Saudi Central Bank Buys 76,428 Shares of Procter & Gamble Company (The) $PG
MarketBeat
Saudi Central Bank significantly increased its stake in Procter & Gamble (NYSE:PG) by 88.6% in the second quarter, acquiring an additional 76,428 shares to hold a total of 162,680 shares valued at $23.9 million. This move is part of broader institutional investment trends in P&G, with institutional investors owning 65.77% of the stock. Despite insider selling, analysts maintain a "Moderate Buy" rating for P&G, citing its recent earnings beat, revenue growth, and 3.0% dividend yield.
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