International Assets Investment Management LLC Has $562.28 Million Stock Position in Walmart Inc. (NYSE:WMT)

International Assets Investment Management LLC raised its position in shares of Walmart Inc. (NYSE:WMT) by 8,814.4% in the 3rd quarter, Holdings Channel reports. The firm owned 6,963,218 shares of the retailer’s stock after acquiring an additional 6,885,106 shares during the period. International Assets Investment Management LLC’s holdings in Walmart were worth $562,280,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in WMT. Vanguard Group Inc. raised its position in Walmart by 199.4% during the first quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock valued at $24,774,717,000 after purchasing an additional 274,229,968 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Walmart by 181.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock valued at $3,421,342,000 after purchasing an additional 36,625,314 shares in the last quarter. Swiss National Bank raised its position in Walmart by 187.4% during the first quarter. Swiss National Bank now owns 13,303,200 shares of the retailer’s stock valued at $800,454,000 after purchasing an additional 8,674,100 shares in the last quarter. Canada Pension Plan Investment Board raised its position in Walmart by 284.0% during the first quarter. Canada Pension Plan Investment Board now owns 11,122,273 shares of the retailer’s stock valued at $669,227,000 after purchasing an additional 8,225,552 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its position in Walmart by 184.1% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 12,567,533 shares of the retailer’s stock valued at $756,188,000 after purchasing an additional 8,144,393 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Price Performance

WMT stock opened at $83.26 on Thursday. The firm has a market cap of $669.26 billion, a price-to-earnings ratio of 43.29, a PEG ratio of 4.11 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 $83.34. The company’s fifty day simple moving average is $78.71 and its 200 day simple moving average is $70.08.

Walmart (NYSE:WMT) last released its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.02. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The business had revenue of $169.30 billion for the quarter, compared to analyst estimates of $168.56 billion. During the same quarter in the previous 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, analysts expect that Walmart Inc. will post 2.44 earnings per share for the current year.

Insider Activity

In related news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $69.19, for a total transaction of $207,570.00. Following the transaction, the executive vice president now directly owns 387,165 shares of the company’s stock, valued at approximately $26,787,946.35. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Walmart news, major shareholder Alice L. Walton sold 2,709,163 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the transaction, the insider now owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $69.19, for a total transaction of $207,570.00. Following the transaction, the executive vice president now owns 387,165 shares in the company, valued at approximately $26,787,946.35. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,295,088 shares of company stock worth $955,284,831 in the last three months. Company insiders own 45.58% of the company’s stock.

Analyst Ratings Changes

WMT has been the subject of several research analyst reports. Royal Bank of Canada boosted their price objective on shares of Walmart from $74.00 to $80.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Barclays boosted their target price on shares of Walmart from $66.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Jefferies Financial Group boosted their target price on shares of Walmart from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. The Goldman Sachs Group boosted their target price on shares of Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Finally, Citigroup boosted their target price on shares of Walmart from $75.00 to $98.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. One research analyst has rated the stock with a hold rating, twenty-nine have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $83.51.

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.