10 Best Dividend Aristocrat Stocks To Buy Now

2. Walmart Inc (NYSE:WMT)

Number of Hedge Fund Investors: 88

Walmart Inc (NYSE:WMT) being the biggest retailer in the US and the go-to grocer for millions of Americans with huge cash flows is one of the best and safe dividend aristocrat stocks to buy now. Walmart Inc (NYSE:WMT) has increased its dividends every year since 1975. That’s 49 years of consistent dividend increases. Walmart Inc’s (NYSE:WMT) payout ratio is just 35%, which means Walmart Inc (NYSE:WMT) is funneling a substantial amount of cash it has for future business growth.

A total of 88 hedge funds in Insider Monkey’s database of 919 hedge funds reported owning stakes in Walmart Inc (NYSE:WMT). The biggest stakeholder of Walmart Inc (NYSE:WMT) during this period was Ken Fisher’s Fisher Asset Management, with a $2.6 billion stake in Walmart Inc (NYSE:WMT).

Earlier this month Walmart Inc (NYSE:WMT) posted solid Q1 results. Adjusted EPS in the period came in at $0.60, beating estimates by $0.08. Revenue in the quarter jumped 6% year over year to $161.5 billion, surpassing estimates by $3.36 billion.