10 Best Stocks to Buy According to Billionaire Ray Dalio

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

Total Number of Shares Owned: 3,595,067

Total Value of Shares Owned: $592,898,450

Number of Hedge Fund Investors: 64

Ranking 3rd in our list of the 10 best stocks to buy according to billionaire Ray Dalio is The Procter & Gamble Company (NYSE:PG). In Q2 2024, The Procter & Gamble Company (NYSE:PG) reported net sales of $20.6 billion, a 6% increase from last year, with net income reaching $3.5 billion. This growth was driven by success in various product areas, especially health care and beauty, due to effective pricing and loyal customers.

A major factor in The Procter & Gamble Company (NYSE:PG)’s success is its focus on innovation and sustainability, as seen in recent product launches that emphasize eco-friendly options, appealing to consumers who care about the environment. The Procter & Gamble Company (NYSE:PG) has also adopted cost-saving measures that have improved its profit margins despite rising costs, thanks to efficient supply chain management and operations. Additionally, The Procter & Gamble Company (NYSE:PG)’s efforts to enhance its digital presence have improved its e-commerce capabilities, allowing it to connect better with consumers in an evolving retail market.

Bridgewater Associates holds 3,595,067 shares of The Procter & Gamble Company (NYSE:PG), valued at $592.9 million.