Stewart Patten Co Lowers stake in Procter & Gamble Co (PG)

Procter & Gamble Co (PG) : Stewart Patten Co reduced its stake in Procter & Gamble Co by 0.91% during the most recent quarter end. The investment management company now holds a total of 308,013 shares of Procter & Gamble Co which is valued at $25,349,470 after selling 2,839 shares in Procter & Gamble Co , the firm said in a disclosure report filed with the SEC on Apr 12, 2016.Procter & Gamble Co makes up approximately 5.06% of Stewart Patten Co’s portfolio.

Procter & Gamble Co opened for trading at $82.05 and hit $82.43 on the upside on Friday, eventually ending the session at $82.3, with a gain of 0.35% or 0.29 points. The heightened volatility saw the trading volume jump to 72,99,299 shares. Company has a market cap of $222,586 M.

Other Hedge Funds, Including , Gofen Glossberg Il boosted its stake in PG in the latest quarter, The investment management firm added 9,220 additional shares and now holds a total of 824,277 shares of Procter & Gamble Co which is valued at $67,837,997. Procter & Gamble Co makes up approx 2.86% of Gofen Glossberg Il’s portfolio.Chevy Chase Trust Holdings reduced its stake in PG by selling 8,254 shares or 0.35% in the most recent quarter. The Hedge Fund company now holds 2,359,073 shares of PG which is valued at $195,166,109. Procter & Gamble Co makes up approx 1.13% of Chevy Chase Trust Holdings’s portfolio.Chelsea Counsel Co reduced its stake in PG by selling 5,279 shares or 6.4% in the most recent quarter. The Hedge Fund company now holds 77,224 shares of PG which is valued at $6,388,742. Procter & Gamble Co makes up approx 1.85% of Chelsea Counsel Co’s portfolio.Academy Capital Management Inctx reduced its stake in PG by selling 188,848 shares or 83.77% in the most recent quarter. The Hedge Fund company now holds 36,586 shares of PG which is valued at $3,026,760. Procter & Gamble Co makes up approx 0.74% of Academy Capital Management Inctx’s portfolio.Private Asset Management Inc reduced its stake in PG by selling 240 shares or 0.31% in the most recent quarter. The Hedge Fund company now holds 77,721 shares of PG which is valued at $6,429,858. Procter & Gamble Co makes up approx 1.17% of Private Asset Management Inc’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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