5 Long-Term Stocks to Buy and Hold According to Warren Buffett

In this article, we discuss 5 long-term stocks to buy and hold according to Warren Buffett. If you want to see more stocks in this selection, check out 10 Long-Term Stocks to Buy and Hold According to Warren Buffett.

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

Number of Hedge Fund Holders: 71

Berkshire’s Holding Period: 10 Years

The Procter & Gamble Company (NYSE:PG) is an American multinational company that sells branded consumer packaged goods worldwide. The Berkshire portfolio had 315,400 shares of The Procter & Gamble Company (NYSE:PG) in the second quarter of 2022, worth $45.3 million. The hedge fund has maintained a position in the company since the first quarter of 2013. On July 29, The Procter & Gamble Company (NYSE:PG) reported earnings for Q2 2022, posting an EPS of $1.21, missing Wall Street consensus by $0.02. The revenue of $19.52 billion outperformed estimates by $104.13 million. 

Barclays analyst Lauren Lieberman on August 2 reiterated an Overweight rating on The Procter & Gamble Company (NYSE:PG) and lowered the price target on the shares to $154 from $157 after the Q2 results. The analyst thinks that The Procter & Gamble Company (NYSE:PG)’s business model needs to be more defensive this economic cycle for share price outperformance.

Among the hedge funds tracked by Insider Monkey, 71 funds were bullish on The Procter & Gamble Company (NYSE:PG) at the end of Q2 2022, compared to 72 funds in the previous quarter. Ray Dalio’s Bridgewater Associates is the biggest stakeholder of the company, with 6.7 million shares worth more than $970 million.