Procter & Gamble Insider Sells Over $320,000 Worth of Stock
A senior executive at Procter & Gamble (PG) has sold a significant amount of stock, according to MarketBeat. Susan Street Whaley, an insider, sold 2,238 shares on August 20th at an average price of $143.79, totaling $321,802.02. This sale represents a decrease in her position, as she now directly owns 26,989 shares valued at $3,880,748.31.
The sale was made to cover tax withholding obligations related to the vesting of equity awards. Procter & Gamble's stock price has been fluctuating recently, with a trading volume of 2,139,759 shares on Monday, hitting $145.71. The company's market capitalization is over $338 billion, with a PE ratio of 22.01 and a beta of 0.39.
In the second quarter, Procter & Gamble reported $21.20 billion in revenue, beating analyst estimates by $0.02 per share. The company also recently declared a quarterly dividend of $1.0885, paid on August 17th to shareholders who owned shares on July 24th.