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Procter & Gamble is seen as a haven during economic hardships and recessions due to its position as a leader in the consumer staples sector. The company has shown consistent revenue and EPS growth, and has a strong track record of increasing dividends for over 67 years. While Procter & Gamble offers promising growth opportunities and a commitment to shareholders, its current valuation is high and leaves no margin of safety in uncertain business conditions.

CPI increased to 3.7% YoY due to rising energy and gasoline prices, breaking its downtrend since October 2022, suggesting a higher for longer scenario. I plan to invest in defensive dividend-paying stocks, particularly in consumer staples and discretionary companies, to protect against inflation and high interest rates. Procter & Gamble is a well-positioned consumer staples company with strong pricing power, organic growth, and a shareholder-friendly capital policy. I rate PG as hold with a price target of $175 in three years.

In a unanimous vote, advisors said oral versions of phenylephrine – a nasal decongestant found in versions of drugs like Nyquil and Benadryl – isn't effective.

Procter & Gamble's (PG) focus on productivity and cost-saving plans to boost margins, along with pricing actions bode well.

Procter & Gamble is a Dividend King. The consumer goods maker owns iconic brands.

The Procter & Gamble Company (NYSE:PG ) Barclays Global Consumer Staples Conference September 6, 2023 10:30 AM ET Company Participants Andre Schulten - Chief Financial Officer Jon Moeller - Chairman, President, Chief Executive Officer Conference Call Participants Lauren Lieberman - Barclay Unidentified Company Representative P&G would like to remind you that today's discussion will include a number of forward-looking statements. If you will refer to P&G's most recent 10-K, 10-Q and 8-K report, you will see a discussion of factors that could cause the company's actual results to differ materially from these projections.

Procter & Gamble shares aren't cheap, but they merit their rich valuation. The consumer goods giant's sheer size gives it an advantage over competitors.

CINCINNATI--(BUSINESS WIRE)--Jon R. Moeller, Chairman of the Board, President and Chief Executive Officer and Andre Schulten, Chief Financial Officer of The Procter & Gamble Company (NYSE:PG) will be featured speakers at the Barclays Global Consumer Staples Conference on Wednesday, September 6, 2023, at 10:30 A.M. ET (Eastern Time). Media and investors may access the live audio webcast at www.pginvestor.com beginning at 10:30 A.M. ET. The webcast will also be available for replay. About Pro.

We estimate Procter & Gamble's valuation to be around $172 per share, implying roughly 10% gains.

Procter & Gamble has increased its dividend for 67 consecutive years. Federal Realty has hiked its annual payment for 56 years in a row.