Nichols Asset Management Lowers stake in Procter & Gamble Co (PG)

Procter & Gamble Co (PG) : Nichols Asset Management reduced its stake in Procter & Gamble Co by 23.81% during the most recent quarter end. The investment management company now holds a total of 3,200 shares of Procter & Gamble Co which is valued at $259,040 after selling 1,000 shares in Procter & Gamble Co , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Procter & Gamble Co makes up approximately 0.06% of Nichols Asset Management’s portfolio.

Procter & Gamble Co opened for trading at $79.47 and hit $80.15 on the upside on Wednesday, eventually ending the session at $79.89, with a gain of 0.43% or 0.34 points. The heightened volatility saw the trading volume jump to 76,89,688 shares. Company has a market cap of $216,068 M.

Other Hedge Funds, Including , Northwest Investment Counselors boosted its stake in PG in the latest quarter, The investment management firm added 1,246 additional shares and now holds a total of 25,667 shares of Procter & Gamble Co which is valued at $2,077,744. Procter & Gamble Co makes up approx 1.16% of Northwest Investment Counselors’s portfolio.Centurylink Investment Management Co reduced its stake in PG by selling 946 shares or 3.93% in the most recent quarter. The Hedge Fund company now holds 23,155 shares of PG which is valued at $1,874,397. Procter & Gamble Co makes up approx 0.67% of Centurylink Investment Management Co’s portfolio.Hutner Daniel Ellsworth boosted its stake in PG in the latest quarter, The investment management firm added 290 additional shares and now holds a total of 75,737 shares of Procter & Gamble Co which is valued at $6,130,910. Procter & Gamble Co makes up approx 5.39% of Hutner Daniel Ellsworth’s portfolio.Wagner Bowman Management Corp reduced its stake in PG by selling 562 shares or 1.26% in the most recent quarter. The Hedge Fund company now holds 43,998 shares of PG which is valued at $3,621,035. Procter & Gamble Co makes up approx 1.43% of Wagner Bowman Management Corp’s portfolio.Eagle Asset Management Inc reduced its stake in PG by selling 31,217 shares or 1.71% in the most recent quarter. The Hedge Fund company now holds 1,789,614 shares of PG which is valued at $148,054,766. Procter & Gamble Co makes up approx 1.04% of Eagle Asset Management Inc’s portfolio.

On the company’s financial health, Procter & Gamble Co reported $0.86 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.82. The company had revenue of $15755.00 million for the quarter, compared to analysts expectations of $15809.32 million. The company’s revenue was down -6.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.92 EPS.

Many Wall Street Analysts have commented on Procter & Gamble Co. Shares were Reiterated by UBS on Apr 27, 2016 to “Neutral” and Lowered the Price Target to $ 85 from a previous price target of $88 .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.

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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