PG SVP Sells Shares to Cover Taxes Amid Analyst Updates
Procter & Gamble's (PG) Senior Vice President and Chief Accounting Officer, Matthew W. Janzaruk, has sold a portion of his company shares to cover taxes associated with a stock award. On August 20, he disposed of 156 common stocks at $143.79 each, generating a total of $22,431.
This transaction reduced Janzaruk's direct holdings in Procter & Gamble Co. common stock to 1,630.2791 shares. He also indirectly holds 3,888.7974 shares through a retirement plan trustee.
In related news, analysts have been weighing in on the company's performance. Bernstein raised its price target for PG to $149.00 from $148.00 while maintaining a Market Perform rating. RBC Capital, however, reiterated an Outperform rating with a $167.00 target, citing improved U.S. market share and sales growth.
Argus downgraded Procter & Gamble to Hold from Buy due to underperformance and slower growth expectations compared to broader market benchmarks.