5 Best Dividend Stocks to Buy According to Terry Smith

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

Smith’s Stake Value: $11,452,000
Percentage of Terry Smith’s 13F Portfolio: 0.03%
Dividend Yield: 2.58%
Number of Hedge Fund Holders: 70

The Procter & Gamble Company (NYSE: PG) supplies branded consumer packaged goods to consumers. The company was founded in 1837 and stands fourth on the list of 10 best dividend stocks to buy according to Terry Smith. The Procter & Gamble shares have gained 13.17% over the last 12 months.

On June 23, the stock was upgraded at UBS with a “Neutral” rating and a price target of $138. On April 20, Procter & Gamble posted revenue for the third quarter of 2021. The revenue was $18.11 billion, up 5.2% YoY, beating the estimates by $150 million. On April 13, Procter & Gamble (NYSE: PG) announced a quarterly dividend of $0.8698 per share, which was 10% increase from its prior dividend of $0.7907. 

Fundsmith LLP holds 84,563 shares in the company worth over $11 million. Smith’s hedge fund increased its stake in the company by 122% in the first quarter. Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm Trian Partners is the biggest stakeholder of the company with 8.88 million shares, worth $1.20 billion.