Nisa Investment Advisors LLC Has $108.47 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

Nisa Investment Advisors LLC grew its position in Walmart Inc. (NYSE:WMT) by 14.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,343,330 shares of the retailer’s stock after buying an additional 168,689 shares during the period. Walmart makes up 0.6% of Nisa Investment Advisors LLC’s portfolio, making the stock its 23rd largest position. Nisa Investment Advisors LLC’s holdings in Walmart were worth $108,474,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Investment Advisory Group LLC increased its holdings in shares of Walmart by 2.1% during the third quarter. Investment Advisory Group LLC now owns 6,182 shares of the retailer’s stock worth $499,000 after buying an additional 126 shares in the last quarter. Professional Financial Advisors LLC increased its holdings in Walmart by 0.6% in the 3rd quarter. Professional Financial Advisors LLC now owns 21,839 shares of the retailer’s stock worth $1,763,000 after purchasing an additional 137 shares in the last quarter. Inspire Advisors LLC increased its holdings in Walmart by 2.1% in the 3rd quarter. Inspire Advisors LLC now owns 6,677 shares of the retailer’s stock worth $539,000 after purchasing an additional 137 shares in the last quarter. Trust Co of the South raised its position in Walmart by 0.5% in the third quarter. Trust Co of the South now owns 25,647 shares of the retailer’s stock valued at $2,071,000 after purchasing an additional 138 shares during the last quarter. Finally, LVZ Inc. boosted its stake in shares of Walmart by 1.9% during the second quarter. LVZ Inc. now owns 7,824 shares of the retailer’s stock valued at $530,000 after purchasing an additional 143 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.

Walmart Price Performance

Shares of NYSE:WMT opened at $82.75 on Tuesday. The stock’s 50 day moving average is $79.27 and its 200-day moving average is $70.63. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $83.34. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $665.17 billion, a price-to-earnings ratio of 43.02, a PEG ratio of 4.13 and a beta of 0.51.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. The firm had revenue of $169.30 billion for the quarter, compared to analyst estimates of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the firm earned $0.61 earnings per share. Sell-side analysts forecast that Walmart Inc. will post 2.44 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently issued reports on WMT. Telsey Advisory Group upped their price objective on Walmart from $82.00 to $92.00 and gave the company an “outperform” rating in a research note on Tuesday, October 8th. Tigress Financial raised their price target on shares of Walmart from $75.00 to $86.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. BMO Capital Markets reiterated an “outperform” rating and set a $80.00 price target on shares of Walmart in a report on Friday, August 16th. Barclays increased their price objective on Walmart from $66.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Finally, TD Cowen lifted their target price on Walmart from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 16th. One analyst has rated the stock with a hold rating, twenty-nine have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $83.83.

Insider Buying and Selling at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $82.79, for a total value of $2,411,175.96. Following the completion of the sale, the chief executive officer now directly owns 3,843,929 shares of the company’s stock, valued at $318,238,881.91. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $82.96, for a total value of $1,088,850.00. Following the completion of the sale, the executive vice president now owns 593,040 shares in the company, valued at $49,198,598.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $82.79, for a total transaction of $2,411,175.96. Following the completion of the sale, the chief executive officer now owns 3,843,929 shares of the company’s stock, valued at approximately $318,238,881.91. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,337,337 shares of company stock worth $958,784,857. Insiders own 45.58% of the company’s stock.

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.