5 Best Dow Stocks To Buy Now

3. Walmart Inc. (NYSE:WMT)

Number of Hedge Fund Holders: 71 

Walmart Inc. (NYSE:WMT) owns and runs retail stores. Elite hedge funds hold large stakes in the company. Among the hedge funds being tracked by Insider Monkey, Washington-based firm Bill & Melinda Gates Foundation Trust is a leading shareholder in Walmart Inc. (NYSE:WMT), with 7.6 million shares worth more than $1 billion. 

On January 27, RBC Capital analyst Steven Shemesh initiated coverage of Walmart Inc. (NYSE:WMT) stock with an Outperform rating and a price target of $160, noting that consumer demand for 2022 will remain “elevated” and the firm was also well-positioned to offset inflation.