Horrell Capital Management Lowers stake in Procter & Gamble Co (PG)

Procter & Gamble Co (PG) : Horrell Capital Management reduced its stake in Procter & Gamble Co by 11.52% during the most recent quarter end. The investment management company now holds a total of 768 shares of Procter & Gamble Co which is valued at $62,170 after selling 100 shares in Procter & Gamble Co , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Procter & Gamble Co makes up approximately 0.04% of Horrell Capital Management’s portfolio.

Procter & Gamble Co opened for trading at $79.47 and hit $80.15 on the upside on Wednesday, eventually ending the session at $79.89, with a gain of 0.43% or 0.34 points. The heightened volatility saw the trading volume jump to 76,89,688 shares. Company has a market cap of $216,068 M.

Other Hedge Funds, Including , Strs Ohio sold out all of its stake in PG during the most recent quarter. The investment firm sold 3,130,320 shares of PG which is valued $253,399,404.Marathon Asset Management Llp reduced its stake in PG by selling 59,929 shares or 2.89% in the most recent quarter. The Hedge Fund company now holds 2,012,776 shares of PG which is valued at $162,934,217. Procter & Gamble Co makes up approx 3.53% of Marathon Asset Management Llp’s portfolio. First Western Capital Management Co sold out all of its stake in PG during the most recent quarter. The investment firm sold 3,536 shares of PG which is valued $286,239.Coastline Trust Co reduced its stake in PG by selling 175 shares or 0.29% in the most recent quarter. The Hedge Fund company now holds 59,982 shares of PG which is valued at $4,936,519. Procter & Gamble Co makes up approx 1.04% of Coastline Trust Co’s portfolio.British Columbia Investment Management Corp boosted its stake in PG in the latest quarter, The investment management firm added 121,407 additional shares and now holds a total of 1,636,702 shares of Procter & Gamble Co which is valued at $135,404,356. Procter & Gamble Co makes up approx 1.28% of British Columbia Investment Management Corp’s portfolio.

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. 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 .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.

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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