5 Best Stocks to Buy According to DE Shaw

In this article, we discuss the 5 best stocks to buy according to DE Shaw. If you want to see more top holdings of the hedge fund, check out 10 Best Stocks to Buy According to DE Shaw.

5. Walmart Inc. (NYSE:WMT)

DE Shaw’s Stake Value: $837,124,000

Percentage of DE Shaw’s 13F Portfolio: 0.78%

Number of Hedge Fund Holders: 60

Walmart Inc. (NYSE:WMT) is an American retailer that operates supercenters, supermarkets, hypermarkets, discount stores, membership-only warehouse clubs, and ecommerce websites. On February 17, Walmart Inc. (NYSE:WMT) declared a $0.56 per share quarterly dividend, a 1.8% increase from its prior dividend of $0.55. The dividend was distributed on April 4 and May 21. The next dividend payment is due on September 6, to shareholders of record on August 12. 2022 marks the 49th consecutive annual dividend increase by the company and it is well on its way to becoming a dividend king. 

Securities filings for Q1 2022 reveal that DE Shaw strengthened its hold on Walmart Inc. (NYSE:WMT) by 55%. The hedge fund held 5.6 million Walmart Inc. (NYSE:WMT) shares worth over $837 million, representing 0.78% of the total 13F securities. 

On July 7, Oppenheimer analyst Rupesh Parikh removed Walmart Inc. (NYSE:WMT) as a Top Pick, while keeping an Outperform rating on the shares with a price target of $165. The analyst cited inventory conditions and markdown risks, which varied greatly by location. The analyst observed that cost controls and solid grocery share gains offset these headwinds. 

Among the hedge funds tracked by Insider Monkey, 60 funds were long Walmart Inc. (NYSE:WMT) at the end of Q1 2022, compared to 63 funds in the earlier quarter. Rajiv Jain’s  GQG Partners is the biggest position holder in the company, with 15.4 million shares worth roughly $2.3 billion.