5 Best Defensive Stocks For An Upcoming Crash

3. The Proctor and Gamble Company (NYSE:PG)

Number of Hedge Fund Holders: 71  

The Proctor and Gamble Company (NYSE:PG) provides branded consumer packaged goods worldwide. The company is one of the most prominent defensive stocks to invest in. The Proctor and Gamble Company (NYSE:PG) has an impressive dividend profile. It has consistently paid a dividend to shareholders for the past sixty-five years. These payouts have also registered consistent growth in these six decades. On July 12, the firm declared a quarterly dividend of $0.9133 per share, in line with previous. The forward yield was a solid 2.52%. 

On August 2, Barclays analyst Lauren Lieberman maintained an Overweight rating on The Procter & Gamble Company (NYSE:PG) stock and lowered the price target to $154 from $157, noting that the firm needed to prove its business model was defensive in this economic cycle. 

At the end of the second quarter of 2022, 71 hedge funds in the database of Insider Monkey held stakes worth $5.5 billion in The Proctor and Gamble Company (NYSE:PG), compared to 72 in the preceding quarter worth $6.1 billion.