5 Best Counter Cyclical Stocks to Invest in

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1. Walmart Inc. (NYSE:WMT)

Number of Hedge Fund Investors In Q4 2023: 85

Walmart Inc. (NYSE:WMT) is the mega American grocery and retail store chain headquartered in Bentonville, Arkansas. Its heft hasn’t stopped Walmart Inc. (NYSE:WMT) from growing, with a successful omni channel strategy resulting in growth. The shares are rated Strong Buy on average, and the average analyst share price target is $65.56.

85 out of the 933 hedge funds surveyed by Insider Monkey during Q4 2023 had bought and owned Walmart Inc. (NYSE:WMT)’s shares. Ken Fisher’s Fisher Asset Management was the largest shareholder, owning 28 million shares that are worth $1.5 billion.

Follow Walmart Inc. (NYSE:WMT)

Disclosure: None. You can also take a look at the 10 Unstoppable Tech Stocks To Buy and Warren Buffett’s Portfolio: 15 Longest Held Stocks.

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