Parsons Capital Management Incri buys $10,780,627 stake in Procter & Gamble Co (PG)

Procter & Gamble Co (PG) : Parsons Capital Management Incri scooped up 2,894 additional shares in Procter & Gamble Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 26, 2016. The investment management firm now holds a total of 134,556 shares of Procter & Gamble Co which is valued at $10,780,627.Procter & Gamble Co makes up approximately 1.47% of Parsons Capital Management Incri’s portfolio.

Procter & Gamble Co opened for trading at $80.02 and hit $81.3 on the upside on Monday, eventually ending the session at $80.97, with a gain of 1.06% or 0.85 points. The heightened volatility saw the trading volume jump to 78,62,625 shares. Company has a market cap of $215,530 M.

Other Hedge Funds, Including , Sonata Capital Group Inc reduced its stake in PG by selling 500 shares or 6.1% in the most recent quarter. The Hedge Fund company now holds 7,691 shares of PG which is valued at $616,203. Procter & Gamble Co makes up approx 0.53% of Sonata Capital Group Inc’s portfolio.Quotient Investors reduced its stake in PG by selling 10,786 shares or 23.85% in the most recent quarter. The Hedge Fund company now holds 34,437 shares of PG which is valued at $2,834,165. Procter & Gamble Co makes up approx 1.03% of Quotient Investors’s portfolio.Stewart Patten Co reduced its stake in PG by selling 2,839 shares or 0.91% in the most recent quarter. The Hedge Fund company now holds 308,013 shares of PG which is valued at $25,349,470. Procter & Gamble Co makes up approx 5.06% of Stewart Patten Co’s portfolio.Atlas Browninc. reduced its stake in PG by selling 1,130 shares or 3.24% in the most recent quarter. The Hedge Fund company now holds 33,783 shares of PG which is valued at $2,780,341. Procter & Gamble Co makes up approx 1.18% of Atlas Browninc.’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.

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