Cibc World Market Inc. Boosts Stake in Procter & Gamble by 26.8%

Cibc World Market Inc. significantly increased its position in shares of Procter & Gamble Company (The) $PG, according to a recent 13F filing with the Securities & Exchange Commission.

The firm raised its stake by 26.8% during the second quarter, acquiring an additional 111,509 shares and bringing its total holdings to 527,109 shares worth approximately $77,295,000 at the end of the most recent quarter.

This is not an isolated instance; other institutional investors and hedge funds have also been actively buying and selling Procter & Gamble shares. For example, BlackRock Inc. acquired a new stake in the company valued at around $27,862,105,000 in the second quarter.

Procter & Gamble recently announced its quarterly earnings data on July 29th, beating consensus estimates with earnings per share of $1.43 and revenue of $21.20 billion for the quarter.