Procter & Gamble Sees New Stake from Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt has acquired a new stake in shares of Procter & Gamble Company (The) NYSE: PG. According to its most recent Form 13F filing with the Securities & Exchange Commission, the institutional investor acquired 13,161 shares of the company's stock valued at approximately $1,928,000 during the 2nd quarter.

This is not an isolated instance, as several other hedge funds have also bought and sold shares of Procter & Gamble in recent quarters. E Fund Management Hong Kong Co. Ltd., for example, raised its holdings in Procter & Gamble by 1,000% in the 4th quarter.

Despite these movements, analysts remain divided on the company's prospects. Citigroup reduced their target price on Procter & Gamble from $181.00 to $170.00 and set a 'buy' rating on the stock, while Argus downgraded shares of Procter & Gamble from a 'buy' rating to a 'hold' rating in a research note.