Dow 30 Stocks List: 15 Stocks Ranked By 2022 Hedge Fund Bullishness Index

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

Number of Hedge Fund Holders as of Q3, 2022: 69

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 it 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.

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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