Procter & Gamble Co (PG) : Needelman Asset Management Inc reduced its stake in Procter & Gamble Co by 1.13% during the most recent quarter end. The investment management company now holds a total of 11,390 shares of Procter & Gamble Co which is valued at $1,005,054 after selling 130 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 3.10% of Needelman Asset Management Inc’s portfolio.
Other Hedge Funds, Including , Cohen Capital Management boosted its stake in PG in the latest quarter, The investment management firm added 1,390 additional shares and now holds a total of 73,764 shares of Procter & Gamble Co which is valued at $6,508,935. Procter & Gamble Co makes up approx 1.95% of Cohen Capital Management’s portfolio.Grassi Investment Management reduced its stake in PG by selling 1,399 shares or 0.76% in the most recent quarter. The Hedge Fund company now holds 183,575 shares of PG which is valued at $16,253,731. Procter & Gamble Co makes up approx 3.13% of Grassi Investment Management’s portfolio.Chicago Trust Co Na reduced its stake in PG by selling 2,867 shares or 7.97% in the most recent quarter. The Hedge Fund company now holds 33,097 shares of PG which is valued at $2,930,408. Procter & Gamble Co makes up approx 1.35% of Chicago Trust Co Na’s portfolio.Exxonmobil Investment Management Inc Tx reduced its stake in PG by selling 7,594 shares or 1.1% in the most recent quarter. The Hedge Fund company now holds 681,427 shares of PG which is valued at $61,328,430. Procter & Gamble Co makes up approx 1.29% of Exxonmobil Investment Management Inc Tx’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.