Generate Investment Management Ltd Purchases 3,996 Shares of Walmart Inc. (NYSE:WMT)

Generate Investment Management Ltd boosted its position in Walmart Inc. (NYSE:WMT) by 2.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 150,381 shares of the retailer’s stock after acquiring an additional 3,996 shares during the period. Generate Investment Management Ltd’s holdings in Walmart were worth $12,143,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WMT. Alaska Permanent Fund Corp grew its holdings in Walmart by 248.9% during the 1st quarter. Alaska Permanent Fund Corp now owns 31,457 shares of the retailer’s stock worth $1,893,000 after acquiring an additional 22,441 shares during the period. Threadgill Financial LLC acquired a new stake in shares of Walmart during the first quarter worth $206,000. Atwood & Palmer Inc. increased its holdings in Walmart by 207.4% in the first quarter. Atwood & Palmer Inc. now owns 282,369 shares of the retailer’s stock valued at $16,990,000 after purchasing an additional 190,500 shares during the last quarter. Fragasso Group Inc. lifted its stake in Walmart by 182.5% in the first quarter. Fragasso Group Inc. now owns 96,981 shares of the retailer’s stock valued at $5,835,000 after buying an additional 62,648 shares during the period. Finally, Marcum Wealth LLC boosted its holdings in Walmart by 198.9% during the first quarter. Marcum Wealth LLC now owns 28,386 shares of the retailer’s stock worth $1,708,000 after buying an additional 18,889 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Walmart

In other Walmart news, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $70.60, for a total transaction of $926,625.00. Following the transaction, the executive vice president now owns 632,415 shares of the company’s stock, valued at $44,648,499. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $70.61, for a total transaction of $2,056,445.64. Following the completion of the sale, the chief executive officer now owns 3,931,301 shares of the company’s stock, valued at approximately $277,589,163.61. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $70.60, for a total transaction of $926,625.00. Following the completion of the transaction, the executive vice president now directly owns 632,415 shares in the company, valued at approximately $44,648,499. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,337,337 shares of company stock worth $958,267,901. Insiders own 45.58% of the company’s stock.

Walmart Stock Up 0.5 %

NYSE:WMT opened at $81.32 on Friday. The firm has a market capitalization of $654.10 billion, a price-to-earnings ratio of 34.75, a price-to-earnings-growth ratio of 4.02 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 twelve month low of $49.85 and a twelve month high of $81.82. The stock’s 50 day moving average price is $77.90 and its two-hundred day moving average price is $69.54.

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

Analysts Set New Price Targets

WMT has been the topic of a number of analyst reports. The Goldman Sachs Group increased their price target on shares of Walmart from $73.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Piper Sandler reissued an “overweight” rating and set a $83.00 price target (up from $81.00) on shares of Walmart in a research report on Friday, August 16th. Robert W. Baird upped their price objective on shares of Walmart from $82.00 to $90.00 and gave the company an “outperform” rating in a research report on Monday, September 30th. Truist Financial raised Walmart from a “hold” rating to a “buy” rating and raised their price objective for the stock from $76.00 to $89.00 in a research note on Tuesday, September 24th. Finally, Morgan Stanley boosted their target price on Walmart from $75.00 to $82.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. One research analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Walmart presently has a consensus rating of “Buy” and an average price target of $82.96.

About Walmart

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.