5 Safest Stocks To Invest In

In this article, we will look at 5 safest stocks to invest in. If you want to explore similar safe investment options, you can also take a look at 10 Safest Stocks To Invest In.

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

Number of Hedge Fund Holders: 72

Consumer spending on The Procter & Gamble Company’s (NYSE:PG) 65 individual industry-leading brands such as Pampers, Gillette, Head & Shoulders, Dawn, and Oral-B is expected to remain robust, regardless of inflationary periods and volatile market conditions. This makes The Procter & Gamble Company’s (NYSE:PG) rank high among the safest stocks to invest in now. 

As of June 9, The Procter & Gamble Company (NYSE:PG) has returned 7.66% to investors over the past twelve months and has a forward dividend yield of 2.49%. The Procter & Gamble Company (NYSE:PG) is among the top-ranked dividend kings and has consistently hiked its dividends for 65 years, with a 5-year dividend CAGR of 5.48%.

On June 1, Deutsche Bank analyst Steve Powers trimmed his price target on The Procter & Gamble Company (NYSE:PG) to $171 from $177 but reiterated a Buy rating on the shares. Moreover, this May, Morgan Stanley named 15 stocks that can weather a bear market and The Procter & Gamble Company (NYSE:PG) was one of them.

According to Insider Monkey’s database, at the end of Q1 2022, 72 hedge funds were long The Procter & Gamble Company (NYSE:PG) with stakes totaling $6.06 billion. This is compared to 67 positions in the previous quarter with stakes of $6.61 billion.

As of March 31, GQG Partners is the dominating shareholder in The Procter & Gamble Company (NYSE:PG), owning over 9.91 million shares of the company which amounts to a stake value of $1.51 billion. The fund upped its prior stakes in The Procter & Gamble Company (NYSE:PG) by 32% in Q1 2022, and the investment covers 3.51% of its 13F portfolio.