United Services Automobile Association Lowers stake in Procter & Gamble Co (PG)

Procter & Gamble Co (PG) : United Services Automobile Association reduced its stake in Procter & Gamble Co by 3.53% during the most recent quarter end. The investment management company now holds a total of 2,697,633 shares of Procter & Gamble Co which is valued at $234,801,976 after selling 98,709 shares in Procter & Gamble Co , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Procter & Gamble Co makes up approximately 0.80% of United Services Automobile Association’s portfolio.

Other Hedge Funds, Including , Canada Pension Plan Investment Board boosted its stake in PG in the latest quarter, The investment management firm added 935,640 additional shares and now holds a total of 3,598,685 shares of Procter & Gamble Co which is valued at $313,229,542. Procter & Gamble Co makes up approx 1.20% of Canada Pension Plan Investment Board’s portfolio.Twin Capital Management Inc reduced its stake in PG by selling 2,500 shares or 1.34% in the most recent quarter. The Hedge Fund company now holds 184,565 shares of PG which is valued at $16,007,322. Procter & Gamble Co makes up approx 1.16% of Twin Capital Management Inc’s portfolio.Hemenway Trust Co boosted its stake in PG in the latest quarter, The investment management firm added 2,100 additional shares and now holds a total of 129,430 shares of Procter & Gamble Co which is valued at $11,225,464. Procter & Gamble Co makes up approx 2.84% of Hemenway Trust Co’s portfolio.Evermay Wealth Management reduced its stake in PG by selling 20 shares or 0.56% in the most recent quarter. The Hedge Fund company now holds 3,557 shares of PG which is valued at $305,795. Procter & Gamble Co makes up approx 0.16% of Evermay Wealth Management’s portfolio.

Procter & Gamble Co opened for trading at $87.13 and hit $87.5 on the upside on Tuesday, eventually ending the session at $87.4, with a gain of 0.63% or 0.55 points. The heightened volatility saw the trading volume jump to 54,20,109 shares. Company has a market cap of $233,249 M.

On the company’s financial health, Procter & Gamble Co reported $0.79 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.74. The company had revenue of $16102.00 million for the quarter, compared to analysts expectations of $15831.63 million. The company’s revenue was down -2.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.00 EPS.

Many Wall Street Analysts have commented on Procter & Gamble Co. Company shares were Upgraded by B. Riley & Co. on Aug 15, 2016 to ” Buy”, Firm has raised the Price Target to $ 105 from a previous price target of $74 .Company shares were Reiterated by Stifel on Jul 22, 2016 to “Buy”, Firm has raised the Price Target to $ 92 from a previous price target of $85 .Jefferies Initiated Procter & Gamble Co on Jun 15, 2016 to “Buy”, Price Target of the shares are set at $95.

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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