Essex Financial Services Lowers stake in Procter & Gamble Co (PG)

Procter & Gamble Co (PG) : Essex Financial Services reduced its stake in Procter & Gamble Co by 0.83% during the most recent quarter end. The investment management company now holds a total of 91,795 shares of Procter & Gamble Co which is valued at $7.5 Million after selling 769 shares in Procter & Gamble Co , the firm said in a disclosure report filed with the SEC on May 11, 2016.Procter & Gamble Co makes up approximately 1.83% of Essex Financial Services’s portfolio.

Other Hedge Funds, Including , Eidelman Virant Capital reduced its stake in PG by selling 21,400 shares or 63.68% in the most recent quarter. The Hedge Fund company now holds 12,207 shares of PG which is valued at $991,575. Procter & Gamble Co makes up approx 0.70% of Eidelman Virant Capital’s portfolio.Schroder Investment Management Group boosted its stake in PG in the latest quarter, The investment management firm added 130,069 additional shares and now holds a total of 2,893,364 shares of Procter & Gamble Co which is valued at $235 Million. Procter & Gamble Co makes up approx 0.50% of Schroder Investment Management Group’s portfolio.Hallmark Capital Management Inc boosted its stake in PG in the latest quarter, The investment management firm added 1,177 additional shares and now holds a total of 19,002 shares of Procter & Gamble Co which is valued at $1.6 Million. Procter & Gamble Co makes up approx 0.26% of Hallmark Capital Management Inc’s portfolio.Ironsides Asset Advisors boosted its stake in PG in the latest quarter, The investment management firm added 12,769 additional shares and now holds a total of 20,245 shares of Procter & Gamble Co which is valued at $1.7 Million. Procter & Gamble Co makes up approx 0.16% of Ironsides Asset Advisors’s portfolio.Rhumbline Advisers boosted its stake in PG in the latest quarter, The investment management firm added 151,366 additional shares and now holds a total of 3,986,192 shares of Procter & Gamble Co which is valued at $327.4 Million. Procter & Gamble Co makes up approx 1.02% of Rhumbline Advisers’s portfolio.

Procter & Gamble Co opened for trading at $81.01 and hit $81.89 on the upside on Monday, eventually ending the session at $81.63, with a gain of 0.49% or 0.4 points. The heightened volatility saw the trading volume jump to 64,97,236 shares. Company has a market cap of $217,287 M.

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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