In this article, we will take a look at 5 safe stocks to invest in for the long term in 2023. To see more such companies, go directly to 12 Safe Stocks To Invest In For The Long-term in 2023.
5. The Procter & Gamble Company (NYSE:PG)
Number of Hedge Fund Holders: 74
The Procter & Gamble Company (NYSE:PG) is a multinational corporation focused on consumer goods, and its headquarters are situated in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, the company provides a diverse array of branded consumer packaged goods worldwide. Its operations encompass multiple segments, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.
As of October 24, The Procter & Gamble Company (NYSE:PG) extends a quarterly dividend of $0.9407 per share, yielding 2.51%. During fiscal Q1 2024, it distributed $2.3 billion to shareholders in dividends. Notably, the company has maintained a record of continuous dividend increases spanning the past 67 years.
According to Insider Monkey’s second quarter database, 74 hedge funds were bullish on the Procter & Gamble Company (NYSE:PG), compared to 75 funds in the preceding quarter. Terry Smith’s Fundsmith LLP is the largest stakeholder of the company, with 4.84 million shares valued at $735.8 million.
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4. Walmart Inc. (NYSE:WMT)
Number of Hedge Fund Holders: 81
Walmart Inc. (NYSE:WMT) is a well-established American retail giant, renowned for its widespread network of hypermarkets, discount department stores, and grocery outlets strategically located throughout the United States. The company is headquartered in Bentonville, Arkansas.
Walmart Inc. (NYSE:WMT) has maintained an uninterrupted record of dividend increases over the past five decades, spanning 50 years. As of October 24, the company distributes a quarterly dividend of $0.57 per share, resulting in a dividend yield of 1.40%.
In Q2 2023, Walmart Inc. (NYSE:WMT) attracted substantial interest from hedge funds, with 81 hedge funds securing positions in the company, according to Insider Monkey’s database. The collective holdings of these hedge funds were valued at over $5.46 billion. Notably, investment firm D. E. Shaw emerged as the largest shareholder, boasting holdings valued at approximately $861.9 million.
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3. Johnson & Johnson (NYSE:JNJ)
Number of Hedge Fund Holders: 88
Johnson & Johnson (NYSE:JNJ), founded in 1886, is a renowned American multinational corporation celebrated for its pioneering contributions in medical devices, pharmaceuticals, and consumer packaged goods. Remarkably, the pharmaceutical division of the company has maintained an impressive record of consistent dividend growth, extending over 62 years. At present, Johnson & Johnson (NYSE:JNJ) issues a quarterly dividend of $1.19 per share, resulting in a dividend yield of 3.14% as of October 24.
During Q2 2023, the number of hedge funds monitored by Insider Monkey that held positions in Johnson & Johnson (NYSE:JNJ) rose to 88, up from 86 in the previous quarter. The combined stakes held by these hedge funds exceed a total value of $4.1 billion. The primary hedge fund investor in Johnson & Johnson (NYSE:JNJ) is Ray Dalio’s Bridgewater Associates, possessing a significant stake valued at approximately $526.58 million.
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2. Bank of America Corporation (NYSE:BAC)
Number of Hedge Fund Holders: 90
Bank of America Corporation (NYSE: BAC) is a leading American multinational investment bank and financial services holding company, with its headquarters located at the Bank of America Corporate Center in Charlotte, North Carolina. The bank serves a wide range of clients, including individual consumers, small and mid-sized businesses, institutional investors, large corporations, and governments on a global scale. The American banking institution delivers a quarterly dividend of $0.24 per share, generating a dividend yield of 3.80% as of October 24.
According to Insider Monkey’s second quarter database, 90 hedge funds were bullish on Bank of America Corporation (NYSE:BAC), compared to 91 in the prior quarter. Warren Buffett’s Berkshire Hathaway is the top stakeholder of the firm, with close to 1.03 billion shares worth approximately $29.6 billion.
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1. Berkshire Hathaway Inc. (NYSE:BRK-B)
Number of Hedge Fund Holders: 109
Berkshire Hathaway Inc. (NYSE:BRK-B) functions as a multifaceted multinational conglomerate holding company, headquartered in Omaha, Nebraska. Its primary sources of revenue are concentrated in the insurance sector. The proceeds generated through its insurance operations are intelligently dispersed among a wide array of subsidiaries, equity holdings, and various financial instruments. Particularly noteworthy is the company’s capacity to withstand market fluctuations, attributed to its diversified portfolio of businesses and investments spanning across various industries.
According to Insider Monkey’s database for the second quarter, 109 hedge funds showed bullish sentiments toward Berkshire Hathaway Inc. (NYSE:BRK-B), marking a slight increase from the 108 in the previous quarter. The largest stakeholder of the company is the Bill & Melinda Gates Foundation Trust, possessing an impressive holding of more than 25 million shares valued at approximately $8.5 billion.
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You can also take a look at 12 Best European ETFs to Buy and 12 Best Streaming and TV Stocks To Buy Now.
