Bridgewater Advisors Buys into Procter & Gamble Stock

Bridgewater Advisors Inc. has acquired shares of Procter & Gamble Company (The) (NYSE: PG), purchasing 23,745 shares valued at approximately $3,363,000 in the second quarter.

This is not the only recent move by institutional investors in P&G stock. Other firms, including E Fund Management Hong Kong Co. Ltd., Park Square Financial Group LLC, Evolution Wealth Management Inc., and Litman Gregory Wealth Management LLC, have also increased their stakes in the company during the fourth quarter.

The business has a 52-week low of $137.62 and a 52-week high of $167.25. Its market cap is over $335 billion, with a PE ratio of 21.82 and a beta of 0.39.