Billionaire Ray Dalio is Buying These 5 Stocks

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

Ray Dalio’s Bridgewater Associates Stake Value: $641 million

Bridgewater Associates 13F Portfolio: 4.11%

Number of Hedge Fund Holders: 68

The consumer staples giant Procter & Gamble Company (NYSE:PG) is among the best stocks to buy according to billionaire Ray Dalio. His hedge fund lifted its stake in PG by 47% to $641 million worth of shares at the end of the second quarter, accounting for 4.11% of the overall portfolio. The company has also been increasing dividends for 64 years in a row. Its dividend yield currently stands at 2.55%.

The Procter & Gamble Company has experienced a decrease in hedge fund interest in recent months. It was in 68 hedge funds’ portfolios at the end of the second quarter of 2021 compared to 70 positions in the previous quarter.