10 Best Stocks to Buy According to the Bill & Melinda Gates Foundation Trust

8. Walmart Inc. (NYSE:WMT)

Bill & Melinda Gates Foundation Trust’s Stake: $821.3 million

Number of Hedge Fund Holders: 116

Walmart Inc. (NYSE:WMT) is the world’s largest brick-and-mortar retailer, with over 100,000 establishments. The company’s sectors include Walmart US, Walmart International, and Sam’s Club, which offer a diverse range of items such as clothing, electronics, and home furnishings.

On April 10, UBS analyst Michael Lasser lowered the price target for Walmart Inc. (NYSE:WMT) to $110 from $112, while maintaining a Buy rating. Lasser’s appraisal follows a recent company event that highlighted Walmart’s current success and future goals. During the event, Walmart’s team highlighted its goal of growing the top line by 4% and accelerating the development of operating income and free cash flow (FCF) to possibly double-digit levels.

Walmart Inc. (NYSE:WMT) reported robust fourth-quarter results, with sales up 5.2% and adjusted operating income up 9.4% in constant currency. E-commerce performance has also increased significantly, with online sales accounting for 18% of total revenue, a 1,100 basis point increase over fiscal 2020.