5 Stocks Least Vulnerable to Recession

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

Number of Hedge Fund Holders: 72

Wall Street analysts are bullish on The Procter & Gamble Company (NYSE:PG). On June 21, Deutsche Bank analyst Steve Powers trimmed his price target on The Procter & Gamble Company (NYSE:PG) to $157 from $171 and reiterated a Buy rating on the shares. Over the past 3 months, the stock has received 5 Buy ratings and 3 Hold ratings and has a consensus Buy rating. The stock has a high price target of $180 and a low price target of $145. The stock’s average price target borders $162 and implies a 14.72% upside from its closing price of $141.55 on June 20.

The Procter & Gamble Company (NYSE:PG) has weathered through bear markets and recessions. The company has been in business since 1837 and has been consistent with growing its dividends for more than 6 decades. As of June 20, the stock has a forward dividend yield of 2.54%, which the company backs with over $13.9 billion of free cash flows.

At the close of Q1 2022, 72 hedge funds disclosed ownership of stakes in The Procter & Gamble Company (NYSE:PG). The total value of these stakes amounted to $6.06 billion. This is compared to 67 hedge funds in Q4 2021 with stakes worth $6.61 billion.

As of June 30, Ayrshire Capital Management is the top shareholder in The Procter & Gamble Company (NYSE:PG) and has stakes worth $3.52 million. The investment covers 2.49% of the fund’s 13F portfolio.