5 Best Hair Care Stocks To Buy Now

Page 5 of 5

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

Number Of Hedge Fund Holders: 71

The Procter & Gamble Company (NYSE:PG) is an American multinational consumer goods corporation that provides a wide range of branded consumer products, including personal care and hygiene products. The company holds one of the strongest dividend histories, offering dividends to shareholders for the past 132 years.

On August 1, Truist analyst Bill Chappell lowered the price target on The Procter & Gamble Company (NYSE:PG) to $160 from $175 but maintained a Buy rating on the shares. Although the Q4 earnings miss has made the analyst somewhat cautious of the consumer environment, he remains adamant that the company’s premium-priced portfolio will win out in the end.

Ray Dalio’s Bridgewater Associates owned stakes worth over $970 million in The Procter & Gamble Company (NYSE:PG), becoming its largest stakeholder in Q2. Overall, 71 hedge funds tracked by Insider Monkey presented a bullish stance on the company in Q2, with stakes valued at over $5.5 billion.

You can also take a look at 10 Small-Cap Stocks that Pay Dividends and Warren Buffett’s 10 Favorite Dividend Stocks for the Rest of 2022.

Page 5 of 5