Beacon Financial Group buys $10,321,971 stake in Procter & Gamble Co (PG)

Procter & Gamble Co (PG) : Beacon Financial Group scooped up 1,626 additional shares in Procter & Gamble Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 3, 2016. The investment management firm now holds a total of 116,173 shares of Procter & Gamble Co which is valued at $10,321,971.Procter & Gamble Co makes up approximately 2.17% of Beacon Financial Group’s portfolio.

Other Hedge Funds, Including , Lau Associates reduced its stake in PG by selling 230 shares or 0.67% in the most recent quarter. The Hedge Fund company now holds 33,880 shares of PG which is valued at $3,010,238. Procter & Gamble Co makes up approx 3.07% of Lau Associates’s portfolio.

Procter & Gamble Co closed down -0.31 points or -0.35% at $88.35 with 2,33,17,644 shares getting traded on Tuesday. Post opening the session at $88.29, the shares hit an intraday low of $87.95 and an intraday high of $88.68 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 $0.79 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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