5 Best Stocks to Buy Now According to Bill Gates

4. Walmart Inc. (NYSE: WMT)

Gates’ Stake Value: $1,032,404,000
Percent of Bill & Melinda Gates’ 13F Portfolio: 4.92%
Number of Hedge Fund Holders: 58

Arkansas-based retail company Walmart Inc. (NYSE:WMT) ranks 4th in our list of 10 best stocks to buy now according to Bill Gates. The company was founded in 1962 and is home to over 10,526 stores and clubs in under 24 countries. On May 19, Citigroup maintained a Buy rating on Walmart and raised the price target to $179.

Walmart Inc. (NYSE:WMT) has a market cap of $399 billion. The company’s revenue in the first quarter of 2021 came in at $138.3 billion, a 2.7% increase year-over-year. WMT shares currently trade for $140.90 and have a P/E of 32.62. The current dividend yield is 1.55%. The 52-week price range of Walmart Inc. (NYSE:WMT) is $117.01-153.66. Shares of WMT jumped 16% in the last twelve months.

The Bill & Melinda Gates Foundation holds 7,600,706 shares in the company worth over $1.03 billion. This represents 4.92% of their portfolio. 

There were 58 hedge funds that reported owning stakes in Walmart Inc. (NYSE:WMT) at the end of the first quarter, down from 70 funds a quarter earlier. The total value of these stakes at the end of Q1 is $5.88 billion.