Haverford Trust Co Purchases 4,691 Shares of Walmart Inc. (NYSE:WMT)

Haverford Trust Co raised its holdings in shares of Walmart Inc. (NYSE:WMT) by 6.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 80,476 shares of the retailer’s stock after buying an additional 4,691 shares during the quarter. Haverford Trust Co’s holdings in Walmart were worth $6,498,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. WFA Asset Management Corp lifted its position in Walmart by 201.0% in the 1st quarter. WFA Asset Management Corp now owns 2,092 shares of the retailer’s stock worth $126,000 after buying an additional 1,397 shares during the last quarter. Dupont Capital Management Corp lifted its stake in shares of Walmart by 165.4% in the 1st quarter. Dupont Capital Management Corp now owns 270,147 shares of the retailer’s stock valued at $16,255,000 after acquiring an additional 168,346 shares during the last quarter. Empowered Funds LLC grew its position in Walmart by 307.1% during the 1st quarter. Empowered Funds LLC now owns 160,292 shares of the retailer’s stock worth $9,645,000 after acquiring an additional 120,919 shares during the last quarter. Facet Wealth Inc. lifted its position in Walmart by 185.7% in the first quarter. Facet Wealth Inc. now owns 4,160 shares of the retailer’s stock valued at $249,000 after purchasing an additional 2,704 shares during the last quarter. Finally, River Global Investors LLP raised its holdings in Walmart by 196.6% during the 1st quarter. River Global Investors LLP now owns 23,169 shares of the retailer’s stock valued at $1,394,000 after buying an additional 15,357 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors.

Walmart Stock Performance

WMT opened at $85.01 on Wednesday. The firm has a market cap of $683.33 billion, a P/E ratio of 44.20, a PEG ratio of 4.21 and a beta of 0.51. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $85.54. The company has a 50 day simple moving average of $80.82 and a two-hundred day simple moving average of $72.44. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22.

Walmart (NYSE:WMT) last announced 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. The business had revenue of $169.30 billion for the quarter, compared to the consensus estimate of $168.56 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The business’s revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.61 earnings per share. Equities analysts forecast that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Insider Transactions at Walmart

In related news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $82.12, for a total transaction of $246,360.00. Following the transaction, the executive vice president now directly owns 378,165 shares in the company, valued at approximately $31,054,909.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Walmart news, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $82.12, for a total transaction of $246,360.00. Following the transaction, the executive vice president now directly owns 378,165 shares in the company, valued at $31,054,909.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder S Robson Walton sold 4,057,369 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $77.20, for a total value of $313,228,886.80. Following the transaction, the insider now owns 611,988,318 shares in the company, valued at approximately $47,245,498,149.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,337,337 shares of company stock worth $958,823,647 in the last three months. Insiders own 45.58% of the company’s stock.

Analyst Upgrades and Downgrades

WMT has been the subject of a number of recent analyst reports. Bank of America upped their price target on Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Telsey Advisory Group boosted their price objective on shares of Walmart from $82.00 to $92.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. Morgan Stanley raised their target price on shares of Walmart from $82.00 to $89.00 and gave the stock an “overweight” rating in a research report on Tuesday. KeyCorp increased their price target on shares of Walmart from $87.00 to $88.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Finally, Barclays upped their target price on Walmart from $66.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. One analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $84.15.

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.