5 Best Passive Income Stocks To Buy According to Hedge Funds

4. Walmart Inc. (NYSE:WMT)

Number of Hedge Fund Holders: 85

Walmart Inc. (NYSE:WMT) is an American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores. On February 20, the company increased its dividend by 9% after adjusting for a stock split, resulting in a new quarterly dividend payout of $0.2075 per share. The stock has a dividend yield of 1.36%, as of March 20.

As of the end of Q4 2023, 85 hedge funds in Insider Monkey’s database owned stakes in Walmart Inc. (NYSE:WMT), up from 80 in the previous quarter. The consolidated value of these stakes is over $6.24 billion. With over 28.6 million shares, Fisher Asset Management was the company’s leading stakeholder in Q4.

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