Procter & Gamble Co (PG) : Laurel Wealth Advisors reduced its stake in Procter & Gamble Co by 0.86% during the most recent quarter end. The investment management company now holds a total of 54,965 shares of Procter & Gamble Co which is valued at $4,714,348 after selling 479 shares in Procter & Gamble Co , the firm said in a disclosure report filed with the SEC on Jul 6, 2016.Procter & Gamble Co makes up approximately 2.30% of Laurel Wealth Advisors’s portfolio.
Other Hedge Funds, Including , First Financial Bank N.a. – Trust Division boosted its stake in PG in the latest quarter, The investment management firm added 11,650 additional shares and now holds a total of 343,217 shares of Procter & Gamble Co which is valued at $29,324,460. Procter & Gamble Co makes up approx 5.68% of First Financial Bank N.a. – Trust Division’s portfolio.Boltwood Capital Management boosted its stake in PG in the latest quarter, The investment management firm added 109 additional shares and now holds a total of 31,398 shares of Procter & Gamble Co which is valued at $2,682,645. Procter & Gamble Co makes up approx 2.24% of Boltwood Capital Management’s portfolio.Stock Yards Bank Trust Co boosted its stake in PG in the latest quarter, The investment management firm added 701 additional shares and now holds a total of 195,166 shares of Procter & Gamble Co which is valued at $16,674,983. Procter & Gamble Co makes up approx 2.22% of Stock Yards Bank Trust Co’s portfolio.Cullinan Associates Inc reduced its stake in PG by selling 3,941 shares or 1.11% in the most recent quarter. The Hedge Fund company now holds 349,734 shares of PG which is valued at $29,650,449. Procter & Gamble Co makes up approx 2.41% of Cullinan Associates Inc’s portfolio.
Procter & Gamble Co closed down -0.02 points or -0.02% at $85.75 with 61,56,824 shares getting traded on Monday. Post opening the session at $85.61, the shares hit an intraday low of $84.91 and an intraday high of $85.95 and the price fluctuated in this range throughout the day.Shares ended Monday 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. Jefferies Initiated Procter & Gamble Co on Jun 15, 2016 to “Buy”, Price Target of the shares are set at $95.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 .
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.