12 Best Slow Growth Stocks to Invest In

2. Walmart Inc. (NYSE:WMT)

5-Year Revenue Growth: 5.38%

Dividend Yield: 0.86%

Number of Hedge Fund Holders: 104

Walmart Inc. (NYSE:WMT) ranks among the best slow growth stocks to invest in. DA Davidson boosted its price target for Walmart Inc. (NYSE:WMT) to $130 from $117 on November 21, maintaining a Buy rating on the retail giant’s shares. Walmart’s price target hike comes after the company’s solid third-quarter results, which included 4.5% comparable sales growth (excluding fuel) in the US, 3.8% growth at Sam’s Club, and 11% overseas sales growth in constant currency. DA Davidson stated that Walmart’s results proved to be “largely better” than those of other big-box retailers.

DA Davidson noted some deceleration in spending among low-end consumers, which was consistent with the firm’s earnings forecast for retail this quarter.

Despite this reduction, the firm stated that the retailer’s “remarkably consistent results” indicate that Walmart’s convenience strategy is successfully attracting higher-income customers.

Truist Securities also lifted its price target for Walmart Inc. (NYSE:WMT) to $119 on the same day, citing the company’s robust margins and strong growth in alternative revenue sources, especially advertising, which increased by 53% overall and 33% in the US.

Walmart Inc. (NYSE:WMT) ranks as the world’s largest brick-and-mortar retailer, with over 100,000 stores. The company’s sectors include Walmart US, Walmart International, and Sam’s Club, which provide a wide range of products, including clothes, electronics, and home furnishings.