Jim Cramer's Trust Sells 75 P&G Shares at $150 as Iran Risk Lifts Volatility Fears
Updated
Updated · CNBC · Jun 10
Jim Cramer's Trust Sells 75 P&G Shares at $150 as Iran Risk Lifts Volatility Fears
3 articles · Updated · CNBC · Jun 10
Summary
$11,250 of Procter & Gamble stock is being sold, leaving Jim Cramer's Charitable Trust with 375 shares and cutting PG's portfolio weight to about 1.5% from 1.75%.
The sale is meant to raise cash and guard against fresh market swings, with the trust citing heavy new supply and Trump's warning that U.S. attacks on Iran could resume after a helicopter was downed.
P&G had served as a defensive hedge against AI- and tech-driven volatility, rising about 4% in June while the broader tech sector fell 7%, prompting the trust to use the rotation into defensives to trim the position.
The trust downgraded PG to its hold-equivalent rating and said it would turn more positive if the stock gives back recent gains or the company shows faster growth than the roughly 2.5% organic sales and EPS expected for fiscal 2027.