Gemmer Asset Management buys $238,407 stake in Procter & Gamble Co (PG)

Procter & Gamble Co (PG) : Gemmer Asset Management scooped up 337 additional shares in Procter & Gamble Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 17, 2016. The investment management firm now holds a total of 2,696 shares of Procter & Gamble Co which is valued at $238,407.Procter & Gamble Co makes up approximately 0.12% of Gemmer Asset Management’s portfolio.

Other Hedge Funds, Including , Bennicas Associates reduced its stake in PG by selling 1,930 shares or 1.12% in the most recent quarter. The Hedge Fund company now holds 170,840 shares of PG which is valued at $15,107,381. Procter & Gamble Co makes up approx 14.30% of Bennicas Associates’s portfolio.Perkins Coie Trust Co boosted its stake in PG in the latest quarter, The investment management firm added 1,681 additional shares and now holds a total of 30,251 shares of Procter & Gamble Co which is valued at $2,694,154. Procter & Gamble Co makes up approx 1.72% of Perkins Coie Trust Co’s portfolio.Founders Capital Management reduced its stake in PG by selling 43,797 shares or 72.76% in the most recent quarter. The Hedge Fund company now holds 16,400 shares of PG which is valued at $1,460,584. Procter & Gamble Co makes up approx 0.82% of Founders Capital Management’s portfolio.Acropolis Investment Management reduced its stake in PG by selling 558 shares or 5.4% in the most recent quarter. The Hedge Fund company now holds 9,768 shares of PG which is valued at $867,887. Procter & Gamble Co makes up approx 0.16% of Acropolis Investment Management’s portfolio.Hefty Wealth Partners boosted its stake in PG in the latest quarter, The investment management firm added 489 additional shares and now holds a total of 641 shares of Procter & Gamble Co which is valued at $56,953. Procter & Gamble Co makes up approx 0.04% of Hefty Wealth Partners’s portfolio.

Procter & Gamble Co opened for trading at $88.5 and hit $88.96 on the upside on Friday, eventually ending the session at $88.43, with a gain of 0.22% or 0.19 points. The heightened volatility saw the trading volume jump to 73,68,968 shares. Company has a market cap of $235,998 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. 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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