Walmart Expands into The Insurance Business

 

Walmart Inc. (WMT) NYSE  has created “Walmart Insurance Services LLC” to sell insurance policies. Here is the job listed below on the retailer’s website.

Walmart Insurance Service, LLC s is hiring in the greater Dallas/Fort Worth area! Yes, you read that right, Walmart now has an insurance agency. Walmart, the Fortune #1 Company and the Nation’s largest private employer, is helping people save money and live better. Walmart strives to be a center of well-being in the communities we serve, and we have a unique, brand-new opportunity to help millions of people find the best Medicare insurance available. We need passionate health insurance professionals to help us build this new business from the ground up and achieve our mission.  Walmart Insurance Services LLC is looking to hire several Medicare Insurance Agents to begin the first week of August 2020. Source : Walmart Careers 

Walmart partners with  insurer Humana for its Walmart-branded Medicare prescription drug plan.  Walmart is now going to be an insurance broker.

As long as Walmart keeps up with consumer behavior, we believe the stock will rise to new highs. Looks like they are successfully implementing new strategies help consumers get what they need at the most competitive prices- especially during the COVID-19 pandemic.

In other news: Recently Walmart Formed Partnership with Tribeca turning 160 store parking lots into drive-in theaters. Starting in early August, NYSE: WMT Walmart is popping up safe, socially distanced drive-in events at Walmart Super Centers across America.

op 6  Institutional Holders

Holder  Shares  Date Reported  % Out    Value

Vanguard Group, Inc. (The)          137,634,260        Mar 30, 2020      4.86%    15,638,004,621

Blackrock Inc.     90,196,443           Mar 30, 2020      3.18%    10,248,119,853

State Street Corporation               70,902,390           Mar 30, 2020      2.50%    8,055,929,551

FMR, LLC              22,899,929           Mar 30, 2020      0.81%    2,601,889,932

Geode Capital Management, LLC               21,186,737           Mar 30, 2020      0.75%    2,407,237,057

Bank of America Corporation      20,967,213           Mar 30, 2020      0.74%    2,382,294,741

Top  Five Mutual Fund Holders

Holder  Shares  Date Reported  % Out    Value

Vanguard Total Stock Market Index Fund              41,720,918           Mar 30, 2020      1.47%    4,740,330,703

Vanguard 500 Index Fund            29,203,838           Mar 30, 2020      1.03%    3,318,140,073

Vanguard Specialized-Dividend Appreciation Index Fund 18,031,710           Jan 30, 2020        0.64%    2,064,450,477

SPDR S&P 500 ETF Trust 15,691,981           Mar 30, 2020      0.55%    1,782,922,881

Vanguard Institutional Index Fund-Institutional Index Fund           12,554,461           Mar 30, 2020      0.44%                1,426,437,858

 

NYSE: WMT    CWEB Analysts view the stock as a long term growth and a great addition to your investment portfolio with an upward momentum of $1000 by 2021 with direct competition to Amazon.

 

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