The Global Sales Officer, CBD of Procter & Gamble is Exercising Options

Today it was reported that the Global Sales Officer, CBD of Procter & Gamble (PG), Jeffrey Schomburger, exercised options to sell 47,748 PG shares at $48.17 a share, for a total transaction value of $4.39M.

In addition to Jeffrey Schomburger, 6 other PG executives reported Sell trades in the last month. Following Jeffrey Schomburger’s last PG Sell transaction on August 17, 2017, the stock climbed by 3.1%.

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Based on Procter & Gamble’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $16.69 billion and quarterly net profit of $3.2 billion. In comparison, last year the company earned revenue of $16.65 billion and had a net profit of $2.85 billion. Currently, Procter & Gamble has an average volume of 8.03M. PG’s market cap is $227.6B and the company has a P/E ratio of 23.91.

Based on 12 analyst ratings, the analyst consensus is Hold with an average price target of $87.27, reflecting a -4.5% downside.

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