7 Best Marketing Stocks to Buy According to Hedge Funds

6. The Interpublic Group of Companies, Inc. (NYSE:IPG)

Number of Hedge Fund Holders: 30

The Interpublic Group of Companies, Inc. (NYSE:IPG) ranks sixth on our list of the best marketing stocks to buy according to hedge funds. The advertising company operates across three major segments, Integrated Advertising & Creativity Led Solutions (IA&C), Media, Data & Engagement Solutions (MD&E), and Specialized Communications & Experiential Solutions (SC&E).

The Interpublic Group of Companies, Inc. (NYSE:IPG) is home to some of the world’s leading advertising and marketing brands including Acxiom, Craft, FutureBrand, Golin, Initiative, IPG Health, IPG Mediabrands, Jack Morton, McCann, Mediahub, and more. For the year ended 2023, the company generated $10.89 billion in revenue.

In the fiscal second quarter of 2024, the company logged $2.71 billion in revenue and $214.5 million in net income. Its subsidiaries, IPG Mediabrands and IPG Health led the results for the second quarter. Other subsidiaries also showed promising growth such as Deutsch LA, Golin, and Acxiom. The Interpublic Group of Companies, Inc. (NYSE:IPG) takes pride in delivering services with greater precision and accountability through the use of its industry-leading data and technology stack.

Keeping the macroeconomic environment in mind, The Interpublic Group of Companies, Inc. (NYSE:IPG) expects to achieve organic growth of 1% and through that growth, the company will sustain its net income. The company also has strong cash flows and value-added capital investments.