5 Best Blue Chip Stocks To Buy Now

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

Number of Hedge Fund Holders: 69  

Consecutive Years of Dividend Payouts: 65    

Dividend Yield: 2.18%  

Consumer staples stocks like The Procter & Gamble Company (NYSE:PG) do not make investors rich very quickly. However, for those prepared to wait for their investment to mature, The Procter & Gamble Company (NYSE:PG) is certainly more than just a wealth preservation vehicle. The Procter & Gamble Company (NYSE:PG) has grown free cash flows over the past five years at a rate of more than 5%. The firm also appears well-positioned, according to analysts, to improve efficiency and maintain industry-leading profitability in 2022. 

Among the hedge funds being tracked by Insider Monkey, London-based investment firm Cedar Rock Capital is a leading shareholder in The Procter & Gamble Company (NYSE:PG)  with 7.4 million shares worth more than $1 billion.