Capital International Investors buys $1,289,302,543 stake in Procter & Gamble Co (PG)

Procter & Gamble Co (PG) : Capital International Investors scooped up 144,238 additional shares in Procter & Gamble Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 14,812,759 shares of Procter & Gamble Co which is valued at $1,289,302,543.Procter & Gamble Co makes up approximately 1.89% of Capital International Investors’s portfolio.

Other Hedge Funds, Including , Element Capital Management reduced its stake in PG by selling 11,900 shares or 25.17% in the most recent quarter. The Hedge Fund company now holds 35,376 shares of PG which is valued at $3,079,127. Procter & Gamble Co makes up approx 0.40% of Element Capital Management’s portfolio.Profund Advisors reduced its stake in PG by selling 10,225 shares or 11.12% in the most recent quarter. The Hedge Fund company now holds 81,763 shares of PG which is valued at $7,116,652. Procter & Gamble Co makes up approx 0.33% of Profund Advisors’s portfolio.Meiji Yasuda Asset Management Co Ltd. boosted its stake in PG in the latest quarter, The investment management firm added 38,360 additional shares and now holds a total of 74,051 shares of Procter & Gamble Co which is valued at $6,445,399. Procter & Gamble Co makes up approx 0.89% of Meiji Yasuda Asset Management Co Ltd.’s portfolio. Gareth Morgan Investments Limited Partnership sold out all of its stake in PG during the most recent quarter. The investment firm sold 44,719 shares of PG which is valued $3,892,342.Thompson Investment Management reduced its stake in PG by selling 1,240 shares or 1.37% in the most recent quarter. The Hedge Fund company now holds 89,582 shares of PG which is valued at $7,701,365. Procter & Gamble Co makes up approx 1.52% of Thompson Investment Management’s portfolio.

Procter & Gamble Co opened for trading at $87.36 and hit $88.31 on the upside on Thursday, eventually ending the session at $88.31, with a gain of 1.15% or 1 points. The heightened volatility saw the trading volume jump to 2,97,93,308 shares. Company has a market cap of $235,677 M.

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 .Jefferies Initiated Procter & Gamble Co on Jun 15, 2016 to “Buy”, Price Target of the shares are set at $95.

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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