Retirement Stock Portfolio: 5 Consumer Stocks To Consider

1. Walmart Inc. (NYSE:WMT)

Number of Hedge Fund Holders: 81

Walmart Inc. (NYSE:WMT) is a prominent American retail powerhouse known for its extensive network of hypermarkets, discount department stores, and grocery outlets strategically placed across the United States. The company’s headquarters are situated in Bentonville, Arkansas.

On August 17, Walmart Inc. (NYSE:WMT) released its Q2 non-GAAP EPS, revealing a figure of $1.84, which exceeded Wall Street estimates by $0.13. Additionally, the company’s Q2 revenue reached $161.63 billion, showcasing a significant 5.9% year-on-year increase and surpassing market expectations by $2.35 billion.

In Q2 2023, Walmart Inc. (NYSE:WMT) attracted substantial interest from hedge funds, with 81 hedge funds securing positions in the company, according to Insider Monkey’s database. The collective holdings of these hedge funds were valued at over $5.46 billion. Notably, investment firm D. E. Shaw emerged as the largest shareholder, boasting holdings valued at approximately $861.9 million.

You can also take a look at 12 Best European ETFs to Buy and 12 Best Streaming and TV Stocks To Buy Now.