5 Safe Stocks To Invest In For The Long-Term in 2023

4. Walmart Inc. (NYSE:WMT)

Number of Hedge Fund Holders: 81

Walmart Inc. (NYSE:WMT) is a well-established American retail giant, renowned for its widespread network of hypermarkets, discount department stores, and grocery outlets strategically located throughout the United States. The company is headquartered in Bentonville, Arkansas.

Walmart Inc. (NYSE:WMT) has maintained an uninterrupted record of dividend increases over the past five decades, spanning 50 years. As of October 24, the company distributes a quarterly dividend of $0.57 per share, resulting in a dividend yield of 1.40%.

In Q2 2023, Walmart Inc. (NYSE:WMT) attracted substantial interest from hedge funds, with 81 hedge funds securing positions in the company, according to Insider Monkey’s database. The collective holdings of these hedge funds were valued at over $5.46 billion. Notably, investment firm D. E. Shaw emerged as the largest shareholder, boasting holdings valued at approximately $861.9 million.