Panagora Asset Management Inc buys $331,632,151 stake in Procter & Gamble Co (PG)

Procter & Gamble Co (PG) : Panagora Asset Management Inc scooped up 428,467 additional shares in Procter & Gamble Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 3,967,841 shares of Procter & Gamble Co which is valued at $331,632,151.Procter & Gamble Co makes up approximately 1.58% of Panagora Asset Management Inc’s portfolio.

Other Hedge Funds, Including , D.a. Davidson boosted its stake in PG in the latest quarter, The investment management firm added 58,781 additional shares and now holds a total of 432,949 shares of Procter & Gamble Co which is valued at $35,934,767. Procter & Gamble Co makes up approx 0.90% of D.a. Davidson’s portfolio.Ft Options boosted its stake in PG in the latest quarter, The investment management firm added 44,000 additional shares and now holds a total of 45,000 shares of Procter & Gamble Co which is valued at $3,733,200. Procter & Gamble Co makes up approx 4.70% of Ft Options’s portfolio.Aviance Capital Partners boosted its stake in PG in the latest quarter, The investment management firm added 21,658 additional shares and now holds a total of 50,993 shares of Procter & Gamble Co which is valued at $4,423,133. Procter & Gamble Co makes up approx 1.63% of Aviance Capital Partners’s portfolio.Churchill Management Corp boosted its stake in PG in the latest quarter, The investment management firm added 3,299 additional shares and now holds a total of 7,946 shares of Procter & Gamble Co which is valued at $694,878. Procter & Gamble Co makes up approx 0.03% of Churchill Management Corp’s portfolio.D. Scott Neal boosted its stake in PG in the latest quarter, The investment management firm added 546 additional shares and now holds a total of 2,997 shares of Procter & Gamble Co which is valued at $263,227. Procter & Gamble Co makes up approx 0.21% of D. Scott Neal’s portfolio.

Procter & Gamble Co closed down -1.07 points or -1.29% at $82 with 1,45,65,456 shares getting traded on Monday. Post opening the session at $82.92, the shares hit an intraday low of $81.99 and an intraday high of $83.1 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Procter & Gamble Co reported $1.03 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Oct 25, 2016. Analyst had a consensus of $0.98. The company had revenue of $16518.00 million for the quarter, compared to analysts expectations of $16484.77 million. The company’s revenue was down -.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.98 EPS.

Many Wall Street Analysts have commented on Procter & Gamble Co. Procter & Gamble Co was Resumed by Wells Fargo to “Market Perform” on Nov 15, 2016. Company shares were Reiterated by B. Riley & Co. on Oct 26, 2016 to “Buy”, Firm has raised the Price Target to $ 106 from a previous price target of $105 .Procter & Gamble Co was Upgraded by Argus to ” Buy” on Oct 12, 2016.

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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