Stocks
Dearborn Partners Buys $25.9 Million Procter & Gamble Stake
Dearborn Partners LLC purchased approximately $25.9 million in shares of Procter & Gamble Company (The) stock during the second quarter, according to the company's latest SEC filing.
The institutional investor bought 176,935 shares, which make up about 1.2% of Dearborn Partners' investment portfolio and rank as its 28th largest position among various holdings.
This purchase is part of a larger trend where several investors have increased their stakes in Procter & Gamble stock recently. For instance, BlackRock Inc. acquired $27.9 billion in shares during the same quarter, while State Street Corp grew its stake by 1% and now owns over 101 million shares.