Independent Portfolio Consultants buys $2,186,135 stake in Procter & Gamble Co (PG)

Procter & Gamble Co (PG) : Independent Portfolio Consultants scooped up 2,710 additional shares in Procter & Gamble Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 13, 2016. The investment management firm now holds a total of 26,563 shares of Procter & Gamble Co which is valued at $2,186,135.Procter & Gamble Co makes up approximately 0.60% of Independent Portfolio Consultants’s portfolio.

Procter & Gamble Co opened for trading at $82.29 and hit $82.99 on the upside on Monday, eventually ending the session at $82.83, with a gain of 0.64% or 0.53 points. The heightened volatility saw the trading volume jump to 56,28,014 shares. Company has a market cap of $224,019 M.

Other Hedge Funds, Including , Gradient Investments boosted its stake in PG in the latest quarter, The investment management firm added 270 additional shares and now holds a total of 2,483 shares of Procter & Gamble Co which is valued at $204,351. Procter & Gamble Co makes up approx 0.03% of Gradient Investments’s portfolio.Exxonmobil Investment Management Inc Tx boosted its stake in PG in the latest quarter, The investment management firm added 36,041 additional shares and now holds a total of 645,835 shares of Procter & Gamble Co which is valued at $53,152,221. Procter & Gamble Co makes up approx 1.20% of Exxonmobil Investment Management Inc Tx’s portfolio.Partnerre Asset Management Corp reduced its stake in PG by selling 400 shares or 2.18% in the most recent quarter. The Hedge Fund company now holds 17,946 shares of PG which is valued at $1,484,673. Procter & Gamble Co makes up approx 0.79% of Partnerre Asset Management Corp’s portfolio.Burns J W Co Incny reduced its stake in PG by selling 645 shares or 0.72% in the most recent quarter. The Hedge Fund company now holds 88,353 shares of PG which is valued at $7,309,444. Procter & Gamble Co makes up approx 2.33% of Burns J W Co Incny’s portfolio.Keystone Financial Planning reduced its stake in PG by selling 37,383 shares or 50.04% in the most recent quarter. The Hedge Fund company now holds 37,325 shares of PG which is valued at $3,087,897. Procter & Gamble Co makes up approx 2.21% of Keystone Financial Planning’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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