Envestnet Cuts Stake in Procter & Gamble by 0.7%

Envestnet Asset Management Inc., a financial institution, decreased its stake in Procter & Gamble Company (The) by 0.7% during the second quarter. This reduction was part of Envestnet's most recent disclosure with the Securities and Exchange Commission. The fund owned approximately 3.5 million shares of Procter & Gamble stock after selling 25,189 shares during the period.

The company's worth to Envestnet Asset Management Inc. is around $513,465,000 as of its most recent SEC filing. This makes up about 0.15% of Procter & Gamble's total ownership. Other investors, such as State Street Corp and Security National Bank of Sioux City Iowa IA, have also made adjustments to their stakes in the company.

Procter & Gamble has a market cap of $342.30 billion and a PE ratio of 22.26. The company's revenue was up 1.5% on a year-over-year basis, reaching $21.20 billion during the quarter. Analysts forecast that Procter & Gamble will post 6.99 EPS for the current fiscal year.