5 Boring Stocks That Make Money

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

Number of Hedge Fund Holders: 68

Dividend Yield: 2.37%

Trailing P/E: 25.82

Forward P/E: 22.23

Consumer staple behemoth The Procter & Gamble Company (NYSE:PG) ranks third on the list of 10 boring stocks that make money. The Ohio-based company manufactures and sells branded consumer products under Tide, Downy, Pampers, Olay, Oral-B, Neurobion, and Mr. Clean.

The Procter & Gamble Company (NYSE:PG) has a long history of dividend growth, having to increase its dividends in the last 65 years. The company currently pays an annual dividend of $3.48 per share and has a payout ratio of 58.94%.

On September 7, Morgan Stanley analyst Dara Mohsenian reiterated an Overweight rating on The Procter & Gamble Company (NYSE:PG) and increased his price target for the stock to $161 from $160. 

In the second quarter of 2021, The Procter & Gamble Company (NYSE: PG) reported an EPS of $1.13, beating estimates by $0.04. The company’s fourth-quarter revenue grew 7% year over year to $18.95 billion and beat revenue estimates by $569.63 million. 

At the end of the second quarter of 2021, 68 hedge funds in the database of Insider Monkey held stakes worth $6.93 billion in The Procter & Gamble Company (NYSE: PG), down from 70 in the previous quarter worth $8.53 billion.