5 Most Undervalued Dow Stocks To Buy According To Hedge Funds

In this piece, we will take a look at the five most undervalued Dow stocks to buy according to hedge funds. If you want to take a deeper look at the index and its history, then check out 11 Most Undervalued Dow Stocks To Buy According To Hedge Funds.

5. American Express Company (NYSE:AXP)

Number of Hedge Fund Investors In Q2 2023: 73

Latest P/E Ratio: 16.11

American Express Company (NYSE:AXP) is one of the oldest companies to be added to the current variant of the Dow index since it was added in 1982. Considering that it is a stable business, the shares have delivered a reasonable 48% return over the past five years and analysts have penned in a hefty upside through an average share price target of $182.

73 out of the 910 hedge funds part of Insider Monkey’s database had invested in American Express Company (NYSE:AXP) as of Q2 2023 end. Out of these, the firm’s largest shareholder is Warren Buffett’s Berkshire Hathaway since it owns 151 million shares that are worth $26 billion.