Procter & Gamble CEO Shailesh Jejurikar sells $5.7M in shares
Procter & Gamble CEO Shailesh Jejurikar recently sold $5.7 million worth of the company's common stock on October 23, 2026. The transaction involved the sale of 35,000 shares, with an average price of $163.09 per share. This sale came after Jejurikar exercised stock options, purchasing the shares at $78.52 each. Procter & Gamble, valued at $370.7 billion, is trading near its 52-week high of $167.25.
The company has a strong track record, having increased its dividend for 43 consecutive years, with a current yield of 2.72%. Following the sale, Jejurikar directly owns 55,390.9973 shares, along with indirect ownership of 3,777.6856 shares through a Retirement Plan Trustee, 19,757 shares via the Sankhya S Jejurikar Revocable Trust, and 35,836 shares via the Shailesh Jejurikar Trust.
The analysis suggests that Procter & Gamble's stock is slightly undervalued. The company recently reported strong first-quarter results, surpassing analysts' expectations, driven by robust growth across all product categories. Despite higher costs impacting margins, Procter & Gamble continues to demonstrate solid performance, with Morgan Stanley raising its price target to $185 and TD Cowen increasing theirs to $166.
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