Dow 20 Stocks List: Ranked By Hedge Fund Bullishness Index

9. Walmart Inc. (NYSE:WMT)

Number of Hedge Fund Holders: 100

Walmart Inc. (NYSE:WMT), one of the best Dow stocks, is expanding its drone delivery service to three additional states, aiming to boost convenience for its customers. The retail giant announced plans to roll out the service at 100 locations over the next year in cities including Atlanta, Charlotte, Houston, Orlando, and Tampa. This expansion will bring drone deliveries to a total of five states: Arkansas, Florida, Georgia, North Carolina, and Texas.

Customers can place orders through the app of Wing, the drone operator partnering with Walmart Inc. (NYSE:WMT). These drones can deliver within a six-mile radius of participating stores.

The move is part of Walmart Inc. (NYSE:WMT)’s broader strategy to stay competitive with rivals like Amazon by enhancing convenience alongside affordability. Leveraging its network of over 4,600 stores nationwide, Walmart has been focusing on faster delivery options. It already offers Express Delivery for rapid doorstep service and InHome, a subscription program that delivers directly to customers’ refrigerators. The retailer also expanded same-day prescription delivery, which it introduced last fall.

Walmart Inc. (NYSE:WMT) is expanding its drone delivery service in response to high customer demand for fast, urgent deliveries like medicine, eggs, and fresh food. The service promises 30-minute delivery times, with over half of in-store items eligible.

Since 2021, Walmart Inc. (NYSE:WMT) has completed over 150,000 drone deliveries, though a previous plan to scale to 4 million homes fell short. It currently operates 21 drone sites in Arkansas and Texas through partners Wing and Zipline.