5 Best Dividend Achievers to Buy According to Hedge Funds

In this article, we will be looking at the 5 best dividend achievers to buy according to hedge funds. If you want to see our detailed analysis of dividend investing, you can go directly to the 10 Best Dividend Achievers to Buy According to Hedge Funds.

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

Number of Hedge Fund Holders: 70
Dividend Yield: 2.47%
Number of Years of Consistent Dividend Growth: 65

The Procter & Gamble Company (NYSE: PG), an American consumer goods corporation, operates across the globe to provide a range of consumer packaged goods across the globe. The company ranks 5th on our list of the best dividend achievers to buy according to hedge funds.

UBS has a Neutral rating on The Procter & Gamble Company (NYSE: PG) with a $138 price target set by analyst Peter Grom as of this June.

In the fiscal third quarter of 2021, The Procter & Gamble Company (NYSE: PG) had an EPS of $1.26, beating estimates by $0.07. The company’s revenue was $18.11 billion, up 5.2% year over year and beating estimates by $147.79 million. The Procter & Gamble Company (NYSE: PG) has also gained 8.05% in the past 6 months and 2.20% year to date.

By the end of the first quarter of 2021, 70 hedge funds out of the 866 tracked by Insider Monkey held stakes in The Procter & Gamble Company (NYSE: PG) worth roughly $8.53 billion. This is compared to 83 hedge funds in the previous quarter with a total stake value of approximately $10.4 billion.