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Exchange Traded Concepts LLC Reduces Stock Holdings in Procter & Gamble Company (The) $PG
Exchange Traded Concepts LLC decreased its stake in Procter & Gamble (NYSE:PG) by 8.2% in the fourth quarter, selling 13,327 shares and holding 149,425 shares valued at $21.41 million. Despite this reduction, institutional investors collectively own 65.77% of the company’s stock, while insiders have recently sold a significant amount of shares. Analysts maintain a “Moderate Buy” rating for PG with an average price target of $168.33, and the company offers a 3.0% dividend yield.