Procter & Gamble stock sale trims Cramer trust stake before earnings

A Procter & Gamble stock sale by Jim Cramer’s Charitable Trust reduced the portfolio’s exposure to the consumer staples group before its earnings report due Wednesday morning, according to CNBC’s Investing Club. The trust sold 100 shares at about $151.16, leaving it with 200 shares and cutting the position’s portfolio weighting to 0.75% from 1.15%.

CNBC said the trade was made after a rise in Procter & Gamble shares on Tuesday, when the stock outperformed the broader market. The Investing Club attributed the move in part to a rotation away from data-center-related stocks and into other parts of the market.

Consumer staples ranked as the second-best-performing sector in the S&P 500 during the session, according to CNBC. The group was supported by a 4% advance in Coca-Cola shares after the beverage company reported earnings that CNBC described as upbeat.

Why did Jim Cramer’s trust sell Procter & Gamble stock?

CNBC’s Investing Club said the trust reduced the position to limit risk before Procter & Gamble reports results. The coming report covers the fourth quarter of the company’s fiscal 2026, meaning management is also expected to provide guidance for fiscal 2027, which is already under way.

The Investing Club said Procter & Gamble has a long record of setting expectations conservatively and then exceeding them. It said another cautious outlook from management could put pressure on the shares, even if the company’s longer-term defensive qualities remain part of the investment case.

The sale is expected to produce a small gain of roughly 1% on shares bought in November 2025, according to CNBC. After the transaction, CNBC said Jim Cramer’s Charitable Trust remains long Procter & Gamble.

What role did Procter & Gamble play in the portfolio?

CNBC’s Investing Club said the trust initially bought Procter & Gamble last autumn as a defensive holding that could offset weakness in artificial-intelligence-linked trades. Defensive stocks are generally companies whose products tend to see steadier demand across economic cycles, such as household and personal-care goods.

That role became more useful during a volatile summer, CNBC said, even though artificial-intelligence-related shares had performed strongly at the start of the year. The trimming does not eliminate the holding, but it lowers the size of the bet before a corporate update that could reset investor expectations.

For portfolio managers, earnings season can create a different risk profile when a company reports at the end of a fiscal year. The quarterly results show recent performance, while the new-year outlook can influence valuation by shaping expectations for revenue, margins and cash generation over the following 12 months.

CNBC’s Investing Club said subscribers receive trade alerts before Jim Cramer makes trades for the charitable trust. It said Cramer waits 45 minutes after an alert before executing a buy or sell in the portfolio, and waits 72 hours if he has discussed the stock on CNBC television before issuing the alert.

This story draws on original reporting from CNBC.