5 Famous Value Stocks that Underperformed in 2022

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

Number of Hedge Fund Holders: 72 

PE Ratio: 25.26

Percentage Decline in Share Price YTD as of August 12: 9.96%

The Procter & Gamble Company (NYSE:PG) markets branded consumer packaged goods. On July 29, the firm posted earnings for the fourth fiscal quarter, reporting earnings per share of $1.21, missing analyst expectations by $0.02. The revenue over the period was $19.5 billion, up close to 3% compared to the revenue over the same period last year and beating market estimates by $110 million. The firm said it expected 2023 all-in sales growth in the range of in-line to up to 2% versus the previous fiscal year. 

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. 

Among the hedge funds being tracked by Insider Monkey, Florida-based investment firm GQG Partners is a leading shareholder in The Procter & Gamble Company (NYSE:PG), with 9.9 million shares worth more than $1.5 billion.