#1 - Procter & Gamble (NYSE:PG)
If investors are indeed moving towards more risk off assets that’s a bullish signal for consumer staples stocks like Procter & Gamble (NYSE:PG). Investors may not be that excited about the 15% growth in the PG stock price over the last 12 months. But investors who have held the stock for the last five years have been rewarded with 88% stock price growth. And that’s to say nothing of the company’s dividend. Procter & Gamble is part of the exclusive Dividend King club and has increased its dividend payout in each of the last 63 years. And over the last three years, the company has posted an average dividend growth of 19.67%.
In the year that ended in June 2021, Procter & Gamble posted year-over-year revenue growth of 7% and earnings growth of 10%. While that growth may not sound that impressive, it serves as a reminder that consumers continue to buy the company’s products even as the economy reopened.
About Procter & Gamble
Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.
More- Current Price
- $168.16
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 15 Buy Ratings, 7 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $180.53 (7.4% Upside)
