Walmart Inc. (NYSE:WMT) Shares Purchased by Invesco LLC

Invesco LLC raised its stake in shares of Walmart Inc. (NYSE:WMT) by 191.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,841 shares of the retailer’s stock after buying an additional 7,122 shares during the quarter. Invesco LLC’s holdings in Walmart were worth $652,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Pacer Advisors Inc. boosted its holdings in shares of Walmart by 46.2% during the fourth quarter. Pacer Advisors Inc. now owns 140,080 shares of the retailer’s stock worth $22,084,000 after purchasing an additional 44,271 shares during the last quarter. ZRC Wealth Management LLC acquired a new stake in shares of Walmart during the fourth quarter worth $103,000. Bill Few Associates Inc. boosted its holdings in shares of Walmart by 1.1% during the fourth quarter. Bill Few Associates Inc. now owns 5,806 shares of the retailer’s stock worth $915,000 after purchasing an additional 64 shares during the last quarter. Invera Wealth Advisors LLC acquired a new stake in shares of Walmart during the fourth quarter worth $624,000. Finally, Fort Washington Investment Advisors Inc. OH boosted its holdings in shares of Walmart by 1.2% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 152,098 shares of the retailer’s stock worth $23,978,000 after purchasing an additional 1,757 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Buying and Selling at Walmart

In other news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $59.08, for a total transaction of $177,240.00. Following the completion of the transaction, the executive vice president now directly owns 521,613 shares in the company, valued at $30,816,896.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, EVP Daniel J. Bartlett sold 2,398 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $69.50, for a total transaction of $166,661.00. Following the completion of the transaction, the executive vice president now directly owns 463,871 shares in the company, valued at $32,239,034.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $59.08, for a total value of $177,240.00. Following the transaction, the executive vice president now owns 521,613 shares of the company’s stock, valued at $30,816,896.04. The disclosure for this sale can be found here. Insiders sold a total of 14,527,738 shares of company stock worth $953,190,060 over the last ninety days. Company insiders own 45.58% of the company’s stock.

Analyst Upgrades and Downgrades

WMT has been the topic of several analyst reports. Oppenheimer raised their price objective on Walmart from $69.00 to $75.00 and gave the stock an “outperform” rating in a report on Thursday, June 6th. KeyCorp lifted their target price on Walmart from $75.00 to $82.00 and gave the company an “overweight” rating in a report on Wednesday, July 17th. TD Cowen lifted their target price on Walmart from $68.00 to $75.00 and gave the company a “buy” rating in a report on Friday, May 17th. Morgan Stanley lifted their target price on Walmart from $67.00 to $70.00 and gave the company an “overweight” rating in a report on Friday, May 17th. Finally, JPMorgan Chase & Co. upgraded Walmart from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $66.00 to $81.00 in a report on Monday, June 10th. Three analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $71.44.

Walmart Stock Up 0.4 %

NYSE:WMT traded up $0.28 during mid-day trading on Tuesday, reaching $70.66. The stock had a trading volume of 9,259,808 shares, compared to its average volume of 17,335,320. The company has a market capitalization of $568.36 billion, a price-to-earnings ratio of 30.24, a price-to-earnings-growth ratio of 4.08 and a beta of 0.50. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $71.33. The stock’s 50 day simple moving average is $67.16 and its two-hundred day simple moving average is $61.38. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.80 and a quick ratio of 0.23.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, May 16th. The retailer reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.08. The business had revenue of $161.50 billion during the quarter, compared to the consensus estimate of $159.57 billion. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period last year, the firm earned $0.49 earnings per share. Equities analysts anticipate that Walmart Inc. will post 2.43 EPS for the current year.

Walmart Company Profile

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.