Billionaire Ray Dalio’s Bridgewater Associates 13F Portfolio: Top 5 Stock Picks

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

Number of Hedge Fund Holders: 71

Ray Dalio’s Bridgewater Associates’ Holdings: $835,201,000

Percentage of Ray Dalio’s Bridgewater Associates’ Portfolio: 4.22%

The Procter & Gamble Company (NYSE:PG) is a Cincinnati, Ohio-based consumer goods company.

In a research note issued on October 20, Lauren Lieberman at Barclays increased the price target on The Procter & Gamble Company (NYSE:PG) from $139 to $145 and reiterated an Overweight rating on the stock. The analyst highlighted that the company’s Q1 FY23 results were better than expected.

Experts believe that The Procter & Gamble’s (NYSE:PG) unit sales are stable and more profitability can be expected in Q2 and Q3 of FY23 as inflation is expected to ease. The Procter & Gamble Company (NYSE:PG) is also set to experience the tailwind of its savings initiatives, reaching its peak in the second half of 2023. Furthermore, commodities rates and supply chain-related challenges are expected to reduce in FY23 as well, boosting The Procter & Gamble Company’s (NYSE:PG) margins. The Procter & Gamble Company (NYSE:PG) offers an annual forward dividend yield of 2.59% as of November 14.

Of the 895 hedge funds in Insider Monkey’s database, The Procter & Gamble Company (NYSE:PG) was held by 71 hedge funds as of Q2 2022.

You can also take a peek at Biggest ESG Companies in the World and the 15 Most Valuable NASDAQ Companies.

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