Walmart Inc. (NYSE:WMT) Shares Purchased by BBR Partners LLC

BBR Partners LLC grew its position in shares of Walmart Inc. (NYSE:WMT) by 38.2% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 67,398 shares of the retailer’s stock after purchasing an additional 18,636 shares during the quarter. Walmart accounts for about 0.4% of BBR Partners LLC’s holdings, making the stock its 24th biggest holding. BBR Partners LLC’s holdings in Walmart were worth $5,442,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of WMT. First Commonwealth Financial Corp PA boosted its stake in Walmart by 0.7% during the 3rd quarter. First Commonwealth Financial Corp PA now owns 24,434 shares of the retailer’s stock valued at $1,973,000 after purchasing an additional 159 shares during the period. CreativeOne Wealth LLC raised its holdings in shares of Walmart by 27.7% during the third quarter. CreativeOne Wealth LLC now owns 71,558 shares of the retailer’s stock valued at $5,778,000 after buying an additional 15,538 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of Walmart by 21.7% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 561,000 shares of the retailer’s stock worth $45,301,000 after buying an additional 100,000 shares during the period. Hardy Reed LLC grew its holdings in Walmart by 23.8% in the 3rd quarter. Hardy Reed LLC now owns 12,657 shares of the retailer’s stock worth $1,022,000 after buying an additional 2,436 shares in the last quarter. Finally, Cadence Bank increased its position in Walmart by 0.3% in the 3rd quarter. Cadence Bank now owns 181,868 shares of the retailer’s stock valued at $14,686,000 after acquiring an additional 467 shares during the period. Institutional investors own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on WMT. Telsey Advisory Group boosted their price target on Walmart from $92.00 to $100.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Morgan Stanley increased their target price on shares of Walmart from $89.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, November 20th. Oppenheimer boosted their price target on shares of Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Melius Research initiated coverage on shares of Walmart in a research note on Monday, September 23rd. They issued a “buy” rating and a $95.00 price target for the company. Finally, Bank of America raised their price objective on shares of Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $91.88.

Walmart Price Performance

WMT opened at $91.87 on Thursday. The firm has a market capitalization of $738.47 billion, a P/E ratio of 37.65, a PEG ratio of 4.33 and a beta of 0.51. The stock has a fifty day moving average of $82.81 and a 200-day moving average of $74.48. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $92.25.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The firm had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. During the same period in the prior year, the business earned $0.51 EPS. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. Equities analysts forecast that Walmart Inc. will post 2.47 EPS for the current fiscal year.

Insider Buying and Selling

In other news, EVP John D. Rainey sold 3,000 shares of the firm’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 directly owns 384,165 shares of the company’s stock, valued at $29,765,104.20. This trade represents a 0.77 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder S Robson Walton sold 4,057,369 shares of Walmart stock in a transaction dated 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 sale, the insider now owns 611,988,318 shares of the company’s stock, valued at approximately $47,245,498,149.60. This represents a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,337,337 shares of company stock worth $958,823,647. 45.58% of the stock is owned by company insiders.

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.