Stocks
Centric Wealth Management Acquires New Stake in Procter & Gamble
Centric Wealth Management has acquired a new stake in shares of Procter & Gamble Company (The) (NYSE:PG), according to its latest disclosure with the Securities & Exchange Commission.
The firm purchased 8,074 shares of the company's stock valued at approximately $1,158,000 during the second quarter.
This is not an isolated incident, as other institutional investors have also recently added to or reduced their stakes in Procter & Gamble. For instance, Carson Advisory Inc. lifted its stake in shares of Procter & Gamble by 0.5% in the fourth quarter.
The company has a market capitalization of $332.39 billion and a PE ratio of 21.60. Its beta is 0.39, indicating low volatility compared to the overall stock market.