UNIVEST FINANCIAL Corp Bets Big on Procter & Gamble
UNIVEST FINANCIAL Corp has acquired a new position in Procter & Gamble Company, buying 23,716 shares of the company's stock valued at approximately $3.478 million.
This is not an isolated instance; other institutional investors have also made changes to their positions in the company. BlackRock Inc., for example, acquired a new position in Procter & Gamble worth around $27.862 billion in the second quarter.
The stock has received various analyst ratings, with Bank of America decreasing its target price on Procter & Gamble from $170 to $166 and setting a 'buy' rating for the company.