Vectors Research Management LLC Has $2.50 Million Position in Walmart Inc. (NYSE:WMT)

Vectors Research Management LLC lowered its stake in shares of Walmart Inc. (NYSE:WMTGet Rating) by 2.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,548 shares of the retailer’s stock after selling 470 shares during the quarter. Vectors Research Management LLC’s holdings in Walmart were worth $2,498,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. GQG Partners LLC boosted its position in shares of Walmart by 48.0% in the first quarter. GQG Partners LLC now owns 15,431,684 shares of the retailer’s stock valued at $2,297,510,000 after acquiring an additional 5,007,342 shares during the period. Aaron Wealth Advisors LLC boosted its position in shares of Walmart by 14,883.3% in the first quarter. Aaron Wealth Advisors LLC now owns 3,224,266 shares of the retailer’s stock valued at $21,651,000 after acquiring an additional 3,202,747 shares during the period. Walker Asset Management LLC boosted its position in shares of Walmart by 6,198.0% in the second quarter. Walker Asset Management LLC now owns 1,457,491 shares of the retailer’s stock valued at $201,526,000 after acquiring an additional 1,434,349 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in shares of Walmart by 34.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 5,258,231 shares of the retailer’s stock valued at $783,056,000 after acquiring an additional 1,340,328 shares during the period. Finally, Ensign Peak Advisors Inc boosted its position in shares of Walmart by 60.4% in the first quarter. Ensign Peak Advisors Inc now owns 3,381,078 shares of the retailer’s stock valued at $503,508,000 after acquiring an additional 1,272,778 shares during the period. Institutional investors own 31.26% of the company’s stock.

Walmart Price Performance

Shares of NYSE:WMT traded up $0.73 during midday trading on Thursday, reaching $152.42. The company’s stock had a trading volume of 5,640,225 shares, compared to its average volume of 7,333,825. Walmart Inc. has a fifty-two week low of $117.27 and a fifty-two week high of $160.77. The company has a market capitalization of $413.70 billion, a P/E ratio of 47.04, a P/E/G ratio of 4.54 and a beta of 0.52. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.86 and a quick ratio of 0.23. The business’s fifty day simple moving average is $137.68 and its 200-day simple moving average is $132.26.

Walmart (NYSE:WMTGet Rating) last announced its quarterly earnings data on Tuesday, November 15th. The retailer reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.18. The firm had revenue of $152.80 billion during the quarter, compared to analyst estimates of $146.80 billion. Walmart had a return on equity of 19.54% and a net margin of 1.49%. The company’s revenue was up 8.8% on a year-over-year basis. During the same period last year, the company earned $1.45 earnings per share. As a group, equities research analysts expect that Walmart Inc. will post 6.08 EPS for the current fiscal year.

Walmart declared that its Board of Directors has initiated a share buyback program on Tuesday, November 15th that authorizes the company to buyback $20.00 billion in outstanding shares. This buyback authorization authorizes the retailer to buy up to 5% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In related news, EVP John R. Furner sold 4,375 shares of Walmart stock in a transaction dated Thursday, September 22nd. The stock was sold at an average price of $134.38, for a total value of $587,912.50. Following the completion of the sale, the executive vice president now directly owns 268,183 shares in the company, valued at $36,038,431.54. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, EVP John R. Furner sold 4,375 shares of Walmart stock in a transaction dated Thursday, September 22nd. The stock was sold at an average price of $134.38, for a total value of $587,912.50. Following the completion of the sale, the executive vice president now directly owns 268,183 shares in the company, valued at $36,038,431.54. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Rachel L. Brand sold 4,853 shares of the firm’s stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $150.66, for a total value of $731,152.98. Following the transaction, the executive vice president now owns 179,496 shares in the company, valued at approximately $27,042,867.36. The disclosure for this sale can be found here. Insiders sold a total of 3,723,319 shares of company stock worth $551,899,783 over the last three months. 47.06% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on WMT. Truist Financial increased their price objective on Walmart from $134.00 to $150.00 and gave the company a “hold” rating in a research report on Wednesday, November 16th. Wells Fargo & Company raised their target price on Walmart from $130.00 to $155.00 in a research report on Tuesday, August 16th. Morgan Stanley raised their target price on Walmart from $150.00 to $164.00 and gave the stock an “overweight” rating in a research report on Thursday, November 17th. Raymond James raised their target price on Walmart from $150.00 to $160.00 in a research report on Wednesday, November 16th. Finally, Credit Suisse Group raised their target price on Walmart from $145.00 to $160.00 and gave the stock an “outperform” rating in a research report on Thursday, November 17th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $160.14.

Walmart Company Profile

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Walmart Inc engages in the operation of retail, wholesale, and other units 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; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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