5 Dividend Stocks Redditors Buy for Early Retirement

3. Walmart Inc. (NYSE:WMT)

Number of Hedge Fund Holders: 63

Dividend Yield as of March 11: 1.58%

Walmart Inc. (NYSE:WMT) is an American retail chain that operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores. 

Morgan Stanley analyst Simeon Gutman on February 22 lowered the price target on Walmart Inc. (NYSE:WMT) to $165 from $170 and kept an Overweight rating on the shares.

Walmart Inc. (NYSE:WMT) is a steady dividend stock, and it raised its annual dividend on February 17 to $2.24 per share, marking the 49th consecutive year of dividend increases. This is an increase of approximately 2% from the $2.20 per share paid for the last fiscal year. A quarterly payment of $0.56 per share will be made on April 4, to shareholders of record on March 18. 

According to the fourth quarter database of Insider Monkey, 63 elite funds were long Walmart Inc. (NYSE:WMT), as compared to 71 funds in the earlier quarter. Bill & Melinda Gates Foundation Trust endorses the stock, holding close to 7 million Walmart Inc. (NYSE:WMT) shares worth more than $1 billion.