Coastline Trust Co Lowers stake in Procter & Gamble Co (PG)

Procter & Gamble Co (PG) : Coastline Trust Co reduced its stake in Procter & Gamble Co by 0.29% during the most recent quarter end. The investment management company now holds a total of 59,982 shares of Procter & Gamble Co which is valued at $4,936,519 after selling 175 shares in Procter & Gamble Co , the firm said in a disclosure report filed with the SEC on Apr 15, 2016.Procter & Gamble Co makes up approximately 1.04% of Coastline Trust Co’s portfolio.

Procter & Gamble Co closed down -0.75 points or -0.92% at $80.8 with 88,02,123 shares getting traded on Wednesday. Post opening the session at $81.04, the shares hit an intraday low of $80.55 and an intraday high of $81.31 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , 1st Global Advisors sold out all of its stake in PG during the most recent quarter. The investment firm sold 2,886 shares of PG which is valued $237,518. Maple Securities Usa Inc sold out all of its stake in PG during the most recent quarter. The investment firm sold 37,094 shares of PG which is valued $3,052,836.Exchange Capital Management reduced its stake in PG by selling 79 shares or 0.17% in the most recent quarter. The Hedge Fund company now holds 47,032 shares of PG which is valued at $3,870,734. Procter & Gamble Co makes up approx 1.65% of Exchange Capital Management’s portfolio.Weaver C. Barksdale Associates boosted its stake in PG in the latest quarter, The investment management firm added 958 additional shares and now holds a total of 10,160 shares of Procter & Gamble Co which is valued at $840,537. Procter & Gamble Co makes up approx 0.63% of Weaver C. Barksdale Associates’s portfolio.

On the company’s financial health, Procter & Gamble Co reported $1.04 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Jan 26, 2016. Analyst had a consensus of $0.98. The company had revenue of $16915.00 million for the quarter, compared to analysts expectations of $16940.63 million. The company’s revenue was down -8.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.06 EPS.

Many Wall Street Analysts have commented on Procter & Gamble Co. 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. Company shares were Reiterated by UBS on Jan 27, 2016 to “Neutral”, Firm has raised the Price Target to $ 84 from a previous price target of $80 .

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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