Groupe la Francaise Cuts Procter & Gamble Holdings by Nearly 40% in Q1

Groupe la Francaise decreased its holdings in Procter & Gamble Company (The) by 39.6% during the first quarter, according to its latest disclosure with the Securities & Exchange Commission.

The fund owned 59,077 shares of PG's stock after selling 38,676 shares during the quarter. Groupe la Francaise's holdings in Procter & Gamble were worth $8,508,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cibc World Market Inc. raised its stake in PG by 40.6% during the fourth quarter. Cibc World Market Inc. now owns 511,833 shares of the company's stock worth $73,351,000 after buying an additional 147,701 shares during the period.