Smithbridge Asset Management Incde Lowers stake in Procter & Gamble Co (PG)

Procter & Gamble Co (PG) : Smithbridge Asset Management Incde reduced its stake in Procter & Gamble Co by 1.07% during the most recent quarter end. The investment management company now holds a total of 32,280 shares of Procter & Gamble Co which is valued at $2,854,520 after selling 350 shares in Procter & Gamble Co , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Procter & Gamble Co makes up approximately 2.59% of Smithbridge Asset Management Incde’s portfolio.

Other Hedge Funds, Including , Lowe Fs boosted its stake in PG in the latest quarter, The investment management firm added 790 additional shares and now holds a total of 1,029 shares of Procter & Gamble Co which is valued at $90,994. Procter & Gamble Co makes up approx 0.06% of Lowe Fs’s portfolio.Gibson Capital reduced its stake in PG by selling 21,644 shares or 12.3% in the most recent quarter. The Hedge Fund company now holds 154,326 shares of PG which is valued at $13,664,024. Procter & Gamble Co makes up approx 4.94% of Gibson Capital’s portfolio.Cutler Group Lp boosted its stake in PG in the latest quarter, The investment management firm added 956,295 additional shares and now holds a total of 965,320 shares of Procter & Gamble Co which is valued at $85,971,399. Procter & Gamble Co makes up approx 5.29% of Cutler Group Lp’s portfolio. Oakmont Partners sold out all of its stake in PG during the most recent quarter. The investment firm sold 4,274 shares of PG which is valued $380,642.Sadoff Investment Management boosted its stake in PG in the latest quarter, The investment management firm added 925 additional shares and now holds a total of 363,529 shares of Procter & Gamble Co which is valued at $32,717,610. Procter & Gamble Co makes up approx 3.63% of Sadoff Investment Management’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.

Investors should note that on Oct 11, 2016, Procter & Gamble Co announced a cash dividend of $0.6695. The company’s management has announced Oct 19, 2016 as the ex-dividend date and fixed the record date on Oct 21, 2016. The payable date has been fixed on Nov 15, 2016.

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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