In this article, we discuss 10 best feminist stocks to invest in. If you want to read about some more feminist stocks, go directly to 5 Best Feminist Stocks to Invest In.
Gender parity initiatives at prominent companies that trade on stock markets in the United States have become all too common in the past few years. However, the impact that these initiatives are having on improving the gender pay gap is still debatable. According to data gathered by ExecuShe, a gender data company based in Sweden, women only own only about 1% of total shares in S&P 500 companies, even though they account for nearly 25% of total top executives at these businesses.
This is despite the fact that many of these firms, including giants like Citigroup Inc. (NYSE:C), General Motor Company (NYSE:GM), and Oracle Corporation (NYSE:ORCL), have women in chief executive roles. According to Andreas Hoepner, a scientific adviser and professor of operational risk, banking, and finance at University College Dublin, this is because a lot of S&P 500 firms are still run by their founders, none of whom are female. Hoepner also added that more women are in minor roles like HR Officers, which pay less than other top leadership jobs.
These statistics are worrying in light of the fact that top executives at S&P 500 firms were paid a median of $15.8 million in 2021. This represents an increase of more than 26% from 2020, according to a report by corporate leadership data provider Equilar. Some industries, per the report, are better at gender parity than others. These include household and personal products and pharmaceuticals. The energy and semiconductors firms, meanwhile, exhibit the largest gender disparities in the US economy.
Our Methodology
The prominent companies on the benchmark S&P 500 that are led by women were selected for the list. In order to provide readers with some context for their investment choices, the business fundamentals and analyst ratings for the stocks are also discussed. Data from around 900 elite hedge funds tracked by Insider Monkey in the second quarter of 2022 was used to identify the number of hedge funds that hold stakes in each firm.
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Best Feminist Stocks To Invest In
10. Ventas, Inc. (NYSE:VTR)
Number of Hedge Fund Holders: 19
CEO: Debra A. Cafaro
Ventas, Inc. (NYSE:VTR) operates at the intersection of two powerful and dynamic industries – healthcare and real estate. It is one of the best feminist stocks to invest in. On October 3, Ventas announced that its management will participate in investor meetings at Mizuho Healthcare REIT Conference 2022.
On October 10, KeyBanc analyst Austin Wurschmidt maintained an Overweight rating on Ventas, Inc. (NYSE:VTR) stock and lowered the price target to $56 from $60, noting that labor challenges remain a headwind for senior housing operators.
Among the hedge funds being tracked by Insider Monkey, Boston-based investment firm AEW Capital Management is a leading shareholder in Ventas, Inc. (NYSE:VTR), with 2.7 million shares worth more than $140 million.
Just like Citigroup Inc. (NYSE:C), General Motor Company (NYSE:GM), and Oracle Corporation (NYSE:ORCL), Ventas, Inc. (NYSE:VTR) is one of best feminist stocks to buy now according to hedge funds.
9. Best Buy Co., Inc. (NYSE:BBY)
Number of Hedge Fund Holders: 26
CEO: Corie Barry
Best Buy Co., Inc. (NYSE:BBY) retails technology products in the United States and Canada. It is one of the top feminist stocks to invest in. On October 10, Best Buy Co., Inc. (NYSE:BBY) revealed that it is offering holiday discounts and services through the end of December. The company also announced that it is launching its Member Mondays program for members of the Totaltech and My Best Buy membership program.
On August 31, Truist analyst Scot Ciccarelli maintained a Hold rating on Best Buy Co., Inc. (NYSE:BBY) stock and raised the price target to $69 from $67, noting that the sales environment for the firm remains very challenging after in line Q2 earnings.
At the end of the second quarter of 2022, 26 hedge funds in the database of Insider Monkey held stakes worth $406.8 million in Best Buy Co., Inc. (NYSE:BBY), compared to 25 the preceding quarter worth $251.5 million.
8. Duke Energy Corporation (NYSE:DUK)
Number of Hedge Fund Holders: 30
CEO: Lynn J. Good
Duke Energy Corporation (NYSE:DUK) operates as an energy company in the United States. It is one of the elite feminist stocks to invest in. On October 4, Duke Energy revealed its plan to spend $145 billion over next 10 years for critical energy infrastructure. This plan represents an increase of $10 billion from its previous 10-year plan. The company also aims to achieve net zero carbon emission by 2050.
On October 20, investment advisory KeyBanc maintained an Overweight rating on Duke Energy Corporation (NYSE:DUK) stock and lowered the price target to $108 from $116. Analyst Sophie Karp issued the ratings update.
7. Tapestry, Inc. (NYSE:TPR)
Number of Hedge Fund Holders: 36
CEO: Joanne Crevoiserat
Tapestry, Inc. (NYSE:TPR) provides luxury accessories and branded lifestyle products in the United States, Japan, Greater China, and internationally. It is one of the premier feminist stocks to invest in. On September 27, Kate Spade New York and Tapestry aligned with Harlem’s Fashion Row as part of their efforts to further the next generation of diverse creatives. Both companies have made a three-year partnership with Harlem Fashion Row.
On August 22, Barclays analyst Adrienne Yih maintained an Overweight rating on Tapestry, Inc. (NYSE:TPR) stock and raised the price target to $43 from $39, noting that the company was overcoming currency and China headwinds due to a strong domestic performance.
At the end of the second quarter of 2022, 36 hedge funds in the database of Insider Monkey held stakes worth $535 million in Tapestry, Inc. (NYSE:TPR), compared to 39 in the preceding quarter worth $605.7 million.
In its Q3 2021 investor letter, Ariel Investments, an asset management firm, highlighted a few stocks and Tapestry, Inc. (NYSE:TPR) was one of them. Here is what the fund said:
“Luxury accessory and lifestyle brand, Tapestry, Inc. (NYSE:TPR) was the top contributor to performance over the trailing one-year period. Revenue improvement across all three brands with a notable increase in consumer demand, particularly for the Coach business, triple-digit growth in e-commerce, and better than expected pricing, drove margins higher. Looking ahead, we expect Tapestry, Inc. (NYSE:TPR) supply chain and SKU rationalization initiatives to continue to deliver margin expansion. Together, with early signs of improved receptivity for the Kate Spade brand, we believe a significant value creation opportunity lies ahead.”
6. Walgreens Boots Alliance, Inc. (NASDAQ:WBA)
Number of Hedge Fund Holders: 40
CEO: Rosalind Brewer
Walgreens Boots Alliance, Inc. (NASDAQ:WBA) operates as a pharmacy-led health and beauty retail company. It is one of the prominent feminist stocks to invest in. On October 16, top executives of Walgreen Boots Alliance stated that the firm was raising its fiscal 2025 sales target for the US healthcare division by 20% to between $1 billion and $2 billion. On October 11, Walgreen Boots Alliance revealed that it is expanding its reach into the growing home care sector and accelerating its plan to acquire CareCentrix.
On October 19, investment advisory RBC Capital maintained a Sector Perform rating on Walgreens Boots Alliance, Inc. (NASDAQ:WBA) stock and lowered the price target to $36 from $42. Analyst Ben Hendrix issued the ratings update.
At the end of the second quarter of 2022, 40 hedge funds in the database of Insider Monkey held stakes worth $599 million in Walgreens Boots Alliance, Inc. (NASDAQ:WBA), compared to 38 in the previous quarter worth $737 million.
Along with Citigroup Inc. (NYSE:C), General Motor Company (NYSE:GM), and Oracle Corporation (NYSE:ORCL), Walgreens Boots Alliance, Inc. (NASDAQ:WBA) is one of best feminist stocks to buy now according to hedge funds.
In its Q1 2022 investor letter, Aristotle Capital Management, an asset management firm, highlighted a few stocks and Walgreens Boots Alliance, Inc. (NASDAQ:WBA) was one of them. Here is what the fund said:
“We first invested in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) in early 2013. Over our holding period, Walgreens merged with U.K.-based Boots Alliance, establishing itself as a global leading retail pharmacy chain. CEO Stefano Pessina set the company on a path of pursuing strategic partnerships (as opposed to vertical integration deals) to increase store traffic and to, over time, transform the business into a neighborhood health destination around a more modern pharmacy. Using its strong FREE cash flow generation, Walgreens Boots Alliance, Inc. (NASDAQ:WBA) ramped up its investments in technology, aiming to accelerate the digitalization of health information. Mr. Pessina was not successful, however, at turning around the firm’s U.S. retail segment and had to deal with increasing prescription drug reimbursement pressures. He stepped down as CEO in 2020, and in 2021, Roz Brewer took the reins of the firm. We admire Ms. Brewer’s impressive track record at companies that include Starbucks (NASDAQ:SBUX) and Walmart (Sam’s Club). However, given management’s decision to divest core cash-generative businesses and redeploy capital to embryonic healthcare startups, we prefer to step aside while we follow Walgreens Boots Alliance, Inc. (NASDAQ:WBA) progress.”
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Disclosure. None. 10 Best Feminist Stocks to Invest In is originally published on Insider Monkey.