Brooks Moore Invests Heavily in Procter & Gamble Amid Strong Earnings

Brooks Moore & Associates Inc. has made a significant investment in Procter & Gamble Company (The) (NYSE:PG), purchasing approximately $2,219,000 worth of shares during the second quarter. According to the company's most recent Form 13F filing with the Securities and Exchange Commission, Brooks Moore acquired 15,128 shares of PG's stock.

This is not an isolated instance, as other hedge funds have also made changes to their positions in Procter & Gamble recently. E Fund Management Hong Kong Co. Ltd., for example, increased its stake in the company by a staggering 1,000% in the fourth quarter, owning approximately $25,000 worth of shares.

Procter & Gamble has also been the subject of various research reports and upgrades from analysts. Weiss Ratings reissued a 'hold (c)' rating on PG's stock in June, while Jefferies Financial Group upped its price target to $179.00 with a 'buy' rating.