Procter & Gamble Attracts New Investor with $8.64 Million Stake

Global Retirement Partners LLC, an institutional investor, has purchased a new stake in shares of Procter & Gamble Company (The) (NYSE:PG). The investment is valued at approximately $8.64 million and consists of 58,896 shares.

This is not the only recent development involving institutional investors and their stakes in PG. In the fourth quarter, Cibc World Market Inc. boosted its position in Procter & Gamble by 40.6%, while World Investment Advisors increased its stake by 15.9% during the same period.

The market capitalization of Procter & Gamble is $332.39 billion, with a P/E ratio of 21.60 and a price-to-earnings-growth ratio of 4.45. The company's 50-day simple moving average is $147.83, while its 200-day simple moving average is $148.72.

Procter & Gamble last posted its quarterly earnings results on July 29th, beating the consensus estimate with a net margin of 18.44% and a return on equity of 31.36%. The company's revenue for the quarter was up 1.5% compared to the same period in the prior year.