#6 - Procter & Gamble (NYSE:PG)
If you want to invest like Buffett, you’ll want to consider consumer staples stocks. From there, it's not hard to connect the dots to Procter & Gamble Co. (NYSE: PG), another Buffett favorite.
Procter & Gamble is a defensive stock that includes a portfolio of some of the best-known brands, such as Tide, Crest, and Gillette. Not only does the company include price-points for many income levels, but it also reaches a wide demographic base.
P&G's earnings have continued to grow on a year-over-year basis, but the growth has been slowing. However, with consumers perhaps getting some relief from interest rates, investors can expect to see a reacceleration of this growth heading into 2025.
At 24.9x forward earnings, PG is fairly valued. However, over the last 10 years, PG stock has delivered a total return of 172.5%. That includes a dividend that has grown for 69 consecutive years with an annualized rate of 6.69% over the last three years.
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 about Procter & Gamble- Current Price
- $170.59
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 16 Buy Ratings, 6 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $181.50 (6.4% Upside)
