Everett Harris & Co. Invests Heavily in Procter & Gamble
Everett Harris & Co. CA has invested in Procter & Gamble Company (The) NYSE:PG, purchasing 55,164 shares of the company's stock valued at approximately $8,089,000 during the second quarter. This new stake is part of a broader trend where institutional investors are increasing their holdings in PG.
Carson Advisory Inc., Cary Street Partners Investment Advisory LLC, Grant Street Asset Management Inc., and Cowa LLC have all also increased their positions in Procter & Gamble by varying degrees during the fourth quarter. Combined with other hedge funds, 65.77% of Procter & Gamble's stock is now owned by institutional investors.
Procter & Gamble has a market capitalization of $335.82 billion and a P/E ratio of 21.82. The company posted quarterly earnings data on July 29th, beating analysts' consensus estimates with an EPS of $1.43. Procter & Gamble's dividend payout ratio is currently 65.71%.