5 Stocks to Buy and Hold According to Bill Gates

4. Walmart Inc. (NYSE:WMT)

Gates’ Stake Value: $1.07 billion

Percentage of Bill & Melinda Gates’ 13F Portfolio: 4.49%

Number of Hedge Fund Holders: 70

Walmart Inc. (NYSE:WMT), a multinational retail corporation, operates in wholesale and other market units across the globe. Ranked fourth on the list of the 10 stocks to buy and hold according to Bill Gates, Walmart Inc. (NYSE:WMT) has a market capitalization of $398.11 million.

At present, Bill & Melinda Gates Foundation Trust holds 7.6 million shares of Walmart Inc. (NYSE:WMT), amounting to over $1.07 billion and representing 4.49% of the foundation’s investment portfolio. By the end of the second quarter of 2021, 70 hedge funds out of the 873 tracked by Insider Monkey held stakes in Walmart Inc. (NYSE:WMT) worth roughly $8.03 billion. This is compared to 58 hedge funds in the previous quarter with a total stake value of approximately $5.9 billion.

For the second quarter of 2021, Walmart Inc. (NYSE:WMT) had an earnings per share of $1.56, beating estimates by $0.30. The company’s revenue was $136.82 billion, up 5.57% year-over-year and beating estimates by $2.67 billion.

On August 18, Cowen analyst Oliver Chen raised the firm’s price target on Walmart to $175 from $170 and keeps an Outperform rating on the shares.