5 Best Beauty Stocks To Invest In

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

Number of Q4 2023 Hedge Fund Shareholders: 71

The Procter & Gamble Company (NYSE:PG) is a mega beauty and grooming company headquartered in Columbus, Ohio. Its latest financial results, revealed in January 2024, also saw The Procter & Gamble Company (NYSE:PG) continue to deal with the impact of its Gilette business by cutting down 2024 profit forecasts.

71 out of the 933 hedge funds part of Insider Monkey’s database had bought the firm’s shares in Q4 2023. The Procter & Gamble Company (NYSE:PG)’s largest hedge fund investor is Ken Fisher’s Fisher Asset Management as it owns 10.5 million shares that are worth $1.5 billion.

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Should you invest $1,000 in Procter&Gamble right now?

Before you buy stock in PG, consider this:

The Insider Monkey Quarterly Newsletter just identified what we believe are the 14 best stocks for investors to buy now… and PG wasn’t one of them. The 14 stocks that made the cut could produce monster returns in the next few months.

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Disclosure: None. You can also take a look at 11 Most Undervalued Cybersecurity Stocks To Buy According To Analysts and Jim Cramer Made Accurate Predictions About These 9 Stocks.

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