5 Stocks to Profit from Inflation

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

Number of Hedge Fund Holders: 72

Analysts are bullish on The Procter & Gamble Company (NYSE:PG) and the stock is on an upward trajectory, which is why we named it among our stock picks to profit from inflation. As of June 23, The Procter & Gamble Company’s (NYSE:PG) trailing twelve-month returns are up 6.85%. On June 21, Deutsche Bank analyst Steve Powers slashed his price target on The Procter & Gamble Company (NYSE:PG) to $157 from $171 but reiterated a Buy rating on the shares. On June 19, Goldman Sachs released their stock picks for investors looking to take up stakes in stable income companies, and The Procter & Gamble Company (NYSE:PG) was one of them.

At the close of Q1 2022, 72 hedge funds held stakes in The Procter & Gamble Company (NYSE:PG). The total value of these stakes came in at $6.06 billion. This is compared to 67 positions in the previous quarter with stakes worth $6.61 billion.

As of March 31, GQG Partners is the largest stakeholder in The Procter & Gamble Company (NYSE:PG) having stakes of more than $1.51 billion.