PowerShares FTSE RAFI US 1000 ETF
Target’s (TGT) stock price fell 6.4% to $70.63 on August 17, 2016, after the company released its fiscal 2Q16 earnings.
P&G reported a gross profit margin increase of 250 basis points to 49.8% in fiscal 3Q16, as compared to fiscal 3Q15.
On February 29, 2016, Procter & Gamble (PG) announced the completion of the transfer of its Duracell business to Berkshire Hathaway (BRK-B).
The index of the PowerShares FTSE RAFI US 1000 Portfolio (PRF) consists of more than 1,000 stocks.
The PowerShares FTSE RAFI US 1000 Portfolio (PRF) tracks the investment results of the FTSE RAFI US 1000 Index.
During its 1Q16 earnings call, Procter & Gamble reported a slight improvement in its margins.
General Motors released its 3Q15 earnings on October 21, 2015. The company reported EPS of $0.84.
PRF’s index has an investment model that selects stocks for investment based on four fundamental factors: book value, cash flow, sales, and dividends.