Firstmerit Bank N A Trustee Lowers stake in Procter & Gamble Co (PG)

Procter & Gamble Co (PG) : Firstmerit Bank N A Trustee reduced its stake in Procter & Gamble Co by 0.46% during the most recent quarter end. The investment management company now holds a total of 236,501 shares of Procter & Gamble Co which is valued at $19,144,756 after selling 1,081 shares in Procter & Gamble Co , the firm said in a disclosure report filed with the SEC on Apr 19, 2016.Procter & Gamble Co makes up approximately 1.56% of Firstmerit Bank N A Trustee’s portfolio.

Procter & Gamble Co opened for trading at $80.4 and hit $80.95 on the upside on Friday, eventually ending the session at $80.95, with a gain of 0.19% or 0.15 points. The heightened volatility saw the trading volume jump to 80,27,651 shares. Company has a market cap of $218,935 M.

Other Hedge Funds, Including , Dearborn Partners reduced its stake in PG by selling 3,050 shares or 3.31% in the most recent quarter. The Hedge Fund company now holds 89,024 shares of PG which is valued at $7,206,493. Procter & Gamble Co makes up approx 0.67% of Dearborn Partners’s portfolio. Anderson Hoagland Co added PG to its portfolio by purchasing 40,500 company shares during the most recent quarter which is valued at $3,278,475. Procter & Gamble Co makes up approx 2.06% of Anderson Hoagland Co’s portfolio.Quality Growth Management reduced its stake in PG by selling 225 shares or 2.98% in the most recent quarter. The Hedge Fund company now holds 7,334 shares of PG which is valued at $603,588. Procter & Gamble Co makes up approx 0.67% of Quality Growth Management’s portfolio. Churchill Management Corp added PG to its portfolio by purchasing 2,748 company shares during the most recent quarter which is valued at $226,160. Procter & Gamble Co makes up approx 0.02% of Churchill Management Corp’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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