5 Stocks to Buy Before Interest Rates Rise in March

2. Walmart Inc. (NYSE:WMT)

Number of Hedge Fund Holders: 63

Walmart Inc. (NYSE:WMT) is yet another consumer defensive play investors are flocking to amid market volatility. Walmart Inc. (NYSE:WMT)’s fourth-quarter report shows the company’s resilience and strength that helped it offset the supply chain challenges. Comparable sales in the quarter jumped 5.6% in the U.S. Adjusted income in the period was $6.0 billion, versus $5.7 billion posted in the same quarter last year.

Walmart Inc. (NYSE:WMT) declared a quarterly dividend of $0.56 per share recently, a 1.8% increase from the prior dividend of $0.55. Forward dividend yield comes in at 1.68%.

As of the end of the fourth quarter of 2021, 63 hedge funds had stakes in Walmart Inc. (NYSE:WMT). The total value of these stakes is $71.4 billion.