Procter & Gamble Co (PG) : Gamble Jones Investment Counsel reduced its stake in Procter & Gamble Co by 0.15% during the most recent quarter end. The investment management company now holds a total of 3,054,936 shares of Procter & Gamble Co which is valued at $250,901,894 after selling 4,544 shares in Procter & Gamble Co , the firm said in a disclosure report filed with the SEC on May 2, 2016.Procter & Gamble Co makes up approximately 27.89% of Gamble Jones Investment Counsel’s portfolio.
Procter & Gamble Co opened for trading at $81.42 and hit $82.25 on the upside on Friday, eventually ending the session at $82.13, with a gain of 1.02% or 0.83 points. The heightened volatility saw the trading volume jump to 62,97,747 shares. Company has a market cap of $218,618 M.
Other Hedge Funds, Including , Dynamic Advisors Solutions reduced its stake in PG by selling 184 shares or 0.48% in the most recent quarter. The Hedge Fund company now holds 38,240 shares of PG which is valued at $3,140,651. Procter & Gamble Co makes up approx 1.34% of Dynamic Advisors Solutions’s portfolio.Argyle Capital Management reduced its stake in PG by selling 350 shares or 1.09% in the most recent quarter. The Hedge Fund company now holds 31,663 shares of PG which is valued at $2,536,840. Procter & Gamble Co makes up approx 1.14% of Argyle Capital Management’s portfolio.Huntington National Bank boosted its stake in PG in the latest quarter, The investment management firm added 185,211 additional shares and now holds a total of 847,741 shares of Procter & Gamble Co which is valued at $67,921,009. Procter & Gamble Co makes up approx 1.72% of Huntington National Bank’s portfolio.Delta Asset Managementtn reduced its stake in PG by selling 1,682 shares or 0.62% in the most recent quarter. The Hedge Fund company now holds 267,749 shares of PG which is valued at $21,452,050. Procter & Gamble Co makes up approx 3.77% of Delta Asset Managementtn’s portfolio.Bristol John W Co Inc Ny reduced its stake in PG by selling 234,554 shares or 48.96% in the most recent quarter. The Hedge Fund company now holds 244,503 shares of PG which is valued at $19,792,518. Procter & Gamble Co makes up approx 0.52% of Bristol John W Co Inc Ny’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.