Do Hedge Funds Love Procter & Gamble Company (PG)?

Judging by the fact that Procter & Gamble Company (NYSE:PG) has faced a falling interest from hedge fund managers, it’s safe to say that there were a few money managers who sold off their positions entirely last quarter. At the top of the heap, Clint Carlson’s Carlson Capital cut the largest position of the “upper crust” of funds followed by Insider Monkey, valued at an estimated $59.9 million in stock, and Neil Chriss’ Hutchin Hill Capital was right behind this move, as the fund dropped about $43 million worth of shares. These bearish behaviors are interesting, as aggregate hedge fund interest stayed the same (this is a bearish signal in our experience).

Let’s also examine hedge fund activity in other stocks – not necessarily in the same industry as Procter & Gamble Company (NYSE:PG) but similarly valued. These stocks are Pfizer Inc. (NYSE:PFE), Toyota Motor Corporation (ADR) (NYSE:TM), Verizon Communications Inc. (NYSE:VZ), and The Coca-Cola Company (NYSE:KO). This group of stocks’ market valuations resembles Procter & Gamble Company (NYSE:PG)’s market valuation.

As you can see, these stocks had an average of 56 hedge funds with bullish positions and the average amount invested in these stocks was $7.05 billion. That figure was $9.06 billion in Procter & Gamble Company (NYSE:PG)’s case. Pfizer Inc. (NYSE:PFE) is the most popular stock in this table. On the other hand, Toyota Motor Corporation (ADR) (NYSE:TM) is the least popular one with only 13 bullish hedge fund positions. Procter & Gamble Company (NYSE:PG) is not the most popular stock in this group, but hedge fund interest is still above average. This is a slightly positive signal, but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard, Pfizer Inc. (NYSE:PFE) might be a better candidate to consider a long position.