5 Best Consumer Stocks To Buy Now

2. Walmart Inc. (NYSE:WMT)

Number of Hedge Fund Holders: 67

% Weight of iShares Global Consumer Staples ETF as of September 22: 4.53

Walmart Inc. (NYSE:WMT) is a multinational retail company that operates more than 10,500 stores and clubs in 24 different countries.

With its strong earnings potential and history of growing earnings per share, Walmart Inc. (NYSE:WMT) has raised its dividend for 49 consecutive years. As of September, the company has a dividend yield of 1.72% and pays a quarterly dividend of $0.56 per share.

In September 14, Bradley Thomas of Keybanc also initiated an overweight rating and $155 price target, citing potential market share gains and margin recovery.

As per Insider Monkey’s Q2 2022 database, 67 hedge funds were bullish on Walmart Inc. (NYSE:WMT). The stakes owned by these hedge funds are valued at over $3.8 billion.