Elo Mutual Pension Insurance Co Has $28.15 Million Stock Position in Walmart Inc. (NYSE:WMT)

Elo Mutual Pension Insurance Co raised its holdings in shares of Walmart Inc. (NYSE:WMT) by 2.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 415,675 shares of the retailer’s stock after purchasing an additional 9,784 shares during the period. Walmart accounts for approximately 0.7% of Elo Mutual Pension Insurance Co’s holdings, making the stock its 25th biggest holding. Elo Mutual Pension Insurance Co’s holdings in Walmart were worth $28,145,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Landmark Financial Advisors LLC grew its stake in shares of Walmart by 1.0% in the fourth quarter. Landmark Financial Advisors LLC now owns 7,055 shares of the retailer’s stock worth $1,112,000 after purchasing an additional 70 shares during the last quarter. Syverson Strege & Co lifted its holdings in Walmart by 2.6% during the 4th quarter. Syverson Strege & Co now owns 3,377 shares of the retailer’s stock worth $532,000 after buying an additional 85 shares during the period. Amussen Hunsaker Associates LLC grew its position in shares of Walmart by 0.5% in the 4th quarter. Amussen Hunsaker Associates LLC now owns 15,979 shares of the retailer’s stock valued at $2,519,000 after buying an additional 86 shares during the last quarter. Per Stirling Capital Management LLC. increased its stake in shares of Walmart by 2.6% in the fourth quarter. Per Stirling Capital Management LLC. now owns 4,009 shares of the retailer’s stock valued at $632,000 after buying an additional 100 shares during the period. Finally, Pin Oak Investment Advisors Inc. raised its position in shares of Walmart by 1.6% during the fourth quarter. Pin Oak Investment Advisors Inc. now owns 6,166 shares of the retailer’s stock worth $975,000 after acquiring an additional 100 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling

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 shares were sold at an average price of $69.50, for a total transaction of $166,661.00. Following the sale, the executive vice president now directly owns 463,871 shares in the company, valued at approximately $32,239,034.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $68.39, for a total value of $1,991,790.36. Following the completion of the transaction, the chief executive officer now directly owns 3,960,402 shares of the company’s stock, valued at approximately $270,851,892.78. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Daniel J. Bartlett sold 2,398 shares of the company’s 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 completion of the transaction, the executive vice president now directly owns 463,871 shares in the company, valued at approximately $32,239,034.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,203,360 shares of company stock valued at $788,678,803. 45.58% of the stock is owned by insiders.

Walmart Stock Performance

NYSE WMT opened at $78.62 on Wednesday. The company has a market capitalization of $631.97 billion, a PE ratio of 33.65, a price-to-earnings-growth ratio of 4.03 and a beta of 0.51. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $81.02. The company has a 50-day simple moving average of $72.90 and a 200 day simple moving average of $66.48.

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

Analyst Upgrades and Downgrades

Several brokerages recently commented on WMT. Bank of America upped their target price on Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 16th. JPMorgan Chase & Co. increased their price objective on shares of Walmart from $81.00 to $83.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Piper Sandler reaffirmed an “overweight” rating and set a $83.00 price target (up previously from $81.00) on shares of Walmart in a research report on Friday, August 16th. Truist Financial lifted their price target on shares of Walmart from $64.00 to $76.00 and gave the company a “hold” rating in a research note on Friday, August 16th. Finally, The Goldman Sachs Group increased their price objective on shares of Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Two analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.