5 Best Dividend Stocks for Long Term

4. The Procter & Gamble Company (NYSE: PG)

Number of Hedge Fund Holders: 70
Dividend Yield: 2.54%

The Procter & Gamble Company (NYSE: PG) is a provider of branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. The company’s brands include Pantene, Old Spice, Olay, and a range of others, and it ranks 4th on our list of the best dividend stocks for long term.

The Procter & Gamble Company (NYSE: PG) was among the 6 consumer staples stocks mentioned by UBS this June as being top picks for investors based on its screening process which analyzed stocks on their pricing power, margin momentum, and input cost exposure. The stock also fared well in a Nielson report this June, where Wells Fargo commented that it “felt better” about higher estimates for stocks like The Procter & Gamble Company (NYSE: PG).  JP Morgan has an Overweight rating on the stock and a price target of $148.

In the fiscal third quarter of 2021, The Procter & Gamble Company (NYSE: PG) had an EPS of $1.26, beating estimates by $0.07. The company’s revenue was $18.11 billion, up 5.2% year over year and beating estimates by $147.79 million. The stock has gained 11.48% in the past year and it has also retained its dividend for about 65 years, earning it a spot among the dividend kings for 2021.

As of the end of the first quarter of 2021, 70 hedge funds out of the 866 tracked by Insider Monkey held stakes in The Procter & Gamble Company (NYSE: PG) worth roughly $8.53 billion. This is compared to 83 hedge funds in the previous quarter with a total stake value of about $10.42 billion.