Legal & General Group Plc Sells Over 1.6 Million Shares of Procter & Gamble Stock

Procter & Gamble Company (The) (NYSE:PG - Get Free Report), a multinational consumer goods company, announced that Legal & General Group Plc sold 1,639,081 shares of its stock in the second quarter. As a result, Legal & General Group Plc's stake in Procter & Gamble decreased by 10.1% to 14,564,948 shares.

The sale reduced Legal & General Group Plc's ownership in Procter & Gamble from 0.73% to 0.63%, which is valued at $2,135,804,000. E Fund Management Hong Kong Co. Ltd. increased its position in Procter & Gamble by 1,000% in the fourth quarter and now owns 165 shares of the company's stock worth $25,000.

Other institutional investors have also made adjustments to their stakes in Procter & Gamble, including Park Square Financial Group LLC and Evolution Wealth Management Inc. who raised their positions in the company by 65.1% and 1,315.4%, respectively.