5 Best Widow and Orphan Stocks To Buy

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

Number of Hedge Fund Holders: 69

Dividend Yield as of December 21: 2.40%

The Procter & Gamble Company (NYSE:PG) is an American multinational company that provides branded consumer packaged goods worldwide. It operates through five segments – Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care. The Procter & Gamble Company (NYSE:PG) is a reliable dividend king, as the company has raised its dividend payouts consistently for the last 66 years. The company’s latest quarterly dividend of $0.9133 per share was distributed on November 15. It is one of the premier widow and orphan stocks to invest in. 

On December 6, investment advisory Deutsche Bank raised the firm’s price target on The Procter & Gamble Company (NYSE:PG) to $162 from $156 and reiterated a Buy rating on the shares. Analyst Steve Powers issued the ratings update. 

According to Insider Monkey’s data, 69 hedge funds were bullish on The Procter & Gamble Company (NYSE:PG) at the end of September 2022, compared to 71 funds in the prior quarter. Ray Dalio’s Bridgewater Associates is the biggest position holder in the company, with 6.6 million shares worth $835.20 million. 

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