Procter & Gamble Co (PG) : Shikiar Asset Management Inc added new position in Procter & Gamble Co during the most recent quarter end. The investment management firm now holds 2,980 shares of Procter & Gamble Co which is valued at $241,231 , the company said in a statement filed on Apr 21, 2016 with the SEC.Procter & Gamble Co makes up approximately 0.11% of Shikiar Asset Management Inc’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 , Mechanics Bank Trust Department boosted its stake in PG in the latest quarter, The investment management firm added 1,696 additional shares and now holds a total of 45,593 shares of Procter & Gamble Co which is valued at $3,690,753. Procter & Gamble Co makes up approx 1.42% of Mechanics Bank Trust Department’s portfolio.Murphy Pohlad Asset Management reduced its stake in PG by selling 380 shares or 0.94% in the most recent quarter. The Hedge Fund company now holds 40,043 shares of PG which is valued at $3,241,481. Procter & Gamble Co makes up approx 2.39% of Murphy Pohlad Asset Management’s portfolio.Blue Fin Capital reduced its stake in PG by selling 2,183 shares or 14.37% in the most recent quarter. The Hedge Fund company now holds 13,009 shares of PG which is valued at $1,070,641. Procter & Gamble Co makes up approx 0.90% of Blue Fin Capital’s portfolio.Iron Financial boosted its stake in PG in the latest quarter, The investment management firm added 87 additional shares and now holds a total of 4,308 shares of Procter & Gamble Co which is valued at $354,548. Procter & Gamble Co makes up approx 0.49% of Iron Financial’s portfolio.Edge Wealth Management reduced its stake in PG by selling 4,515 shares or 5.3% in the most recent quarter. The Hedge Fund company now holds 80,689 shares of PG which is valued at $6,675,401. Procter & Gamble Co makes up approx 3.04% of Edge Wealth Management’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.