Procter & Gamble Sees 15th Biggest Holding Reduced

Hamlin Capital Management LLC reduced its holdings in Procter & Gamble Company (PG) by selling 8,030 shares during the second quarter. The institutional investor now owns 1,059,367 shares of the company's stock after decreasing its stake by 0.8%. Procter & Gamble accounts for approximately 3.5% of Hamlin Capital Management LLC's holdings, making it the firm's 15th biggest holding.

The value of Hamlin Capital Management LLC's holdings in Procter & Gamble was $155,346,000 at the end of the most recent quarter. Several other hedge funds and institutional investors also made changes to their positions in the company during the second quarter. Brighton Jones LLC increased its stake by 51.5% and now owns 40,068 shares valued at $6,717,000.

Taylor Financial Group Inc. boosted its position in Procter & Gamble by 10.6% during the first quarter. Sivia Capital Partners LLC also increased its holding by 19.8%. The deal for Procter & Gamble to acquire Thorne, a premium supplements company, was announced this week. The acquisition is expected to close later this year.