Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Is Wal-Mart Stores, Inc. (WMT) A Good Stock To Buy?

Page 1 of 2

Is Wal-Mart Stores, Inc. (NYSE:WMT) a good equity to bet on right now? We like to check what the smart money thinks first before doing extensive research. Although there have been several high profile failed hedge fund picks, the consensus picks among hedge fund investors have historically outperformed the market after adjusting for known risk attributes. It’s not surprising given that hedge funds have access to better information and more resources to find the latest market-moving information.

Is Wal-Mart Stores, Inc. (NYSE:WMT) a buy right now? Money managers are taking a bullish view. The number of bullish hedge fund bets inched up by 13 lately. At the end of this article we will also compare WMT to other stocks including JPMorgan Chase & Co. (NYSE:JPM), The Procter & Gamble Company (NYSE:PG), and Pfizer Inc. (NYSE:PFE) to get a better sense of its popularity.

Follow Wal Mart Stores Inc (NYSE:WMT)
Trade (NYSE:WMT) Now!

At Insider Monkey, we’ve developed an investment strategy that has delivered market-beating returns over the past 12 months. Our strategy identifies the 100 best-performing funds of the previous quarter from among the collection of 700+ successful funds that we track in our database, which we accomplish using our returns methodology. We then study the portfolios of those 100 funds using the latest 13F data to uncover the 30 most popular mid-cap stocks (market caps of between $1 billion and $10 billion) among them to hold until the next filing period. This strategy delivered 18% gains over the past 12 months, more than doubling the 8% returns enjoyed by the S&P 500 ETFs.

walmart, supermarket, store, market, canada, sign, door, shop, exterior, billboard, ontario, retail, building, cheap, storefront, board, retailer, toronto, advertisement,

Niloo / Shutterstock.com

With all of this in mind, let’s take a peek at the recent action regarding Wal-Mart Stores, Inc. (NYSE:WMT).

What have hedge funds been doing with Wal-Mart Stores, Inc. (NYSE:WMT)?

At Q3’s end, a total of 71 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of 22% from the second quarter of 2016. With hedge funds’ sentiment swirling, there exists a select group of noteworthy hedge fund managers who were boosting their holdings meaningfully (or already accumulated large positions).

wmt

According to Insider Monkey’s hedge fund database, Berkshire Hathaway, managed by Warren Buffett, holds the largest position in Wal-Mart Stores, Inc. (NYSE:WMT). Berkshire Hathaway has a $935.5 million position in the stock, comprising 0.7% of its 13F portfolio. The second largest stake is held by Bill & Melinda Gates Foundation Trust, managed by Michael Larson, which holds a $836.8 million position; 4.5% of its 13F portfolio is allocated to the company. Other professional money managers with similar optimism consist of Cliff Asness’ AQR Capital Management, D. E. Shaw’s D E Shaw and Richard S. Pzena’s Pzena Investment Management.

Page 1 of 2
Loading Comments...