5 Best Low Volatility Stocks to Buy Now

3. Walmart Inc. (NYSE:WMT)

Number of Hedge Fund Holders: 91

Beta Value: 0.50

Walmart Inc. (NYSE:WMT) stands as an American multinational retail corporation, running a network of hypermarkets, discount department stores, and grocery stores across the United States. Its headquarters are located in Bentonville, Arkansas. The multinational retail corporation has been raising its dividends for 50 years straight and currently pays a quarterly dividend of $0.57 per share.

In the first quarter, Walmart Inc. (NYSE: WMT) reported an adjusted EPS of $1.47, exceeding estimates by $0.15. Additionally, the company’s revenue for the quarter witnessed a year-over-year increase of approximately 7.6%, reaching $152.3 billion, which surpassed estimates by $4.39 billion.

Walmart Inc. (NYSE:WMT) was a popular stock among hedge funds in Q1 2023, as hedge fund positions in the company jumped to 91, from 66 in the previous quarter, as shown by Insider Monkey’s database. The stakes owned by these hedge funds have a consolidated value of over $5.6 billion. Investment firm D E Shaw proved to be the companies biggest shareholder, with stakes worth approximately $709.85 million.