5 Stocks Getting Crushed by Global Supply Chain Crisis

2. Walmart Inc. (NYSE:WMT)

Number of Hedge Fund Holders: 60

Year-to-Date Share Price Decline as of June 1: 13.27%

Walmart Inc. (NYSE:WMT) operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, discount stores, and mobile commerce applications. The stock has declined 13.27% year-to-date as of June 1. The company reported Q1 earnings per share of $1.30, missing market consensus estimates by $0.18. 

Guggenheim analyst Robert Drbul on May 18 lowered the price target on Walmart Inc. (NYSE:WMT) to $175 from $185 and maintained a Buy rating on the shares. He still forecasts strong top-line results for the rest of 2022, but after a “disappointing quarter”, he now expects some persistence of higher costs owing to inflation and logistics challenges and is slashing his FY22 and FY23 EPS estimates, the analyst told investors. However, he still sees Walmart Inc. (NYSE:WMT)’s scale, price leadership, and a diversified profit base lending it an optimistic outlook over the long-term.

Among the hedge funds tracked by Insider Monkey, 60 funds were bullish on Walmart Inc. (NYSE:WMT) at the end of Q1 2022, down from 63 funds in the last quarter. Rajiv Jain’s GQG Partners is the biggest shareholder of the company, with 15.4 million shares worth about $2.3 billion.