DnB Asset Management AS Exits Walmart With Sale of 33,784 Shares

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This marks the end of a noteworthy but brief tenure of ownership for DnB, which had acquired the shares of Walmart ($NYSE:WMT) earlier this year. It also has numerous subsidiaries, including Sam’s Club, Jet.com, Great Value, and more. Walmart is known for its commitment to sustainability and ethical production, with initiatives such as reducing greenhouse gas emissions and eliminating plastic packaging.

Price History

On Thursday, Walmart Inc., a multinational retail corporation, saw a 0.7% increase in its stock price, opening at $154.0 and closing at $154.8. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Walmart Inc. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Walmart Inc. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Walmart Inc. More…

Key Ratios Snapshot

Some of the financial key ratios for Walmart Inc are shown below. More…

Analysis

At GoodWhale, we have conducted an analysis of WALMART INC‘s wellbeing. According to our Star Chart, WALMART INC is classified as a ‘rhino’ – a type of company that has achieved moderate revenue or earnings growth. This makes it an attractive prospect for investors who are looking for a reliable, mid-size company with a good chance of growth. Furthermore, WALMART INC has a high health score of 8/10, indicating that it is capable of riding out any crisis without the risk of bankruptcy. This is due to its strong cashflows and debt, which help to ensure its stability. Additionally, WALMART INC is strong in asset, dividend, and profitability, and is medium in terms of growth. All of these factors make WALMART INC an attractive investment opportunity for those looking for a reliable, mid-size company with a good chance of growth. More…

Peers

The retail industry is highly competitive, with Walmart Inc competing against Target Corp, Sprouts Farmers Market Inc, and Costco Wholesale Corp. All four companies are vying for market share in the retail sector. Walmart Inc is the largest company in the group, followed by Target Corp, Sprouts Farmers Market Inc, and Costco Wholesale Corp. All four companies are publicly traded on the stock exchange.

– Target Corp ($NYSE:TGT)

Target Corp is an American retail corporation. The company was founded in 1902 and is headquartered in Minneapolis, Minnesota. Target operates 1,851 stores across the United States. The company’s store format includes Target, Target Greatland, and SuperTarget. Target is the second-largest discount retailer in the United States, behind Walmart. The company’s revenue for 2018 was $75.4 billion, and its operating income was $5.9 billion. Target’s net income for 2018 was $3.6 billion, and its total assets were $42.5 billion as of December 31, 2018.

– Sprouts Farmers Market Inc ($NASDAQ:SFM)

Sprouts Farmers Market Inc is a grocery store chain that specializes in selling fresh, natural, and organic food. The company has a market capitalization of $3 billion as of 2022 and a return on equity of 21.14%. Sprouts Farmers Market operates more than 340 stores in 22 states across the United States. The company was founded in 2002 and is headquartered in Phoenix, Arizona.

– Costco Wholesale Corp ($NASDAQ:COST)

Costco Wholesale Corporation is the largest membership warehouse club in the United States. As of 2022, it had a market capitalization of 209.47 billion and a return on equity of 24.62%. Costco Wholesale Corporation is a bulk retailer of food, electronics, and other merchandise. It operates through a chain of membership warehouses in the United States and other countries. Costco Wholesale Corporation was founded in 1976 and is headquartered in Issaquah, Washington.

Summary

Walmart Inc, a multinational retail corporation, is a well-known household name and an attractive investment option.

However, Walmart Inc continues to remain a strong and profitable company. Its main strength is its highly diversified product portfolio across different sectors such as groceries, apparel, electronics and other consumer durables. Furthermore, Walmart’s e-commerce business has seen significant growth in recent years, along with its international operations. The company also has a strong balance sheet with healthy cash reserves, making it an appealing option for long-term investors.

In addition, Walmart Inc has a consistent dividend policy and offers attractive dividends to its shareholders. All in all, despite the recent selloff, Walmart Inc remains an attractive investment opportunity for investors looking for a safe and steady return.