Academy Capital Management Inctx Exits Position in Procter & Gamble Co (PG)

Procter & Gamble Co (PG) : Academy Capital Management Inctx has sold out all of its stake in Procter & Gamble Co during the most recent quarter, according to the disclosure filed by the company on Oct 7, 2016 with the SEC. The investment management company has sold out 35,394 shares of Procter & Gamble Co which is valued at $3,185,460.

Other Hedge Funds, Including , First Mercantile Trust Co reduced its stake in PG by selling 3,629 shares or 6.35% in the most recent quarter. The Hedge Fund company now holds 53,526 shares of PG which is valued at $4,817,340. Procter & Gamble Co makes up approx 0.65% of First Mercantile Trust Co’s portfolio. Independence Advisors added PG to its portfolio by purchasing 2,695 company shares during the most recent quarter which is valued at $242,550. Procter & Gamble Co makes up approx 0.12% of Independence Advisors’s portfolio.Stillwater Investment Management boosted its stake in PG in the latest quarter, The investment management firm added 459 additional shares and now holds a total of 23,701 shares of Procter & Gamble Co which is valued at $2,105,834. Procter & Gamble Co makes up approx 1.14% of Stillwater Investment Management’s portfolio.Chevy Chase Trust Holdings reduced its stake in PG by selling 50,444 shares or 2.11% in the most recent quarter. The Hedge Fund company now holds 2,337,260 shares of PG which is valued at $207,665,551. Procter & Gamble Co makes up approx 1.14% of Chevy Chase Trust Holdings’s portfolio.Lvm Capital Management Ltdmi reduced its stake in PG by selling 400 shares or 1.82% in the most recent quarter. The Hedge Fund company now holds 21,635 shares of PG which is valued at $1,922,270. Procter & Gamble Co makes up approx 0.61% of Lvm Capital Management Ltdmi’s portfolio.

Procter & Gamble Co opened for trading at $89.01 and hit $90.05 on the upside on Friday, eventually ending the session at $90, with a gain of 0.87% or 0.78 points. The heightened volatility saw the trading volume jump to 2,05,18,765 shares. Company has a market cap of $240,188 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 .

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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