P&G’s CEO trades 18,000 company shares

Gary A. Coombe, CEO of Procter & Gamble’s Grooming division, sold 18,000 shares of the company on February 25, 2025, at an average price of US$171.66 per share, totaling about US$3.09 million.

With this move, Coombe still holds 22,050.7545 shares directly, as well as 469.8275 shares under administration of a retirement plan and 1,295.35 shares in a stock ownership and pension plan in Switzerland.

In another transaction, on February 18, 2025, Coombe received 47.7815 restricted stock units (RSUs) under the company’s retirement program. These units represent a contingent right to common shares in the future.

On the financial front, Procter & Gamble reported earnings per share of US$1.88 for the fiscal second quarter, slightly beating Wall Street’s projections by a penny. This performance was driven by positive factors at lower levels of the balance sheet and a slight reduction in operating profit, while organic revenue was 20 basis points above expectations.

UBS reaffirmed its Buy recommendation for P&G shares, setting a target price of US$189, based on sequential organic revenue and volume growth. On the other hand, BNP Paribas showed concern about the company’s organic sales projections for 2025, pointing to market uncertainties that generate caution among investors.

P&G faces challenges such as falling consumption in regions such as Asia, the Middle East and Africa, as well as geopolitical and currency pressures. Even so, the company has maintained its projections for the fiscal year and seeks to preserve the lower end of its guidance.