Billionaire Ken Fisher’s Top 5 Dividend Stock Picks

2. Walmart Inc. (NYSE:WMT)

Number of Hedge Fund Holders: 71 

Forward Dividend Yield: 1.57%   

Walmart Inc. (NYSE:WMT) was recently named among one of the top ecommerce stocks for the holiday season by Bank of America alongside competitors like Amazon and JD.com. With ecommerce stocks set to register a 15% year-on-year growth this year, the Arkansas-based retailer is slated to be one of the top beneficiaries of this growth. The company recently raised hourly pay by $1 for 560,000 staff members. 

Regulatory filings reveal that Fisher Asset Management owned over 12.6 million shares in Walmart Inc. (NYSE:WMT) worth more than $1.7 billion at the end of the second quarter of 2021, representing 1.11% of the portfolio of the fund. 

Out of the hedge funds being tracked by Insider Monkey, Washington-based firm Bill & Melinda Gates Foundation Trust is a leading shareholder in Walmart Inc. (NYSE:WMT) with 7.6 million shares worth more than $1 billion.