Avalon Trust Co Acquires New Stake in Procter & Gamble
Avalon Trust Co has acquired a new position in shares of Procter & Gamble Company (The) (NYSE:PG), according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 7,288 shares of the company's stock, valued at approximately $1,069,000.
This is not an isolated incident, as several other hedge funds have also added to or reduced their stakes in Procter & Gamble during the second quarter. E Fund Management Hong Kong Co. Ltd. lifted its holdings by 1,000%, while Litman Gregory Wealth Management LLC and Park Square Financial Group LLC bought new positions worth approximately $26,000 each.
Procter & Gamble has a market capitalization of $335.82 billion and a P/E ratio of 21.82. The company reported earnings per share (EPS) of $1.43 for the quarter, beating the consensus estimate of $1.41.