Sandy Spring Bank Lowers stake in Procter & Gamble Co (PG)

Procter & Gamble Co (PG) : Sandy Spring Bank reduced its stake in Procter & Gamble Co by 7.82% during the most recent quarter end. The investment management company now holds a total of 105,383 shares of Procter & Gamble Co which is valued at $9,037,646 after selling 8,936 shares in Procter & Gamble Co , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Procter & Gamble Co makes up approximately 1.00% of Sandy Spring Bank’s portfolio.

Other Hedge Funds, Including , Wesbanco Bank Inc reduced its stake in PG by selling 9,276 shares or 2.99% in the most recent quarter. The Hedge Fund company now holds 301,265 shares of PG which is valued at $26,128,713. Procter & Gamble Co makes up approx 1.51% of Wesbanco Bank Inc’s portfolio.Kornitzer Capital Management Inc Ks reduced its stake in PG by selling 6,063 shares or 0.7% in the most recent quarter. The Hedge Fund company now holds 861,264 shares of PG which is valued at $73,715,586. Procter & Gamble Co makes up approx 1.33% of Kornitzer Capital Management Inc Ks’s portfolio.Agran Libbie reduced its stake in PG by selling 1,771 shares or 2.08% in the most recent quarter. The Hedge Fund company now holds 83,252 shares of PG which is valued at $7,031,464. Procter & Gamble Co makes up approx 1.70% of Agran Libbie’s portfolio.Livingston Group Asset Management Co (operating As Southp… reduced its stake in PG by selling 185 shares or 0.59% in the most recent quarter. The Hedge Fund company now holds 31,228 shares of PG which is valued at $2,637,517. Procter & Gamble Co makes up approx 1.43% of Livingston Group Asset Management Co (operating As Southp…’s portfolio.Oakbrook Investments boosted its stake in PG in the latest quarter, The investment management firm added 117,440 additional shares and now holds a total of 503,555 shares of Procter & Gamble Co which is valued at $43,164,735. Procter & Gamble Co makes up approx 2.31% of Oakbrook Investments’s portfolio.

Procter & Gamble Co opened for trading at $86.45 and hit $87.11 on the upside on Wednesday, eventually ending the session at $86.96, with a gain of 0.44% or 0.38 points. The heightened volatility saw the trading volume jump to 67,62,059 shares. Company has a market cap of $232,075 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 Upgraded by B. Riley & Co. on Aug 15, 2016 to ” Buy”, Firm has raised the Price Target to $ 105 from a previous price target of $74 .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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