Procter & Gamble Co (PG) : Old Mutual Customised Solutions (proprietary) Ltd reduced its stake in Procter & Gamble Co by 9.74% during the most recent quarter end. The investment management company now holds a total of 63,000 shares of Procter & Gamble Co which is valued at $5,117,490 after selling 6,800 shares in Procter & Gamble Co , the firm said in a disclosure report filed with the SEC on May 9, 2016.Procter & Gamble Co makes up approximately 1.33% of Old Mutual Customised Solutions (proprietary) Ltd’s portfolio.
Other Hedge Funds, Including , Personal Capital Advisors Corp boosted its stake in PG in the latest quarter, The investment management firm added 24,119 additional shares and now holds a total of 198,475 shares of Procter & Gamble Co which is valued at $16,122,124. Procter & Gamble Co makes up approx 0.74% of Personal Capital Advisors Corp’s portfolio.Pictet Bank Trust Ltd reduced its stake in PG by selling 24,310 shares or 27.36% in the most recent quarter. The Hedge Fund company now holds 64,556 shares of PG which is valued at $5,301,984. Procter & Gamble Co makes up approx 1.96% of Pictet Bank Trust Ltd’s portfolio.Montecito Bank Trust reduced its stake in PG by selling 85 shares or 0.57% in the most recent quarter. The Hedge Fund company now holds 14,840 shares of PG which is valued at $1,218,809. Procter & Gamble Co makes up approx 0.55% of Montecito Bank Trust’s portfolio.Northstar Investment Advisors boosted its stake in PG in the latest quarter, The investment management firm added 5,659 additional shares and now holds a total of 93,683 shares of Procter & Gamble Co which is valued at $7,694,185. Procter & Gamble Co makes up approx 1.89% of Northstar Investment Advisors’s portfolio.
Procter & Gamble Co closed down -1.18 points or -1.43% at $81.23 with 65,78,964 shares getting traded on Friday. Post opening the session at $82.42, the shares hit an intraday low of $81 and an intraday high of $82.42 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
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.