Aljian Capital Management Acquires New Position in Procter & Gamble

Aljian Capital Management LLC has acquired a new position in Procter & Gamble Company (The) ($PG). The fund purchased 7,542 shares of the company's stock during the second quarter. According to its most recent Form 13F filing with the Securities and Exchange Commission (SEC), the investment was valued at approximately $1,106,000.

This is not an isolated instance; other large investors have also been buying Procter & Gamble shares. Brighton Jones LLC raised its stake in Procter & Gamble by 51.5% during the fourth quarter and now owns 40,068 shares worth $6,717,000. Taylor Financial Group Inc. increased its position in shares of Procter & Gamble by 10.6% during the first quarter.

Procter & Gamble's quarterly earnings results were announced on July 29th, showing a profit of $1.43 per share, beating the consensus estimate of $1.41. The company reported revenue of $21.20 billion for the quarter, slightly higher than analysts' expectations of $21.38 billion.