5 Safe Haven Stocks Billionaires Are Loading Up On

4. Walmart Inc. (NYSE:WMT)

Number of Billionaire Investors: 20

Walmart Inc. (NYSE:WMT) is in the limelight after analyst commentary which suggests the stock is positioned to grow in the second half of 2023. Evercore ISI recently added Walmart Inc. (NYSE:WMT) in its Best Core Ideas. Evercore’s analyst Greg Melich praised Walmart Inc. (NYSE:WMT)’s strong value proposition which could help it grow traffic in 2023. The analyst thinks Walmart Inc. (NYSE:WMT) is positioned better than rivals Costco Wholesale Corporation (NASDAQ:COST) and Target Corporation (NYSE:TGT) due to better geographic positioning in the U.S. The analyst thinks that Walmart Inc. (NYSE:WMT)’s tech-related investments made during the COVID-19 pandemic are also starting to bear fruit.

Insider Monkey’s billionaire database shows 20 billionaires had stakes in Walmart Inc. (NYSE:WMT). Some of the most famous billionaires having stakes in Walmart Inc. (NYSE:WMT) are DE Shaw, Ken Griffin, Steve Cohen and Ray Dalio.