P&G Stake Boosted by Principle Wealth Partners
Principle Wealth Partners LLC acquired a new stake in Procter & Gamble Company (The) $PG during the second quarter, according to its latest filing with the Securities and Exchange Commission (SEC).
The fund bought 74,709 shares of the company's stock, valued at approximately $10,955,000.
This is not an isolated instance, as several other institutional investors and hedge funds have also recently made changes to their positions in PG. Brighton Jones LLC increased its position in Procter & Gamble by 51.5% during the 4th quarter, while Taylor Financial Group Inc. boosted its position in the company by 10.6% in the first quarter.
The analysts are divided on P&G's prospects, with thirteen research analysts rating it a Buy and eleven assigning a Hold rating to the company. The consensus rating is Moderate Buy, with a price target of $161.52.