Procter & Gamble Co (PG) : Somerville Kurt F reduced its stake in Procter & Gamble Co by 1.01% during the most recent quarter end. The investment management company now holds a total of 188,043 shares of Procter & Gamble Co which is valued at $15.3 Million after selling 1,910 shares in Procter & Gamble Co , the firm said in a disclosure report filed with the SEC on May 27, 2016.Procter & Gamble Co makes up approximately 3.49% of Somerville Kurt F’s portfolio.
Other Hedge Funds, Including , Broderick Brian C boosted its stake in PG in the latest quarter, The investment management firm added 5,232 additional shares and now holds a total of 121,739 shares of Procter & Gamble Co which is valued at $9.9 Million. Procter & Gamble Co makes up approx 4.26% of Broderick Brian C’s portfolio.Financial Advisory Group reduced its stake in PG by selling 355 shares or 4.75% in the most recent quarter. The Hedge Fund company now holds 7,124 shares of PG which is valued at $578,683. Procter & Gamble Co makes up approx 0.28% of Financial Advisory Group’s portfolio. Cibc World Markets Corp sold out all of its stake in PG during the most recent quarter. The investment firm sold 45,863 shares of PG which is valued $3.7 Million.Employees Retirement System Of Texas boosted its stake in PG in the latest quarter, The investment management firm added 3,000 additional shares and now holds a total of 591,100 shares of Procter & Gamble Co which is valued at $48 Million. Procter & Gamble Co makes up approx 0.67% of Employees Retirement System Of Texas’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.