Oxbow Advisors LLC Raises Stock Holdings in Walmart Inc. (NYSE:WMT)

Oxbow Advisors LLC boosted its holdings in Walmart Inc. (NYSE:WMT) by 3.7% during the 2nd quarter, Holdings Channel reports. The firm owned 19,619 shares of the retailer’s stock after acquiring an additional 703 shares during the period. Oxbow Advisors LLC’s holdings in Walmart were worth $1,328,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. SVB Wealth LLC increased its holdings in Walmart by 44.8% during the second quarter. SVB Wealth LLC now owns 214,490 shares of the retailer’s stock worth $14,523,000 after buying an additional 66,313 shares during the last quarter. Chicago Capital LLC increased its holdings in Walmart by 7.9% in the 2nd quarter. Chicago Capital LLC now owns 29,787 shares of the retailer’s stock worth $2,017,000 after acquiring an additional 2,172 shares during the last quarter. EFG Asset Management Americas Corp. increased its stake in shares of Walmart by 40.2% in the second quarter. EFG Asset Management Americas Corp. now owns 108,483 shares of the retailer’s stock worth $7,345,000 after purchasing an additional 31,122 shares in the last quarter. Illinois Municipal Retirement Fund grew its stake in Walmart by 58.1% in the 2nd quarter. Illinois Municipal Retirement Fund now owns 717,824 shares of the retailer’s stock valued at $48,604,000 after buying an additional 263,718 shares in the last quarter. Finally, Los Angeles Capital Management LLC grew its position in shares of Walmart by 57.1% in the second quarter. Los Angeles Capital Management LLC now owns 1,335,740 shares of the retailer’s stock valued at $90,443,000 after purchasing an additional 485,569 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.

Insider Transactions at Walmart

In related news, major shareholder Alice L. Walton sold 40,974 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $66.79, for a total transaction of $2,736,653.46. Following the completion of the transaction, the insider now owns 635,512,658 shares of the company’s stock, valued at approximately $42,445,890,427.82. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, major shareholder Alice L. Walton sold 2,375,563 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $76.96, for a total value of $182,823,328.48. Following the transaction, the insider now owns 619,646,544 shares in the company, valued at approximately $47,687,998,026.24. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Alice L. Walton sold 40,974 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $66.79, for a total transaction of $2,736,653.46. Following the sale, the insider now owns 635,512,658 shares of the company’s stock, valued at $42,445,890,427.82. The disclosure for this sale can be found here. Insiders have sold a total of 10,144,237 shares of company stock valued at $730,497,016 in the last ninety days. 45.58% of the stock is currently owned by corporate insiders.

Walmart Stock Down 0.4 %

Shares of WMT stock traded down $0.32 during mid-day trading on Friday, reaching $76.64. 14,548,588 shares of the company’s stock traded hands, compared to its average volume of 17,411,770. The company’s 50-day moving average price is $71.45 and its 200-day moving average price is $65.38. The company has a market cap of $616.05 billion, a P/E ratio of 32.80, a P/E/G ratio of 3.87 and a beta of 0.51. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $77.81.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. The company had revenue of $169.30 billion during the quarter, compared to analysts’ expectations of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. Walmart’s revenue was up 4.7% on a year-over-year basis. During the same period last year, the company posted $0.61 EPS. On average, equities analysts expect that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

WMT has been the topic of a number of analyst reports. Barclays upped their target price on shares of Walmart from $66.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Evercore ISI increased their price objective on Walmart from $78.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. StockNews.com upgraded Walmart from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 16th. Royal Bank of Canada raised their target price on shares of Walmart from $74.00 to $80.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. Finally, KeyCorp increased their price target on shares of Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a report on Wednesday, July 17th. Two research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Walmart currently has an average rating of “Moderate Buy” and a consensus price target of $78.99.

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.