Walmart Inc. (NYSE:WMT) Shares Purchased by Strategy Asset Managers LLC

Strategy Asset Managers LLC boosted its position in shares of Walmart Inc. (NYSE:WMTFree Report) by 167.5% in the 3rd quarter, HoldingsChannel reports. The fund owned 95,150 shares of the retailer’s stock after acquiring an additional 59,580 shares during the period. Walmart accounts for about 1.5% of Strategy Asset Managers LLC’s portfolio, making the stock its 16th biggest holding. Strategy Asset Managers LLC’s holdings in Walmart were worth $7,683,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. WFA Asset Management Corp increased its holdings in shares of Walmart by 201.0% in the 1st quarter. WFA Asset Management Corp now owns 2,092 shares of the retailer’s stock valued at $126,000 after acquiring an additional 1,397 shares during the last quarter. Dupont Capital Management Corp increased its stake in Walmart by 165.4% in the first quarter. Dupont Capital Management Corp now owns 270,147 shares of the retailer’s stock valued at $16,255,000 after purchasing an additional 168,346 shares during the last quarter. Empowered Funds LLC raised its holdings in Walmart by 307.1% during the first quarter. Empowered Funds LLC now owns 160,292 shares of the retailer’s stock worth $9,645,000 after purchasing an additional 120,919 shares in the last quarter. Rockport Wealth LLC purchased a new stake in shares of Walmart during the 1st quarter worth approximately $226,000. Finally, Alerus Financial NA boosted its holdings in shares of Walmart by 203.4% in the 1st quarter. Alerus Financial NA now owns 82,062 shares of the retailer’s stock valued at $4,938,000 after buying an additional 55,012 shares in the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Walmart

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 stock was sold at an average price of $77.37, for a total value of $209,607,941.31. Following the sale, the insider now owns 630,501,148 shares of the company’s stock, valued at approximately $48,781,873,820.76. This represents a 0.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $77.48, for a total transaction of $232,440.00. Following the completion of the sale, the executive vice president now owns 384,165 shares in the company, valued at $29,765,104.20. This represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,337,337 shares of company stock valued at $958,823,647 in the last quarter. 45.58% of the stock is currently owned by corporate insiders.

Walmart Trading Up 3.0 %

Shares of WMT stock opened at $86.60 on Wednesday. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $88.29. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. The business’s fifty day moving average price is $81.58 and its 200 day moving average price is $73.34. The firm has a market capitalization of $696.11 billion, a PE ratio of 45.03, a P/E/G ratio of 4.19 and a beta of 0.51.

Walmart (NYSE:WMTGet Free Report) last announced its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. The business had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The business’s revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.51 EPS. As a group, sell-side analysts forecast that Walmart Inc. will post 2.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently commented on WMT. Stifel Nicolaus lifted their price target on shares of Walmart from $71.00 to $73.00 and gave the stock a “hold” rating in a research note on Tuesday, August 13th. Oppenheimer lifted their target price on Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Tigress Financial upped their target price on Walmart from $75.00 to $86.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Guggenheim raised their price target on Walmart from $81.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Finally, Wells Fargo & Company boosted their price objective on Walmart from $88.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. One analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Walmart currently has a consensus rating of “Buy” and a consensus target price of $86.98.

Get Our Latest Report on Walmart

Walmart Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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