The Fortune 500 is a ranking of the country’s largest public and private corporations. Fortune Magazine compiles the list each year. For the last eight years, Walmart Inc. has held the top spot on the Fortune 500 list, followed closely by Amazon.com Inc. There was a 5% drop in total revenue for the Fortune 500 companies in 2021 to $31.7 trillion. The Fortune 500’s combined profit was $1.6 billion, a 20% decrease from 2020. Most of the names on the list, however, are established figures who were able to weather the storm of COVID-19.
Insider Monkey selected the 10 Best Fortune 500 stocks to buy now. Consumer electronics, home appliances, and fashion accessories can all be found at Costco Wholesale Corporation. Some Costco warehouses have gas stations, pharmacies, optometrists, car garages, as well as other convenience stores. In the third quarter, 55 hedge funds reported owning stakes in the company worth $4.39 billion. American healthcare giant CVS Health is a publicly-traded company. CVS Pharmacy is one of the company’s pharmacies and clinics. CVS Health’s price target was raised by Tigress Financial analyst Ivan Feinseth from $108 to $122. Profits at Exxon Mobil Corporation will rise from $700 million in the third quarter to $1.1 billion in the fourth quarter because of higher gasoline prices. As one of the best Fortune 500 stocks to diversify an income portfolio, Exxon Mobil Corporation’s 5.75 percent dividend yield also makes a significant contribution. Walmart Inc. was the target of 71 hedge funds in the third quarter of 2021, accumulating $7.93 billion in stakes. Salt Lake City has been chosen as the location for a new fulfillment center by the company. The earnings per share of UnitedHealth Group Incorporated were $4.52, which was $0.10 higher than the consensus estimate. Sales grew by 11.09 percent from the prior year’s first quarter to $72.34 billion. For more details, click 10 Best Fortune 500 Stocks To Buy Now.