Puzo Michael J buys $4.7 Million stake in Procter & Gamble Co (PG)

Procter & Gamble Co (PG) : Puzo Michael J scooped up 2,595 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 27, 2016. The investment management firm now holds a total of 58,158 shares of Procter & Gamble Co which is valued at $4.7 Million.Procter & Gamble Co makes up approximately 3.14% of Puzo Michael J’s portfolio.

Other Hedge Funds, Including , Delaney Dennis R boosted its stake in PG in the latest quarter, The investment management firm added 10 additional shares and now holds a total of 32,815 shares of Procter & Gamble Co which is valued at $2.7 Million. Procter & Gamble Co makes up approx 5.75% of Delaney Dennis R’s portfolio. Marathon Trading Investment Management added PG to its portfolio by purchasing 3,000 company shares during the most recent quarter which is valued at $243,690. Procter & Gamble Co makes up approx 0.28% of Marathon Trading Investment Management’s portfolio.Marathon Capital Management reduced its stake in PG by selling 450 shares or 2.69% in the most recent quarter. The Hedge Fund company now holds 16,308 shares of PG which is valued at $1.3 Million. Procter & Gamble Co makes up approx 0.68% of Marathon Capital Management’s portfolio.Meridian Investment Counsel reduced its stake in PG by selling 144 shares or 2.24% in the most recent quarter. The Hedge Fund company now holds 6,279 shares of PG which is valued at $510,043. Procter & Gamble Co makes up approx 0.36% of Meridian Investment Counsel’s portfolio.Kempen Capital Management N.v. reduced its stake in PG by selling 23,900 shares or 7.88% in the most recent quarter. The Hedge Fund company now holds 279,350 shares of PG which is valued at $22.7 Million. Procter & Gamble Co makes up approx 2.65% of Kempen Capital Management N.v.’s portfolio.

Procter & Gamble Co closed down -0.45 points or -0.54% at $82.32 with 63,27,475 shares getting traded on Tuesday. Post opening the session at $82.76, the shares hit an intraday low of $82.25 and an intraday high of $82.89 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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 .

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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