5 Best Retail Stocks to Buy Now

4. Walmart Inc. (NYSE:WMT) 

Number of Hedge Fund Holders: 68

Walmart Inc. (NYSE:WMT) is a retail giant with 10,500 stores and 210 distribution centers across 24 countries. The retail powerhouse reported another solid quarterly performance in September 2022, with upside in revenue versus Wall Street estimates. Walmart Inc. (NYSE:WMT) is one of the top retail stocks in the market. For the past 49 years Walmart Inc. (NYSE:WMT) has continuously increased its dividends. As of December 2022, the company has a quarterly dividend of $0.56 per share with a dividend yield of 1.46%.

Wall Street is bullish on Walmart Inc. (NYSE:WMT). On December 1, Atlantic Equities analyst Daniela Nedialkova increased her price target on Walmart Inc. (NYSE:WMT) stock to $165 from $150 and reiterated an Outperform rating on the shares.

Walmart Inc. (NYSE:WMT) was in 68 hedge fund portfolios at the end of the third quarter of 2022, compared to 67 in the previous quarter. Fisher Asset Management, with a position worth $1 billion, is the most notable stakeholder of the company.