Fort Washington Increases Stake in The Procter & Gamble Company (PG)
The Procter & Gamble Company (NYSE:PG) is among the best bear market stocks to buy according to analysts. Fort Washington Investment Advisors Inc. OH has increased its stake in The Procter & Gamble Company (NYSE:PG) by 1% during the first quarter. As disclosed to the Securities and Exchange Commission (SEC), the institutional investor acquired an additional 4,493 shares, bringing the total to 464,529 shares of PG.
The strength of The Procter & Gamble Company (NYSE:PG) was also highlighted in a recent interview of Nik Modi, Managing Director and Global Co-Head of Consumer Research at RBC Capital Markets, with BNN Bloomberg to analyse defensive stocks. As he says,
“PG stock is best in class management.”
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In a recent development, the two popular brands of The Procter & Gamble Company (NYSE:PG), Olay and Secret, are launching what these summers call for the most: the Summer Fizz Scent collection. This limited-edition range covers serum-infused body washes from Olay and clinical-strength antiperspirants from Secret. Together, they refresh and nourish, and are known to be the “daily dose of paradise.”
We are already aware that strict measures call for increasing pressure to cut costs. Amid the economic uncertainty during Trump’s tenure, Procter & Gamble Company (NYSE:PG) has announced plans to lay off as many as 7,000 workers over the next two years in response to its broad cost-reduction strategy.
The Procter & Gamble Company (NYSE:PG) is an Ohio-based consumer goods company with five main segments: Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care. Founded in 1837, the company has a significant market presence in around 180 countries.
While we acknowledge the potential of PG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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Disclosure: None.
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