Following the trade, Jim Cramer's Charitable Trust will own 400 shares of PG, decreasing its weighting in the portfolio to 2.15% from 2.4%.
Ever since earnings, P & G has stormed back despite the market volatility.
The move here has been based on investors buying quality safety stocks like P & G out of fear of a growth scare in the U.S. economy.
We always say there's room in any portfolio for a defensive dividend aristocrat like Procter & Gamble, and the market's recent stretch of turbulence proved its purpose.
Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons:
Jim Cramer's, we've, Procter, Jim Cramer, Jim
Organizations:
Procter, Gamble, CNBC
Locations:
U.S