Retirement Stock Portfolio: 5 Safe Consumer Stocks to Consider

4. The Procter and Gamble Company (NYSE:PG)

Number of Hedge Fund Holders: 69  

The Procter and Gamble Company (NYSE:PG) provides branded consumer packaged goods worldwide. It is one of the top safe consumer stocks for a retirement stock portfolio. On October 19, Procter & Gamble posted earnings for the first quarter of 2022, reporting earnings per share of $1.57, beating market estimates by $0.02. The revenue over the period was $20.61 billion, up 1.3% compared to the revenue over the same period last year and missing market estimates by $240 million. The firm is one of the most reliable dividend players on the market with a history stretching back over six decades. 

On October 20, Barclays analyst Lauren Lieberman maintained an Overweight rating on The Procter & Gamble Company (NYSE:PG) stock and raised the price target to $145 from $139, noting that the company’s fiscal first quarter results came in much better than feared.

At the end of the third quarter of 2022, 69 hedge funds in the database of Insider Monkey held stakes worth $4 billion in The Procter and Gamble Company (NYSE:PG), compared to 71 in the preceding quarter worth $5.5 billion.