Billionaire Ray Dalio’s Bridgewater Is Crazy About These 15 Stocks

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

Bridgewater Associates’ Stake Value as of Q3: $277.3 million

Number of Hedge Fund Holders: 68

The Procter & Gamble Company (NYSE:PG) is one of the world’s largest consumer goods corporations, boasting a portfolio of over 80 iconic brands, including Gillette and Oral-B, catering to consumers globally.

In its fiscal Q1 2025 earnings report, The Procter & Gamble Company (NYSE:PG) fell short of sales and net income expectations but exceeded forecasts for adjusted profit. Sales dipped 1% year-over-year to $21.74 billion, below the $21.99 billion consensus estimate. Net income declined to $3.99 billion from $4.56 billion the previous year, missing the $4.60 billion forecast. However, adjusted profit, which factored in $800 million in restructuring costs related to operations in Argentina and Nigeria, came in at $4.76 billion, slightly above analyst projections.

On November 25, DA Davidson upgraded The Procter & Gamble Company (NYSE:PG) from Neutral to Buy and raised its price target significantly, from $160 to $209. The upgrade was driven by the company’s strong performance in China, where 11/11 sales met expectations, and SK-II, its luxury skincare brand, recorded year-over-year growth following the September launch of its LXP product line. These have bolstered the firm’s confidence in P&G’s ability to achieve organic sales growth of 4%-6% in the second half of fiscal 2025.