Dividend Stock Portfolio: 5 Stocks To Buy According to Reddit

4. Walmart Inc. (NYSE:WMT)

Number of Hedge Fund Holders: 81

Walmart Inc. (NYSE:WMT) is one of the world’s largest retail companies. The company operates a vast network of retail stores, both physical and online, and offers a wide range of products and services. The stock is popular among Redditors because of its wide range of businesses which generate solid revenues for the company. It has been raising its dividends consistently for 50 years. The company currently offers a quarterly dividend of $0.57 per share and has a dividend yield of 1.40%, as of September 20.

At the end of June 2023, 81 hedge funds in Insider Monkey’s database reported having stakes in Walmart Inc. (NYSE:WMT), worth collectively over $5.4 billion.

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