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Major investors sold Procter & Gamble shares, but the company reported strong earnings and raised its dividend.
Renaissance Technologies LLC and Accredited Investors Inc. reduced their holdings in Procter & Gamble, selling shares in the fourth quarter.
Despite this, Procter & Gamble reported strong earnings, exceeding analyst expectations with $1.88 EPS.
The company also increased its quarterly dividend by 5% to $1.06 per share.
Procter & Gamble, with a market cap of $381 billion, has a P/E ratio of 25.88 and a dividend yield of 2.60%.
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Los principales inversores vendieron acciones de Procter & Gamble, pero la empresa reportó fuertes ganancias y aumentó su dividendo.