5 Best Widow and Orphan Stocks To Buy

In this article, we discuss 5 best window and orphan stocks to buy. If you want to see more stocks in this selection, check out 10 Best Widow and Orphan Stocks To Buy. 

5. Walmart Inc. (NYSE:WMT)

Number of Hedge Fund Holders: 68

Dividend Yield as of December 21: 1.54%

Walmart Inc. (NYSE:WMT) is an American retailer that operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, discount stores, membership-only warehouse clubs, and ecommerce websites. Walmart Inc. (NYSE:WMT) is set to pay a $0.56 per share quarterly dividend on January 3, 2023 to shareholders of record on December 9. Walmart Inc. (NYSE:WMT) is on its way to becoming a dividend king, with 49 consecutive years of dividend increases under its belt. 

On December 19, Credit Suisse analyst Karen Short initiated coverage of Walmart Inc. (NYSE:WMT) with an Outperform rating and a price target of $170, up from $160. Walmart Inc. (NYSE:WMT) has been gaining “meaningful” market share since early 2021 and she views it as “a well-positioned defensive name in an uncertain macro backdrop.” 

According to Insider Monkey’s data, 68 hedge funds were long Walmart Inc. (NYSE:WMT) at the end of September 2022, compared to 67 funds in the prior quarter. Ken Fisher’s Fisher Asset Management is the largest stakeholder of the company, with 8.12 million shares worth $1.05 billion. 

In its Q2 2021 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and Walmart Inc. (NYSE:WMT) was one of them. Here is what the fund said:

“The pandemic has created challenges for businesses large and small; one major challenge for large essential retailers such as ClearBridge holdings Home Depot, Walmart Inc. (NYSE:WMT) and Costco have been ensuring adequate staffing to meet demand under trying conditions. All three instituted enhanced pay practices during the pandemic, with raises, unplanned bonuses and other benefits helping compensate employees for their efforts in a difficult environment. In September 2020 Walmart raised wages for 165,000 employees, including a number of entry positions to $15 an hour. It followed this in February with a raise for 425,000 workers that moved its average pay above $15 an hour.”