Somerville Kurt F buys $16,468,553 stake in Procter & Gamble Co (PG)

Procter & Gamble Co (PG) : Somerville Kurt F scooped up 1,840 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 8, 2016. The investment management firm now holds a total of 189,883 shares of Procter & Gamble Co which is valued at $16,468,553.Procter & Gamble Co makes up approximately 3.60% of Somerville Kurt F’s portfolio.

Other Hedge Funds, Including , Gerstein Fisher boosted its stake in PG in the latest quarter, The investment management firm added 117 additional shares and now holds a total of 20,967 shares of Procter & Gamble Co which is valued at $1,818,468. Procter & Gamble Co makes up approx 0.23% of Gerstein Fisher’s portfolio.Public Employees Retirement Association Of Colorado reduced its stake in PG by selling 35,875 shares or 5.99% in the most recent quarter. The Hedge Fund company now holds 562,697 shares of PG which is valued at $48,161,236. Procter & Gamble Co makes up approx 0.39% of Public Employees Retirement Association Of Colorado’s portfolio.Conestoga Capital Advisors reduced its stake in PG by selling 750 shares or 15.99% in the most recent quarter. The Hedge Fund company now holds 3,940 shares of PG which is valued at $337,737. Procter & Gamble Co makes up approx 0.02% of Conestoga Capital Advisors’s portfolio.Sonora Investment Management boosted its stake in PG in the latest quarter, The investment management firm added 440 additional shares and now holds a total of 32,431 shares of Procter & Gamble Co which is valued at $2,786,796. Procter & Gamble Co makes up approx 1.54% of Sonora Investment Management’s portfolio.Benin Management Corp reduced its stake in PG by selling 1,143 shares or 3.45% in the most recent quarter. The Hedge Fund company now holds 31,977 shares of PG which is valued at $2,746,505. Procter & Gamble Co makes up approx 1.39% of Benin Management Corp’s portfolio.

Procter & Gamble Co closed down -0.02 points or -0.02% at $87.02 with 68,71,164 shares getting traded on Monday. Post opening the session at $87.52, the shares hit an intraday low of $86.99 and an intraday high of $87.57 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 $0.79 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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