5 Best Grocery Stocks to Buy Now

2. Walmart Inc. (NYSE:WMT)

Number of Hedge Fund Holders: 80

Walmart Inc. (NYSE:WMT), a prominent American retail giant headquartered in Bentonville, Arkansas, is widely recognized for its expansive network of hypermarkets, discount department stores, and strategically positioned grocery outlets across the United States.

The company has maintained a remarkable track record of dividend increases for an impressive five decades, spanning 50 years. As of January 15, Walmart Inc. (NYSE:WMT) offers a quarterly dividend of $0.57 per share, resulting in a dividend yield of 1.41%.

In the third quarter of 2023, Walmart Inc. (NYSE:WMT) garnered significant attention from hedge funds, with 80 hedge funds establishing positions in the company, according to Insider Monkey’s database. The collective holdings of these hedge funds were valued at over $5.94 billion. Notably, Ken Fisher’s Fisher Asset Management emerged as the largest shareholder, boasting holdings valued at approximately $1.45 billion.