Beacon Financial Group Lowers stake in Procter & Gamble Co (PG)

Procter & Gamble Co (PG) : Beacon Financial Group reduced its stake in Procter & Gamble Co by 0.49% during the most recent quarter end. The investment management company now holds a total of 115,070 shares of Procter & Gamble Co which is valued at $9.6 Million after selling 565 shares in Procter & Gamble Co according to a report filed by the company on Apr 1, 2016 with the SEC.Procter & Gamble Co makes up approximately 2.08% of Beacon Financial Group’s portfolio.

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On the company’s financial health, Procter & Gamble Co reported $1.04 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Jan 26, 2016. Analyst had a consensus of $0.98. The company had revenue of $16915.00 million for the quarter, compared to analysts expectations of $16940.63 million. The company’s revenue was down -8.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.06 EPS.

Many Wall Street Analysts have commented on Procter & Gamble Co. Shares were Reiterated by B. Riley & Co. on Mar 30, 2016 to “Neutral” and Lowered the Price Target to $ 74 from a previous price target of $81 .Procter & Gamble Co was Upgraded by Sterne Agee CRT to ” Buy” on Feb 16, 2016. Company shares were Reiterated by UBS on Jan 27, 2016 to “Neutral”, Firm has raised the Price Target to $ 84 from a previous price target of $80 .

Procter & Gamble Co closed down -0.47 points or -0.56% at $82.73 with 70,81,525 shares getting traded on Monday. Post opening the session at $83.03, the shares hit an intraday low of $82.66 and an intraday high of $83.34 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

The Procter & Gamble Company (P&G) provides consumer packaged goods. The Company operates in five segments under GBUs: Beauty which offers a range of products ranging from deodorants to cosmetics to skin care; Grooming which includes blades razors and electronic hair removal devices such as electric razors and epilators; Health Care which includes oral care and personal health care products.; Fabric Care and Home Care which consists of a range of fabric care products home care products and batteries and Baby Feminine and Family Care which offers diapers pants baby wipe Bounty paper towel and Charmin toilet paper brands. The Company’s products are sold in over 180 countries and territories. P&G’s customers include mass merchandisers grocery stores membership club stores drug stores department stores salons distributors e-commerce and stores.

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