10 Best Long Term Stocks to Buy According to Billionaires

4. Walmart Inc. (NYSE:WMT)

Number of Billionaire Holders: 20

Walmart Inc. (NYSE:WMT) is an Arkansas-based retail corporation that operates a chain of hypermarkets, discount stores, and grocery stores across the country. The company managed to remain a dominant player in the retail space while many other big-box chains faded over the past 20 years. It kept itself in the game by modernizing its stores, enhancing its online shopping platform, using its physical locations to help fulfill digital orders, and staying competitive with Amazon on pricing. It also broadened its international presence and boosted its warehouse club footprint by opening more Sam’s Club stores.

In the fourth quarter of 2024, Walmart Inc. (NYSE:WMT) reported a 4.1% year-over-year revenue increase, bringing in $180.6 billion, with growth in constant currency terms hitting 5.3%. Operating income rose 8.3%, supported by better gross margins, higher income from memberships, and improved performance in the e-commerce business. For the full year, Walmart generated $36.4 billion in operating cash flow and ended with $9 billion in cash and equivalents. It also returned $4.5 billion to shareholders via stock repurchases and raised its quarterly dividend by 13% to $0.235 per share—the largest dividend boost the company has made in more than a decade.

Walmart Inc. (NYSE:WMT) dividend growth streak spans 52 years, which makes it one of the best dividend stocks according to billionaires. It currently pays a quarterly dividend of $0.235 per share for a dividend yield of 1.00%, as of April 15.