Birmingham Capital Management Acquires New Stake in Procter & Gamble
Birmingham Capital Management Co. Inc. AL has acquired a new stake in Procter & Gamble Company (The) (NYSE:PG). The institutional investor bought 33,510 shares of the company's stock, valued at approximately $4,914,000.
Procter & Gamble comprises approximately 1.9% of Birmingham Capital Management Co. Inc. AL's investment portfolio, making it their 15th biggest position.
This is not an isolated incident; other hedge funds have also modified their holdings of PG in the second quarter.