Louis Navellier’s Top 15 Long-Term Stock Picks

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

Number of Hedge Fund Holders: 68

Navellier & Associates’ Stake: $3.9 million

The Procter & Gamble Company (NYSE:PG) provides branded consumer packaged goods. In the fourth quarter of fiscal year 2024, the total net sales were $84 billion, showing a 2% increase from the previous year. In addition, the company announced a 7% dividend increase, marking the 68th consecutive annual dividend increase. This demonstrates the company’s ability to maintain long-term profitability and generate stable cash flows, which is an appealing factor for investors. Moreover, P&G recently announced a $96 million expansion of the Central Louisiana Fabric Care product manufacturing facility. This initiative will help create 15 direct new jobs with an average annual salary of $70,000 while retaining 572 current positions. Louisiana Economic Development estimates the project will result in the creation of 35 indirect new jobs for a total of 50 potential new jobs in the Central Region.

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