Fort Pitt Capital Group buys $1,944,899 stake in Procter & Gamble Co (PG)

Procter & Gamble Co (PG) : Fort Pitt Capital Group scooped up 1,011 additional shares in Procter & Gamble Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 22,623 shares of Procter & Gamble Co which is valued at $1,944,899.Procter & Gamble Co makes up approximately 0.23% of Fort Pitt Capital Group’s portfolio.

Other Hedge Funds, Including , Zurcher Kantonalbank (zurich Cantonalbank) boosted its stake in PG in the latest quarter, The investment management firm added 160,365 additional shares and now holds a total of 959,968 shares of Procter & Gamble Co which is valued at $82,528,449. Procter & Gamble Co makes up approx 1.05% of Zurcher Kantonalbank (zurich Cantonalbank)’s portfolio.First Midwest Bank Trust Division reduced its stake in PG by selling 1,224 shares or 1.72% in the most recent quarter. The Hedge Fund company now holds 70,106 shares of PG which is valued at $5,921,153. Procter & Gamble Co makes up approx 0.71% of First Midwest Bank Trust Division’s portfolio.K.j. Harrison Partners Inc reduced its stake in PG by selling 1,200 shares or 10.0% in the most recent quarter. The Hedge Fund company now holds 10,800 shares of PG which is valued at $912,168. Procter & Gamble Co makes up approx 0.48% of K.j. Harrison Partners Inc’s portfolio. Focused Investors sold out all of its stake in PG during the most recent quarter. The investment firm sold 582,800 shares of PG which is valued $49,957,616.First American Trust Fsb reduced its stake in PG by selling 2,361 shares or 3.09% in the most recent quarter. The Hedge Fund company now holds 74,152 shares of PG which is valued at $6,360,017. Procter & Gamble Co makes up approx 2.22% of First American Trust Fsb’s portfolio.

Procter & Gamble Co opened for trading at $86.12 and hit $86.53 on the upside on Thursday, eventually ending the session at $86.05, with a gain of 0.09% or 0.08 points. The heightened volatility saw the trading volume jump to 55,64,060 shares. Company has a market cap of $229,052 M.

On the company’s financial health, Procter & Gamble Co reported $0.79 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.74. The company had revenue of $16102.00 million for the quarter, compared to analysts expectations of $15831.63 million. The company’s revenue was down -2.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.00 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.

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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