GTS Securities Cuts Procter & Gamble Stake by 67.7%
GTS Securities LLC reduced its stake in Procter & Gamble Company (PG) by 67.7% during the second quarter, according to a recent filing with the SEC. The firm owned 6,180 shares of PG's stock after selling 12,926 shares during the period. GTS Securities LLC's holdings in PG were worth $906,000 as of its most recent SEC filing.
The sale represents a decrease in the company's stake in PG from the previous quarter. However, other institutional investors and hedge funds have also made adjustments to their positions in the stock. For example, Carson Advisory Inc. increased its stake in PG by 0.5% during the fourth quarter, while Cary Street Partners Investment Advisory LLC raised its stake by 1.8%.
PG has been performing well, with a net margin of 18.44% and a return on equity of 31.36%. The company's revenue was up 1.5% compared to the same quarter last year. Additionally, PG announced a quarterly dividend of $1.0885 per share, which represents a 3.0% yield.