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Yacktman Fund Comments on Procter & Gamble

- By Holly LaFon

P&G ( NYSE:PG )'s shares delivered strong returns in the first quarter after reporting sustained improvement in organic sales. We think the company is executing with an improved focus and has a strong portfolio of brands. The strength of brands matters today more than ever. In the past, owning the right sector could often get an investor to a similar result. Today, owning the correctly positioned companies can produce a wildly different outcome.

From Yacktman Asset Management (Trades, Portfolio)'s Yacktman Fund (Trades, Portfolio) first-quarter 2019 shareholder letter.
This article first appeared on GuruFocus.