Gradient Investments Doubles Down on Procter & Gamble Stake

Gradient Investments LLC increased its stake in Procter & Gamble Company (The) by 6.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC).

The firm owned 267,216 shares of the company's stock after buying an additional 16,950 shares during the quarter.

Gradient Investments LLC's holdings in Procter & Gamble were worth $39,185,000 at the end of the most recent reporting period.

This is not an isolated move, as other institutional investors have also bought and sold shares of the company. Brighton Jones LLC grew its stake in Procter & Gamble by 51.5% during the fourth quarter, while Taylor Financial Group Inc. raised its stake in shares of Procter & Gamble by 10.6% in the first quarter.

Procter & Gamble stock opened at $145.88 on Friday. The company has a current ratio of 0.68 and a debt-to-equity ratio of 0.43, with a market capitalization of $339.09 billion and a P/E ratio of 22.04.