Michael Burry’s Latest Warning on Bullwhip Effect and 5 Retail Stocks to Watch

4. Walmart Inc. (NYSE:WMT

Number of Hedge Fund Holders: 60 

Walmart Inc. (NYSE:WMT) owns and runs a chain of hypermarkets. On June 16, the company announced that it would be partnering with streaming service Roku in a first-of-a-kind partnership that would enable the retail firm to sell products directly through television streaming. The collaboration would offer streaming customers product discovery and a seamless checkout at the point of engagement. OneView, the ad platform of Roku, will oversee the development of shoppable ads in this regard. 

On June 27, Goldman Sachs analyst Kate McShane maintained a Buy rating on Walmart Inc. (NYSE:WMT) stock and lowered the price target to $138 from $160, decreasing the earnings estimates for the firm by 2% on a lower margin outlook.

Among the hedge funds being tracked by Insider Monkey, Florida-based investment firm GQG Partners is a leading shareholder in Walmart Inc. (NYSE:WMT), with 15.4 million shares worth more than $2.2 billion.