5 Best Beauty Stocks To Buy Now

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

Number of Hedge Fund Holders: 72

The Procter & Gamble Company (NYSE:PG) is a consumer goods conglomerate founded in 1837. It operates through its segments: Beauty, Grooming, Health Care, Fabric and Home Care; and Baby, Feminine & Family Care. The company is a dividend giant, boasting 65 consecutive years of payout increases. Its yield stands at 2.46% as of May 31.

Barclays analyst Lauren Lieberman on April 22 kept an ‘Overweight’ rating on The Procter & Gamble Company (NYSE:PG) shares, and increased the price target to $176 from $167. The analyst expects the company’s results to “set an extremely high bar” for the larger industry and ultimately serve to reaffirm its “widened fundamental performance gap.”

Investors realize the stability and upward potential offered by The Procter & Gamble Company (NYSE:PG), and loaded up on the stock at the close of the first quarter, where 72 hedge funds owned stakes in the company. This is in contrast to 67 hedge funds in the preceding quarter. GQG Partners increased its stake in The Procter & Gamble Company (NYSE:PG) by 32% over the first quarter, standing at 9.91 million shares priced at $1.51 billion. This made it the firm’s most prominent shareholder.

The Procter & Gamble Company’s (NYSE:PG) revenue for the first quarter was recorded at $19.4 billion, beating consensus estimates by $687.8 million. EPS of $1.33 was also above Street forecasts by $0.04. 

You can also take a look at 12 Best Telemedicine Stocks To Buy and 12 Most Influencial Chinese Entrepreneurs.

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