Insider Selling: Reckitt Benckiser Group plc (LON:RKT) Insider Sells 10,344 Shares of Stock

Reckitt Benckiser Group plc (LON:RKT) insider Kris Licht sold 10,344 shares of Reckitt Benckiser Group stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of GBX 4,479 ($56.26), for a total transaction of £463,307.76 ($581,971.81).

Reckitt Benckiser Group Price Performance

Shares of RKT stock opened at GBX 4,476 ($56.22) on Friday. The stock has a 50 day moving average price of GBX 4,591.06 and a 200 day moving average price of GBX 5,227.62. Reckitt Benckiser Group plc has a 52-week low of GBX 4,102.64 ($51.53) and a 52-week high of GBX 6,570 ($82.53). The company has a debt-to-equity ratio of 100.80, a quick ratio of 0.46 and a current ratio of 0.64. The firm has a market capitalization of £31.71 billion, a P/E ratio of 1,971.81, a P/E/G ratio of 3.76 and a beta of 0.07.

Reckitt Benckiser Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, May 24th. Shareholders of record on Thursday, April 11th will be paid a GBX 115.90 ($1.46) dividend. This is a positive change from Reckitt Benckiser Group’s previous dividend of $76.60. The ex-dividend date is Thursday, April 11th. This represents a yield of 1.99%. Reckitt Benckiser Group’s dividend payout ratio (DPR) is presently 8,502.20%.

Analysts Set New Price Targets

Separately, HSBC reissued a “hold” rating on shares of Reckitt Benckiser Group in a research note on Thursday, April 18th.

About Reckitt Benckiser Group

Reckitt Benckiser Group plc manufactures and sells health, hygiene, and nutrition products worldwide. It offers acne treatment creams, facial washes, and cleansing pads; germ protection products; condoms; heartburn and indigestion solutions; joints health products; chest congestion, cough, and sinus remedies; brain health products; migraine-headaches and rheumatic pain products; sore throat medications; and hair removal products under the Airborne, Clearasil, Dettol, Durex, Gaviscon, Move Free, Neuriva, Nurofen, Mucinex, Strepsils, and Veet brands.