Walmart Inc. (NYSE:WMT) Shares Acquired by 1832 Asset Management L.P.

1832 Asset Management L.P. increased its position in Walmart Inc. (NYSE:WMT) by 202.0% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,294,147 shares of the retailer’s stock after purchasing an additional 865,570 shares during the period. 1832 Asset Management L.P.’s holdings in Walmart were worth $77,869,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. EntryPoint Capital LLC acquired a new position in Walmart in the first quarter valued at approximately $25,000. Northwest Capital Management Inc boosted its stake in Walmart by 199.3% in the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock valued at $26,000 after acquiring an additional 293 shares during the period. Partnership Wealth Management LLC acquired a new position in Walmart in the fourth quarter valued at approximately $30,000. Able Wealth Management LLC acquired a new position in Walmart in the fourth quarter valued at approximately $30,000. Finally, Vermillion & White Wealth Management Group LLC acquired a new position in Walmart in the fourth quarter valued at approximately $32,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Stock Down 0.3 %

Shares of WMT traded down $0.24 during mid-day trading on Friday, reaching $69.78. The company’s stock had a trading volume of 16,789,306 shares, compared to its average volume of 12,217,879. The business has a fifty day moving average of $67.81 and a 200 day moving average of $61.81. The company has a market cap of $561.28 billion, a price-to-earnings ratio of 29.86, a price-to-earnings-growth ratio of 4.04 and a beta of 0.50. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $71.33. The company has a quick ratio of 0.23, a current ratio of 0.80 and a debt-to-equity ratio of 0.48.

Walmart (NYSE:WMT) last released its earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.08. The company had revenue of $161.50 billion during the quarter, compared to analyst estimates of $159.57 billion. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.49 earnings per share. As a group, analysts forecast that Walmart Inc. will post 2.43 earnings per share for the current fiscal year.

Insider Transactions at Walmart

In other news, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $70.60, for a total value of $926,625.00. Following the transaction, the executive vice president now directly owns 632,415 shares of the company’s stock, valued at $44,648,499. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Walmart news, EVP John R. Furner sold 13,125 shares of the stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $70.60, for a total transaction of $926,625.00. Following the transaction, the executive vice president now directly owns 632,415 shares of the company’s stock, valued at $44,648,499. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Alice L. Walton sold 3,633,800 shares of the stock in a transaction on Monday, June 10th. The stock was sold at an average price of $66.80, for a total transaction of $242,737,840.00. Following the transaction, the insider now directly owns 636,898,811 shares in the company, valued at $42,544,840,574.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,540,863 shares of company stock valued at $954,424,817. 45.58% of the stock is owned by insiders.

Wall Street Analyst Weigh In

WMT has been the topic of a number of recent analyst reports. DA Davidson lifted their price target on Walmart from $69.00 to $75.00 and gave the company a “buy” rating in a report on Friday, May 17th. Truist Financial lifted their price target on Walmart from $60.00 to $64.00 and gave the company a “hold” rating in a report on Friday, May 17th. Evercore ISI lifted their price target on Walmart from $73.00 to $74.00 and gave the company an “outperform” rating in a report on Tuesday, July 16th. UBS Group lifted their price target on Walmart from $63.00 to $69.00 and gave the company a “buy” rating in a report on Tuesday, May 7th. Finally, Robert W. Baird lifted their price target on Walmart from $65.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, May 17th. Three equities research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $71.60.

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.