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M&T Bank Corp Lowers Holdings in Procter & Gamble Company (The) $PG
M&T Bank Corp sharply reduced its stake in Procter & Gamble (NYSE:PG) by 96.9% in Q4, selling over 1.2 million shares and retaining 39,411 shares valued at $5.65 million. This occurred despite Procter & Gamble reporting strong quarterly earnings that surpassed analyst estimates and increasing its quarterly dividend. Insider selling also continued, with approximately 252,715 shares sold over the past three months, while several analysts trimmed their price targets for the stock.