5 Defensive Stocks in Billionaire Ray Dalio’s Latest Portfolio

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

Number of Hedge Fund Holders: 72

Ray Dalio’s Bridgewater Associates’ Holdings: $1,042,648,000

Percentage of Ray Dalio’s Bridgewater Associates’ Portfolio: 4.22%

Stock Price as of June 24: $144.35

The Procter & Gamble Company (NYSE:PG) is a Cincinnati, Ohio-based consumer goods company.

The Procter & Gamble Company (NYSE:PG) experienced a 10% increase in sales. The Procter & Gamble Company (NYSE:PG) acts as a defensive stock because the products offered by the company, such as diapers and detergent, are necessary consumer staples with relatively inelastic demand. The Procter & Gamble Company (NYSE:PG) is also a dividend-paying stock with a forward yield of 2.76% as of June 24.

The Procter & Gamble Company’s (NYSE:PG) earnings may come under pressure due to currency headwinds as the US dollar gains strength against other global currencies following the expected interest rate hikes. However, the company generates nearly half of its earnings from the US, which acts in its favor. Moreover, The Procter & Gamble Company (NYSE:PG) has no exposure to food, which has come under notable pressure since the start of the conflict between Russia and Ukraine earlier this year.

The Procter & Gamble Company (NYSE:PG) was held by 72 hedge funds at the end of Q1 2022.

You can also take a peek at the 10 Stocks to Buy According to BlueSpruce Investments and 10 Best Stocks To Buy In 2022 According To Billionaire Mario Gabelli.

Follow Insider Monkey on Twitter