Donald Yacktman Praises Procter & Gamble on CNBC (PG)

With shares of dividend stalwart Procter and Gamble (PG) trading at a 52-week high, the sensible investor, Donald Yacktman talked his book this week, singing the stock’s praises on CNBC.

Like most value-oriented investors Yacktman declined making a prognostication about where the market will be in one year’s time, citing his preference to pick stocks based on their inherent value. As of his latest quarterly filing Yacktman’s fund owned 27,752,099 shares of P&G, representing a $2,142,462,043 allocation by the fund. Yacktman explains his high level thesis on his fund’s second largest holding — which owns well known household brands like Vicks, Oral-B and Tide — is that the company is much more attractive than a AAA rated government bond.

Yacktman’s fund also boasts broadly owned dividend payers including News Corp. (NWSA), PepsiCo (PEP), Coca-Cola (KO) and Johnson & Johnson (JNJ) amongst its top 10 holdings.

The Bottom Line
Shares of PG currently offer a 2.91% dividend yield based on Wednesday’s closing price of $77.20 and an annual payout of $2.25 per share.

PG is not recommended at this time, holding a DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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