Walmart Inc. (NYSE:WMT) Shares Bought by Ossiam

Ossiam raised its holdings in Walmart Inc. (NYSE:WMT) by 1,278.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 958,955 shares of the retailer’s stock after buying an additional 889,397 shares during the period. Walmart comprises about 1.0% of Ossiam’s holdings, making the stock its 27th largest position. Ossiam’s holdings in Walmart were worth $57,700,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Partnership Wealth Management LLC acquired a new stake in shares of Walmart during the fourth quarter worth about $30,000. Able Wealth Management LLC acquired a new stake in shares of Walmart during the fourth quarter worth about $30,000. Vermillion & White Wealth Management Group LLC acquired a new stake in shares of Walmart during the fourth quarter worth about $32,000. Signature Resources Capital Management LLC acquired a new stake in shares of Walmart during the fourth quarter worth about $35,000. Finally, Tidemark LLC acquired a new stake in shares of Walmart during the fourth quarter worth about $37,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Walmart

In related news, EVP Daniel J. Bartlett sold 2,398 shares of the company’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 value of $166,661.00. Following the sale, the executive vice president now owns 463,871 shares of the company’s stock, valued at approximately $32,239,034.50. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Walmart news, EVP Daniel J. Bartlett sold 2,398 shares of the stock in a transaction 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 transaction, the executive vice president now owns 463,871 shares of the company’s stock, valued at approximately $32,239,034.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP John D. Rainey sold 25,578 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $67.58, for a total value of $1,728,561.24. Following the transaction, the executive vice president now directly owns 390,165 shares in the company, valued at approximately $26,367,350.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,498,614 shares of company stock valued at $951,441,747. 45.58% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on WMT shares. Royal Bank of Canada raised their price target on Walmart from $62.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, May 17th. DA Davidson raised their price target on Walmart from $69.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, May 17th. BMO Capital Markets raised their price target on Walmart from $75.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday. UBS Group raised their price target on Walmart from $63.00 to $69.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. Finally, KeyCorp raised their price target on Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a report on Wednesday, July 17th. Three analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $71.60.

Walmart Price Performance

Shares of WMT traded down $1.04 on Friday, reaching $68.98. The stock had a trading volume of 2,467,598 shares, compared to its average volume of 17,277,838. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $71.33. The company has a quick ratio of 0.23, a current ratio of 0.80 and a debt-to-equity ratio of 0.48. The firm has a 50-day moving average of $67.71 and a 200 day moving average of $61.63. The firm has a market capitalization of $554.84 billion, a PE ratio of 30.04, a PEG ratio of 4.07 and a beta of 0.50.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.08. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The firm had revenue of $161.50 billion for the quarter, compared to analyst estimates of $159.57 billion. During the same quarter in the prior year, the company earned $0.49 EPS. Walmart’s revenue was up 6.0% on a year-over-year basis. Sell-side analysts expect that Walmart Inc. will post 2.43 EPS for the current year.

Walmart 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.