5 Best Cheap Stocks To Buy Now According To Ray Dalio

3. Kimberly Clark Corporation (NYSE:KMB)

Kimberly Clark Corporation (NYSE:KMB), the American personal care corporation, is a new addition to Bridgewater’s 13F portfolio at the end of September. Dalio’s stake is worth almost $25 million, consisting of 168,674 shares. The stock is trading at a modest trailing PE ratio of 20; hence, KMB made its way into our top 5 cheap stocks bought by Ray Dalio.

Hedge funds had been getting more optimistic about Kimberly Clark Corporation, as 41 funds tracked by Insider Monkey held long positions in the stock at the end of Q2, up by 4 from Q2. The company shows strong third-quarter results. Sales have increased by 1% to $4.7 billion compared to the year-ago period, mainly due to pandemic-driven demand. Here is what Chairman and CEO Mike Hsu said with regards to the company’s third-quarter results:

“We delivered solid organic sales growth in the third quarter, with good underlying performance and increased demand because of COVID-19. We also achieved $140 million of cost savings and returned approximately $560 million to shareholders through dividends and share repurchases. While earnings in the quarter were down as expected, we’re raising our full-year outlook and now expect adjusted earnings per share will grow 9 to 11 percent this year. We continue to execute our strategies well and remain very optimistic about our opportunities to deliver balanced and sustainable growth and create long-term shareholder value.”