Cape Cod Five Cents Savings Bank Lowers stake in Procter & Gamble Co (PG)

Procter & Gamble Co (PG) : Cape Cod Five Cents Savings Bank reduced its stake in Procter & Gamble Co by 15.49% during the most recent quarter end. The investment management company now holds a total of 116,417 shares of Procter & Gamble Co which is valued at $10,013,026 after selling 21,331 shares in Procter & Gamble Co , the firm said in a disclosure report filed with the SEC on Jul 14, 2016.Procter & Gamble Co makes up approximately 1.79% of Cape Cod Five Cents Savings Bank’s portfolio.

Other Hedge Funds, Including , Visionary Asset Management boosted its stake in PG in the latest quarter, The investment management firm added 308 additional shares and now holds a total of 30,595 shares of Procter & Gamble Co which is valued at $2,629,028. Procter & Gamble Co makes up approx 0.91% of Visionary Asset Management’s portfolio.Campbell Newman Asset Management Inc boosted its stake in PG in the latest quarter, The investment management firm added 10,765 additional shares and now holds a total of 18,372 shares of Procter & Gamble Co which is valued at $1,577,971. Procter & Gamble Co makes up approx 0.28% of Campbell Newman Asset Management Inc’s portfolio.Franklin Street Advisors Inc Nc boosted its stake in PG in the latest quarter, The investment management firm added 10,643 additional shares and now holds a total of 90,366 shares of Procter & Gamble Co which is valued at $7,761,536. Procter & Gamble Co makes up approx 1.43% of Franklin Street Advisors Inc Nc’s portfolio.Stillwater Investment Management boosted its stake in PG in the latest quarter, The investment management firm added 637 additional shares and now holds a total of 23,242 shares of Procter & Gamble Co which is valued at $1,993,466. Procter & Gamble Co makes up approx 1.12% of Stillwater Investment Management’s portfolio.

Procter & Gamble Co closed down -0.08 points or -0.09% at $85.93 with 47,81,778 shares getting traded on Monday. Post opening the session at $86.02, the shares hit an intraday low of $85.7 and an intraday high of $86.05 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 $0.86 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.82. The company had revenue of $15755.00 million for the quarter, compared to analysts expectations of $15809.32 million. The company’s revenue was down -6.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.92 EPS.

Investors should note that on Jul 12, 2016, Procter & Gamble Co announced a cash dividend of $0.6695. The company’s management has announced Jul 20, 2016 as the ex-dividend date and fixed the record date on Jul 22, 2016. The payable date has been fixed on Aug 15, 2016.

Many Wall Street Analysts have commented on Procter & Gamble Co. Jefferies Initiated Procter & Gamble Co on Jun 15, 2016 to “Buy”, Price Target of the shares are set at $95.Shares were Reiterated by UBS on Apr 27, 2016 to “Neutral” and Lowered the Price Target to $ 85 from a previous price target of $88 .

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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