Five Dividend Kings to Buy Based on Billionaire Investors’ Sentiment

Next in line is another consumer stock, Procter & Gamble Co (NYSE:PG), in which also seven billionaires reported stakes as of the end of December, down from nine investors a quarter earlier. The billionaires in our database have amassed around $5.27 billion worth of Procter & Gamble’s shares, while the largest position is held by Warren Buffett‘s Berkshire Hathaway and contains 52.79 million shares valued at $4.19 billion. Billionaires Ken Fisher’s Fisher Asset Management, Ken Griffin’s Citadel Investment Group and Mario Gabelli’s GAMCO Investors are also among the investors long Procter & Gamble.

Procter & Gamble Co (NYSE:PG)’s stock has appreciated by 40% during the last 10 years and the company pays a dividend of $0.66 per share, which yields 3.19%. The management is committed to returning capital to shareholders and it has paid out around $60 billion through dividends and buybacks for the last five years. The company, also affected by a stronger dollar, has put some cost cuts in place in order to boost its bottom line and it currently aims to further increase the capital return program to $70 billion by fiscal 2019. In addition, to raise cash Procter & Gamble Co (NYSE:PG) plans to sell more brands from its portfolio, such as Duracell, which was acquired by Berkshire Hathaway.