Procter & Gamble Co (PG) : Raymond James Associates scooped up 134,859 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 12, 2016. The investment management firm now holds a total of 2,771,106 shares of Procter & Gamble Co which is valued at $225.1 Million.Procter & Gamble Co makes up approximately 0.77% of Raymond James Associates’s portfolio.
Other Hedge Funds, Including , Korea Investment Corp reduced its stake in PG by selling 86,500 shares or 5.95% in the most recent quarter. The Hedge Fund company now holds 1,367,075 shares of PG which is valued at $111 Million. Procter & Gamble Co makes up approx 0.82% of Korea Investment Corp’s portfolio.Ssi Investment Management Inc boosted its stake in PG in the latest quarter, The investment management firm added 1,861 additional shares and now holds a total of 8,563 shares of Procter & Gamble Co which is valued at $695,572. Procter & Gamble Co makes up approx 0.21% of Ssi Investment Management Inc’s portfolio.Yacktman Asset Management Lp reduced its stake in PG by selling 2,413,648 shares or 11.04% in the most recent quarter. The Hedge Fund company now holds 19,444,922 shares of PG which is valued at $1,597 Million. Procter & Gamble Co makes up approx 12.34% of Yacktman Asset Management Lp’s portfolio.Gabelli Funds reduced its stake in PG by selling 11,500 shares or 2.06% in the most recent quarter. The Hedge Fund company now holds 548,000 shares of PG which is valued at $45 Million. Procter & Gamble Co makes up approx 0.27% of Gabelli Funds’s portfolio.
Procter & Gamble Co closed down -0.17 points or -0.21% at $80.02 with 65,26,805 shares getting traded on Friday. Post opening the session at $80.44, the shares hit an intraday low of $79.7901 and an intraday high of $80.5 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.