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Bank Takes New Stake in Procter & Gamble

Guavy AI Editorial Team
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PG
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1ST Source Bank has acquired a new stake in Procter & Gamble Company (The) (NYSE:PG). The bank bought 51,409 shares of the company's stock in the second quarter, valued at approximately $7.54 million.

The acquisition is just one example of institutional investors taking an interest in Procter & Gamble. In total, 65.77% of the company's stock is currently owned by institutional investors.

Procter & Gamble has a market cap of $332.39 billion and a price-to-earnings ratio of 21.60. The company has also announced its FY 2027 guidance at 6.890-7.110 EPS.

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