5 Best Vanguard Dividend Stocks with High Yields

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

Number of Hedge Fund Holders: 67

Dividend Yield (as of May 17): 2.35%

The Procter & Gamble Company (NYSE:PG) is a consumer staple giant with a range of popular brands in its portfolio. Demand for consumer products remains stable even during difficult economic times, which makes holding consumer stocks such as The Procter & Gamble Company (NYSE:PG) a good bet in today’s climate. The firm has managed to grow its dividend payments for the last 65 years in a row, and offers a sustainable yield of 2.35% as of May 17.

GQG Partners was the largest shareholder of The Procter & Gamble Company (NYSE:PG) at the close of Q1 2022, with 9.91 million shares valued at $1.51 billion. Of all the hedge funds tracked by Insider Monkey at the close of Q4 2021, 67 reported ownership of stakes in the consumer goods firm.

On April 21, Raymond James analyst Olivia Tong reiterated an ‘Outperform’ rating on The Procter & Gamble Company (NYSE:PG) shares and increased the price target to $180 from $175. She noted that solid demand in the consumer products segment is helping beat cost pressures, and the firm’s solid execution makes it well-positioned for continued outperformance. Deutsche Bank analyst Steve Powers also has a ‘Buy’ rating on The Procter & Gamble Company (NYSE:PG) shares, noting that the firm delivered organic growth well above expectations even within an uncertain macro backdrop.

As of May 18, The Procter & Gamble Company (NYSE:PG) has jumped 13.47% in the last 12 months, and 5.14% in the last 6 months. EPS for the first quarter was recorded at $1.33, beating estimates by $0.04. Quarterly revenue stood at $19.4 billion for the first quarter, outperforming estimates by $687.8 million.