15,000 Shares in Walmart Inc. (NYSE:WMT) Acquired by Mitsubishi UFJ Asset Management UK Ltd.

Mitsubishi UFJ Asset Management UK Ltd. acquired a new stake in Walmart Inc. (NYSE:WMT) during the third quarter, HoldingsChannel.com reports. The fund acquired 15,000 shares of the retailer’s stock, valued at approximately $1,211,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Alaska Permanent Fund Corp raised its position in shares of 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 in the last quarter. Threadgill Financial LLC purchased a new stake in shares of Walmart during the 1st quarter worth approximately $206,000. Atwood & Palmer Inc. boosted its holdings in shares of Walmart by 207.4% in the 1st quarter. Atwood & Palmer Inc. now owns 282,369 shares of the retailer’s stock valued at $16,990,000 after buying an additional 190,500 shares in the last quarter. Fragasso Group Inc. grew its position in shares of Walmart by 182.5% in the 1st 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 last quarter. Finally, Marcum Wealth LLC raised its stake in Walmart by 198.9% during the 1st quarter. Marcum Wealth LLC now owns 28,386 shares of the retailer’s stock worth $1,708,000 after acquiring an additional 18,889 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $70.61, for a total value of $2,056,445.64. Following the sale, the chief executive officer now directly owns 3,931,301 shares in the company, valued at $277,589,163.61. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Walmart news, major shareholder S Robson Walton sold 4,057,369 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $70.61, for a total value of $2,056,445.64. Following the completion of the sale, the chief executive officer now owns 3,931,301 shares in the company, valued at $277,589,163.61. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,337,337 shares of company stock worth $958,267,901 over the last 90 days. 45.58% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Telsey Advisory Group raised their price objective on Walmart from $82.00 to $92.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. Guggenheim raised their price target on Walmart from $75.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Melius Research started coverage on Walmart in a research note on Monday, September 23rd. They issued a “buy” rating and a $95.00 price objective for the company. Robert W. Baird raised their target price on shares of Walmart from $82.00 to $90.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. Finally, Citigroup lifted their target price on shares of Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a report on Friday, September 27th. One research analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $82.96.

Walmart Price Performance

Walmart stock traded up $0.42 during mid-day trading on Friday, reaching $81.31. The company had a trading volume of 12,324,148 shares, compared to its average volume of 17,134,037. The stock’s 50-day simple moving average is $77.90 and its 200-day simple moving average is $69.54. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $81.82. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. The company has a market capitalization of $654.02 billion, a P/E ratio of 34.75, a P/E/G ratio of 4.02 and a beta of 0.51.

Walmart (NYSE:WMT) last released its quarterly 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 analysts’ expectations of $168.56 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The company’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.61 EPS. On average, equities analysts predict that Walmart Inc. will post 2.44 EPS for the current year.

Walmart 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.