Procter & Gamble CEO Sells 2,225 Shares for Tax Obligations

Procter & Gamble (NYSE: PG) CEO Paul Gama sold 2,225 shares of the company's stock on Monday, October 5th. The shares were sold at an average price of $145.34, totaling $323,381.50. Following the sale, Gama still holds 51,124 shares, valued at approximately $7.43 million. This transaction reduced his stake by 4.17%. The sale was disclosed in an SEC filing and was made to cover tax withholding obligations related to the vesting of equity awards.

Shares of Procter & Gamble rose $2.40 during midday trading on Tuesday, reaching $148.34. The company's stock volume was 11,232,253 shares, above its average volume of 9,677,071. Procter & Gamble's fifty-day moving average price is $145.67, while its two-hundred-day moving average is $145.97. The company has a market cap of $344.55 billion, a PE ratio of 22.41, and a dividend yield of 2.9%.

Procter & Gamble reported its quarterly earnings on July 29th, with earnings per share (EPS) of $1.43, beating the consensus estimate of $1.41. The company's revenue was $21.20 billion, slightly below the estimated $21.38 billion. The firm's quarterly revenue increased by 1.5% compared to the same period last year. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS, with analysts anticipating an average of 6.98 EPS for the current fiscal year.

Several research analysts have recently updated their ratings and price targets for Procter & Gamble. Jefferies Financial Group raised its target price to $179.00 with a 'buy' rating, while HSBC restated a 'hold' rating with a target price of $149.00. Royal Bank of Canada maintained an 'outperform' rating with a slightly reduced target price of $166.00. Procter & Gamble currently has a consensus rating of 'Moderate Buy' and an average target price of $161.70.