5 Stocks Billionaire Ken Fisher May Never Sell

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Below we present the list of 5 Stocks Billionaire Ken Fisher May Never Sell. For our methodology and a more comprehensive list of the billionaire investors favored long-term holdings, please see 10 Stocks Billionaire Ken Fisher May Never Sell.

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

Value of Fisher Investments’ 13F Position: $140 million

Number of Hedge Fund Shareholders: 72

One of 5 Important Stocks That Are Losing Value in 2022, shares of The Procter & Gamble Company (NYSE:PG) have dipped by 11% year-to-date. That hasn’t fazed Fisher in the slightest, as he raised his stake in PG by 1% to 913,497 shares during Q1. Hedge fund ownership of PG peaked at the end of 2020 and has dipped by 14% since then.

Some of the same features that make The Procter & Gamble Company (NYSE:PG) a great long-term investment also make it a strong stock in a recession. Many of the company’s products are household necessities that are needed regardless of economic conditions and levels of discretionary spending. P&G continued to grow a solid rate in Q1, boosted by its grooming, home care, and family care segment, which grew year-over-year organic sales by 10%.

The Procter & Gamble Company (NYSE:PG)’s overall net sales grew by 7% year-over-year to $19.4 billion. And though increasing prices are putting pressure on the company’s margins, they’re also set to drive EPS higher, with expectations that the company could top $6.00 in EPS in 2022. Even then, shares are somewhat expensive at greater than 20x forward earnings, which shows the premium investors are putting on the company right now amid a challenging economic backdrop.

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