5 Best Stocks to Buy According to Billionaire Ray Dalio

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

Dalio’s Stake Value: $435,899,000
Percentage of Ray Dalio’s 13F Portfolio: 3.84%
Number of Hedge Fund Holders: 70

The Procter & Gamble Company (NASDAQ: PG) is also considered as a dividend king amid its 64 successive years of dividend growth history. Bridgewater Associates appears bullish over the future fundamentals of PG. This is reflecting from a huge stake increase in the first quarter. The firm raised its existing position by 19% in PG to 3.84% of the portfolio. The company currently offers a dividend yield of 2.55%.

The Procter & Gamble Company has experienced a decrease in hedge fund interest in recent months. It was in 70 hedge funds’ portfolios at the end of the first quarter of 2020 compared to 83 positions in the previous quarter.