5 Best Blue Chip Stocks That Outperformed in 2022

4. Walmart Inc. (NYSE:WMT)

Year to Date Return as of December 13: 1.96%

Number of Hedge Fund Holders: 68

Although retailing giant Walmart Inc. (NYSE:WMT) stock has only rallied 1.96% year to date, many investors nevertheless view the performance as pretty good given the stock of the company’s competitor, Amazon.com, Inc. (NASDAQ:AMZN), has declined nearly 46% year to date. While Amazon.com, Inc. (NASDAQ:AMZN) has faced headwinds given inflation, Walmart Inc. (NYSE:WMT) has gained more customers as a result of the inflation given the company’s low prices.

For Q3, Walmart Inc. (NYSE:WMT) reported adjusted EPS of $1.50 on sales of $152.81 billion versus the consensus of $1.32 on revenue of $147.75 billion.

68 hedge funds in our database owned shares of Walmart Inc. (NYSE:WMT) at the end of Q3, ranking the stock #4 on our list of 12 Best Blue Chip Stocks That Outperformed in 2022.