Torch Wealth Management Lowers stake in Procter & Gamble Co (PG)

Procter & Gamble Co (PG) : Torch Wealth Management reduced its stake in Procter & Gamble Co by 2.3% during the most recent quarter end. The investment management company now holds a total of 136,748 shares of Procter & Gamble Co which is valued at $11,722,039 after selling 3,226 shares in Procter & Gamble Co , the firm said in a disclosure report filed with the SEC on Jul 22, 2016.Procter & Gamble Co makes up approximately 8.36% of Torch Wealth Management’s portfolio.

Other Hedge Funds, Including , Botty Investors sold out all of its stake in PG during the most recent quarter. The investment firm sold 41,516 shares of PG which is valued $3,558,752.Tiaa Cref Trust Co Fsbmo reduced its stake in PG by selling 24,753 shares or 8.19% in the most recent quarter. The Hedge Fund company now holds 277,328 shares of PG which is valued at $23,772,556. Procter & Gamble Co makes up approx 0.21% of Tiaa Cref Trust Co Fsbmo’s portfolio.St. Johns Investment Management Company reduced its stake in PG by selling 38 shares or 0.3% in the most recent quarter. The Hedge Fund company now holds 12,718 shares of PG which is valued at $1,085,100. Procter & Gamble Co makes up approx 0.95% of St. Johns Investment Management Company’s portfolio.Private Bank Trust Co boosted its stake in PG in the latest quarter, The investment management firm added 1,365 additional shares and now holds a total of 29,952 shares of Procter & Gamble Co which is valued at $2,573,775. Procter & Gamble Co makes up approx 0.39% of Private Bank Trust Co’s portfolio.Gillespie Robinson Grimm Inc reduced its stake in PG by selling 10 shares or 0.04% in the most recent quarter. The Hedge Fund company now holds 22,226 shares of PG which is valued at $1,908,991. Procter & Gamble Co makes up approx 0.30% of Gillespie Robinson Grimm Inc’s portfolio.

Procter & Gamble Co opened for trading at $84.89 and hit $85.79 on the upside on Friday, eventually ending the session at $85.59, with a gain of 0.92% or 0.78 points. The heightened volatility saw the trading volume jump to 75,20,867 shares. Company has a market cap of $227,828 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. Company shares were Reiterated by Stifel on Jul 22, 2016 to “Buy”, Firm has raised the Price Target to $ 92 from a previous price target of $85 .Jefferies Initiated Procter & Gamble Co on Jun 15, 2016 to “Buy”, Price Target of the shares are set at $95.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 .

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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