5 Reliable Dividend Stocks Billionaires Are Loading Up On

Page 1 of 5

In this article, we discuss 5 reliable dividend stocks billionaires are loading up on. If you want to read our detailed analysis of dividend stocks and their performance, go directly to read 10 Reliable Dividend Stocks Billionaires Are Loading Up On

5. Walmart Inc. (NYSE:WMT)

Number of Billionaire Investors: 20
Number of Hedge Fund Holders: 91

Walmart Inc. (NYSE:WMT) is an Arkansas-based multinational retail corporation that owns department stores across the US. The company offers a quarterly dividend of $0.57 per share and has a dividend yield of 1.53%, as recorded on June 2. It is among the list of reliable dividend stocks as the company has raised its dividends for 50 years in a row. Some of the most prominent billionaires having investments in the company include Ray Dalio and Cliff Asness.

Barclays noted that Walmart Inc. (NYSE:WMT)’s volume has improved in the most recent quarter and also appreciated the company’s discretionary initiatives. In May, the firm lifted its price target on the stock to $162 and maintained an Outperform rating on the shares.

Walmart Inc. (NYSE:WMT) was a popular stock among hedge funds in Q1 2023, as 91 funds tracked by Insider Monkey owned stakes in the company, up from 66 a quarter earlier. The collective value of these stakes is over $5.6 billion.

Follow Walmart Inc. (NYSE:WMT)


Page 1 of 5