPal Holdings, Inc. (NASDAQ:PYPL) Shareholders to Get $0.14 Quarterly Dividend

PayPal Holdings, Inc. (NASDAQ:PYPL) declared a quarterly dividend on Monday, October 26th. Stockholders of record on Friday, December 4th will be given a dividend of $0.14 per share by the credit services provider on Thursday, December 24th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, December 4th.

PayPal Stock Down 0.8%

Shares of PayPal stock opened at $55.64 on Wednesday. The business has a 50-day simple moving average of $55.63 and a 200 day simple moving average of $50.05. PayPal has a one year low of $38.46 and a one year high of $72.73.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, October 27th. The credit services provider reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.14. The firm had revenue of $8.58 billion during the quarter, compared to the consensus estimate of $8.71 billion. The firm’s revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.34 EPS. Research analysts anticipate that PayPal will post 5.39 EPS for the current year.

Insiders Place Their Bets

In other PayPal news, CAO Chris Natali sold 552 shares of the business’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $54.80, for a total value of $30,249.60. Following the transaction, the chief accounting officer owned 2,400 shares of the company’s stock, valued at approximately $131,520. The trade was a 18.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Suzan Kereere sold 4,162 shares of the firm’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $60.96, for a total value of $253,715.52. Following the sale, the insider directly owned 30,983 shares of the company’s stock, valued at approximately $1,888,723.68. This represents a 11.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 12,705 shares of company stock valued at $727,886. Insiders own 0.63% of the company’s stock.

Hedge Funds Weigh In On PayPal

Several institutional investors and hedge funds have recently bought and sold shares of the company. Interchange Capital Partners LLC bought a new position in shares of PayPal during the 3rd quarter worth $258,000. China Universal Asset Management Co. Ltd. raised its stake in PayPal by 8.5% in the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 28,827 shares of the credit services provider’s stock valued at $1,553,000 after acquiring an additional 2,267 shares during the period. Childress Capital Advisors LLC raised its stake in PayPal by 6.7% in the 3rd quarter. Childress Capital Advisors LLC now owns 11,585 shares of the credit services provider’s stock valued at $609,000 after acquiring an additional 732 shares during the period. Pinnacle Wealth Planning Services Inc. raised its stake in PayPal by 56.2% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 2,642 shares of the credit services provider’s stock valued at $139,000 after acquiring an additional 951 shares during the period. Finally, VestGen Advisors LLC purchased a new stake in PayPal during the third quarter valued at about $212,000. 68.32% of the stock is owned by institutional investors.

PayPal Company Profile

PayPal Holdings, Inc operates a global digital payments platform that enables consumers and businesses to send, receive, and manage money online and through mobile devices. Its services support online checkout, peer-to-peer payments, money transfers, payment processing, invoicing, and other commerce-related transactions.

The company’s portfolio includes the PayPal and Venmo brands, Braintree’s payment processing technology, and Xoom’s international money transfer service. PayPal also offers merchant tools, digital wallets, payment solutions, and consumer financing products through its platform and related services.

PayPal traces its origins to 1998 and became an independent publicly traded company after separating from eBay in 2015.