5 Best Widow and Orphan Stocks To Buy

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

Number of Hedge Fund Holders: 75

The Procter & Gamble Company (NYSE:PG) is one of the best-known consumer goods multinational national corporations in the world. The company offers its products under famous brands like Olay, Always, Ariel, and others.

According to Insider Monkey’s database, 75 hedge funds held a stake in The Procter & Gamble Company (NYSE:PG)’s stock in Q3, up from 74 in the second quarter. After an increase of 106%, Ken Fisher’s Fisher Asset Management was the most significant shareholder of the company, with nearly 10 million shares worth $1.458 billion.

On November 13, Jefferies initiated coverage of The Procter & Gamble Company (NYSE:PG) with a Buy rating and a $177 price target. According to the analyst, the company will witness leading top and bottom-line growth over the coming four years.

ClearBridge Investments mentioned The Procter & Gamble Company (NYSE:PG) in its second quarter 2023 investor letter. Here is what it said:

“Reinforcing defensive exposure and pushing our consumer staples positioning from underweight to overweight the benchmark, we added The Procter & Gamble Company (NYSE:PG), a leading consumer products company with leading franchises in a variety of stable categories, including fabric care, baby, beauty and health. It is a high-quality company with a track record of superior growth, market share gains and attractive returns on capital. It also has defensive attributes when economic conditions deteriorate. Procter & Gamble is a sustainability leader with a demonstrated commitment to addressing environmental and social objectives in how it manages the business, and it has above-average corporate governance practices. Many Procter & Gamble products have a positive impact by promoting hygiene, self-care or health.”