Top 5 Stock Picks of Gregg Moskowitz’ Interval Partners

3. Walmart Inc. (NYSE:WMT)

Interval Partners’ Stake Value: $56,365,000

Percentage of Interval Partners’ 13F Portfolio: 2.32%

Number of Hedge Fund Holders: 71

Walmart Inc. (NYSE:WMT) is an American multinational retail mega corporation, with hypermarkets, discount departmental stores, and grocery chains across the United States and Canada, as well as subsidiaries in multiple countries including Mexico, India, and Central America. Walmart Inc. (NYSE:WMT) has 10,524 stores in 24 countries, operating under 48 different brand names as of July 2021. Walmart Inc. (NYSE:WMT) is one of Gregg Moskowitz’ top stock picks. 

Interval Partners owns stakes worth $56.36 million in Walmart Inc. (NYSE:WMT) as of the end of June, and the retail giant makes up 2.32% of the investment firm’s 13F portfolio. 

On October 25, KeyBanc analyst Edward Yruma kept an Overweight rating on the stock, with a price target of $180. The analyst said that Walmart Inc. (NYSE:WMT) is positioned to grow further via e-commerce and digital advertising, since these channels present monetization opportunities. 

At the end of Q2, 71 hedge funds were long Walmart Inc. (NYSE:WMT), up from 58 in the previous quarter. Fisher Asset Management is the leading stakeholder in Walmart Inc. (NYSE:WMT), with 12.6 million shares worth $1.78 billion.