Best Retirement Portfolio for a 65-Year-Old

4. Walmart Inc. (NYSE:WMT)

Number of Hedge Fund Holders: 116

Number of Consecutive Years of Dividend Growth: 52

Average 5-Year Share Price Returns: 107.76%

American retail giant Walmart Inc. (NYSE:WMT) ranks 4th on our list of stocks for the best retirement portfolio. In December 2024, the company completed the acquisition of VIZIO for $2.3 billion, bringing its SmartCast Operating System into the mix. This deal gives Walmart new ways to enhance customer shopping experiences and offers advertisers more ways to connect through Walmart Connect since VIZIO has a strong ad business with over 19 million active accounts.

Walmart Inc. (NYSE:WMT) had a strong fourth quarter, with revenue coming in at $180.6 billion, up 4.1% from last year. eCommerce sales jumped 16%, and US comparable sales grew by 4.6%, driven by solid performance in general merchandise. Operating income was up 8.3%, helped by better margins and increased membership revenue. Walmart’s advertising business also saw big growth, rising 29% globally. Looking ahead, the company expects 3-4% net sales growth in FY26 and plans to grow adjusted operating income by 3.5-5.5%.

On February 20, Walmart announced a dividend of $0.94 per share for FY 2026, a 13% increase from last year’s $0.83. This marks the 52nd consecutive year of dividend growth. The dividend will be shelled out in four quarterly installments of $0.235 per share, with the first payout scheduled for April 7 to shareholders on record as of March 21.

Among the hedge funds tracked by Insider Monkey, 116 funds were bullish on Walmart Inc. (NYSE:WMT) at the end of Q4 2024, up from 88 funds in the last quarter. Rajiv Jain’s GQG Partners was a prominent stakeholder of the company, with 11.8 million shares worth $1 billion.