Pure Financial Advisors Buys New Stake in Procter & Gamble

Pure Financial Advisors LLC has acquired a new position in Procter & Gamble Company (The) (NYSE:PG - Free Report), according to its most recent SEC filing. The institutional investor bought 19,118 shares of the company's stock, valued at approximately $2,804,000.

Several other hedge funds and institutional investors have also added to or reduced their stakes in PG in recent quarters. For example, E Fund Management Hong Kong Co. Ltd. boosted its stake by 1,000% during the fourth quarter, while Mowery & Schoenfeld Wealth Management LLC bought a new stake valued at about $26,000.

Procter & Gamble has received various analyst ratings and price targets in recent months. Thirteen equities research analysts have rated the stock with a Buy rating, and eleven have issued a Hold rating. The company's consensus rating is currently Moderate Buy, with a target price of $161.19.