5 Best Stocks to Buy According to Billionaire Jeffrey Talpins

In this article, we discuss 5 best stocks to buy according to billionaire Jeffrey Talpins. If you want to see more holdings of the billionaire, click 10 Best Stocks to Buy According to Billionaire Jeffrey Talpins. 

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

Element Capital Management’s Stake Value: $102,876,000

Percentage of Element Capital Management’s 13F Portfolio: 6.61%

Number of Hedge Fund Holders: 67

The Procter & Gamble Company (NYSE:PG) is an American multinational corporation that markets and distributes branded consumer packaged goods in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. Billionaire Jeffrey Talpins’ hedge fund owned a stake worth $102.8 million in The Procter & Gamble Company (NYSE:PG) in the fourth quarter of 2021. 

On April 20, The Procter & Gamble Company (NYSE:PG) posted its financial results for the first fiscal quarter of 2022. The company announced earnings per share of $1.33, ahead of analysts’ forecasts by $0.04. The $19.38 billion revenue outperformed estimates by almost $688 million. 

The Procter & Gamble Company (NYSE:PG) declared on April 12 a $0.9133 per share quarterly dividend, a 5% increase from its prior dividend of $0.8698. The dividend is payable on May 16, to shareholders of the company as of April 22. The Procter & Gamble Company (NYSE:PG) is a significant dividend king, with a 66-year history of consecutive dividend growth. 

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

According to Insider Monkey’s Q4 data, 67 hedge funds were bullish on The Procter & Gamble Company (NYSE:PG), with collective stakes amounting to $6.6 billion. Rajiv Jain’s GQG Partners held the largest position in the company, with 7.5 million shares worth $1.2 billion.