Perella Weinberg Partners Capital Management Lp adds Procter & Gamble Co (PG) to its portfolio

Procter & Gamble Co (PG) : Perella Weinberg Partners Capital Management Lp added new position in Procter & Gamble Co during the most recent quarter end. The investment management firm now holds 51,327 shares of Procter & Gamble Co which is valued at $4,260,141 , the company said in a statement filed on Nov 14, 2016 with the SEC.Procter & Gamble Co makes up approximately 1.29% of Perella Weinberg Partners Capital Management Lp’s portfolio.

Other Hedge Funds, Including , Jnba Financial Advisors boosted its stake in PG in the latest quarter, The investment management firm added 13,600 additional shares and now holds a total of 20,290 shares of Procter & Gamble Co which is valued at $1,684,070. Procter & Gamble Co makes up approx 0.25% of Jnba Financial Advisors’s portfolio.Jacobus Wealth Management boosted its stake in PG in the latest quarter, The investment management firm added 263 additional shares and now holds a total of 3,575 shares of Procter & Gamble Co which is valued at $309,452. Procter & Gamble Co makes up approx 0.09% of Jacobus Wealth Management’s portfolio.Washington Trust Co reduced its stake in PG by selling 5,880 shares or 11.54% in the most recent quarter. The Hedge Fund company now holds 45,085 shares of PG which is valued at $3,904,361. Procter & Gamble Co makes up approx 0.27% of Washington Trust Co’s portfolio.Jensen Investment Management Inc reduced its stake in PG by selling 9,330 shares or 0.3% in the most recent quarter. The Hedge Fund company now holds 3,125,447 shares of PG which is valued at $271,445,072. Procter & Gamble Co makes up approx 4.18% of Jensen Investment Management Inc’s portfolio.Ronald Blue Co reduced its stake in PG by selling 320 shares or 0.58% in the most recent quarter. The Hedge Fund company now holds 54,434 shares of PG which is valued at $4,813,599. Procter & Gamble Co makes up approx 0.20% of Ronald Blue Co’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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