5 Blue Chip Stocks to Buy Now According to Billionaire Ray Dalio

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

Bridgewater Associates’ Stake Value: $970,175,000

Percentage of Bridgewater Associates’ 13F Portfolio: 4.11%

Number of Hedge Fund Holders:

Cincinnati, Ohio-based The Procter & Gamble Company (NYSE:PG) is the world’s largest consumer goods company with products across beauty, grooming, health care, fabric & home care, and baby, feminine & family care segments. It is home to iconic brands such as Always, Febreze, Gillette, Head & Shoulders, Oral B, Pantene, Pampers, Tide, and Vicks.

Ray Dalio’s Bridgewater Associates holds 6,747,168 shares of The Procter & Gamble Company (NYSE:PG), accounting for 4.11% of its 13F portfolio, as of Q2 2022. The hedge fund has increased its stake by a blistering 150% during the last one and a half year. As a result, The Procter & Gamble Company (NYSE:PG) ranks #1 on our list of 5 and 10 Blue Chip Stocks to Buy Now According to Billionaire Ray Dalio.

In July, The Procter & Gamble Company (NYSE:PG) released its financial results for the quarter ended June 30, 2022. Its revenue increased by 3% y-o-y to $19.5 billion, while its net earnings increased by 5% y-o-y to $3.1 billion, for the three months. The normalized EPS was recorded at $1.21 for the quarter, missing the consensus by $0.02.

The Procter & Gamble Company (NYSE:PG) declared a quarterly cash dividend of $0.9133 per share in July. The company has been paying dividends for 132 consecutive years since incorporation in 1890, with 66 consecutive years of dividend increases.

As of Q2 2022, The Procter & Gamble Company (NYSE:PG) shares are held by 71 out of the 895 hedge funds tracked by Insider Monkey, with a total value of $5.5 billion. GQG Partners was the second largest hedge fund shareholder after Bridgewater Associates, with ownership of 5.7 million shares valued at $818 million.

You may also read 10 Blue Chip Stocks To Buy Now According To Billionaire Andreas Halvorsen and 10 EV Materials Stocks to Invest In.

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