Keybank National Associationoh buys $146 Million stake in Procter & Gamble Co (PG)

Procter & Gamble Co (PG) : Keybank National Associationoh scooped up 717 additional shares in Procter & Gamble Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 1,797,925 shares of Procter & Gamble Co which is valued at $146 Million.Procter & Gamble Co makes up approximately 0.97% of Keybank National Associationoh’s portfolio.

Other Hedge Funds, Including , Blackrock Institutional Trust Company N.a. reduced its stake in PG by selling 257,215 shares or 0.36% in the most recent quarter. The Hedge Fund company now holds 70,722,281 shares of PG which is valued at $5,744.8 Million. Procter & Gamble Co makes up approx 0.96% of Blackrock Institutional Trust Company N.a.’s portfolio.Sterling Investment Management reduced its stake in PG by selling 929 shares or 26.29% in the most recent quarter. The Hedge Fund company now holds 2,604 shares of PG which is valued at $213,867. Procter & Gamble Co makes up approx 0.29% of Sterling Investment Management’s portfolio.Lehman Financial Resources reduced its stake in PG by selling 1,200 shares or 14.29% in the most recent quarter. The Hedge Fund company now holds 7,200 shares of PG which is valued at $591,336. Procter & Gamble Co makes up approx 0.31% of Lehman Financial Resources’s portfolio.Compass Capital Management Inc reduced its stake in PG by selling 2,796 shares or 1.26% in the most recent quarter. The Hedge Fund company now holds 218,851 shares of PG which is valued at $18 Million. Procter & Gamble Co makes up approx 3.56% of Compass Capital Management Inc’s portfolio.

Procter & Gamble Co opened for trading at $81.01 and hit $81.89 on the upside on Monday, eventually ending the session at $81.63, with a gain of 0.49% or 0.4 points. The heightened volatility saw the trading volume jump to 64,97,236 shares. Company has a market cap of $217,287 M.

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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