Investment Management Of Virginia Lowers stake in Procter & Gamble Co (PG)

Procter & Gamble Co (PG) : Investment Management Of Virginia reduced its stake in Procter & Gamble Co by 25.26% during the most recent quarter end. The investment management company now holds a total of 39,786 shares of Procter & Gamble Co which is valued at $3,510,717 after selling 13,443 shares in Procter & Gamble Co , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.Procter & Gamble Co makes up approximately 0.89% of Investment Management Of Virginia’s portfolio.

Other Hedge Funds, Including , Atria Investments boosted its stake in PG in the latest quarter, The investment management firm added 5,280 additional shares and now holds a total of 36,971 shares of Procter & Gamble Co which is valued at $3,273,412. Procter & Gamble Co makes up approx 0.31% of Atria Investments’s portfolio.Beacon Capital Management boosted its stake in PG in the latest quarter, The investment management firm added 10,844 additional shares and now holds a total of 11,000 shares of Procter & Gamble Co which is valued at $979,660. Procter & Gamble Co makes up approx 0.06% of Beacon Capital Management’s portfolio.Reilly Herbert Faulkner Iii boosted its stake in PG in the latest quarter, The investment management firm added 545 additional shares and now holds a total of 50,938 shares of Procter & Gamble Co which is valued at $4,536,538. Procter & Gamble Co makes up approx 3.41% of Reilly Herbert Faulkner Iii’s portfolio.

Procter & Gamble Co closed down -0.52 points or -0.58% at $88.54 with 1,17,23,100 shares getting traded on Tuesday. Post opening the session at $88.83, the shares hit an intraday low of $88.2 and an intraday high of $89.12 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. Procter & Gamble Co was Upgraded by Argus to ” Buy” on Oct 12, 2016. 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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