5 Boring Stocks That Make Money

2. Walmart Inc. (NYSE:WMT)

Number of Hedge Fund Holders: 71

Dividend Yield: 1.57%

Trailing P/E: 39.53

Forward P/E: 21.34

Walmart Inc. (NYSE:WMT) ranks second on the list of 10 boring stocks that make money. The Arkansas-based retailer has increased its dividends over the last 48 years and now pays a $2.20 annual dividend with a payout ratio of 61.24%.

On August 27, Tigress Financial analyst Ivan Feinseth maintained a Neutral rating on Walmart Inc. (NYSE:WMT) and set a price target of $170 per share.

In the second quarter of 2021, Walmart Inc. (NYSE: WMT) reported an EPS of $1.78, beating estimates by $0.21. The company’s second-quarter revenue grew 2.4% year over year to $139.87 billion and beat revenue estimates by $3.87 billion. The stock has gained 2.37% in the past twelve months.

At the end of the second quarter of 2021, 71 hedge funds in the database of Insider Monkey held stakes worth $8.04 billion in Walmart Inc. (NYSE:WMT), up from 58 in the previous quarter worth $5.88 billion.