HM Payson & Co. Buys 4,796 Shares of Walmart Inc. (NYSE:WMT)

HM Payson & Co. raised its stake in Walmart Inc. (NYSE:WMTFree Report) by 1.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 284,545 shares of the retailer’s stock after acquiring an additional 4,796 shares during the quarter. HM Payson & Co.’s holdings in Walmart were worth $22,977,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Liberty Wealth Management LLC bought a new position in shares of Walmart in the first quarter worth about $270,000. Commerce Bank increased its stake in shares of Walmart by 189.4% in the first quarter. Commerce Bank now owns 917,625 shares of the retailer’s stock valued at $55,213,000 after buying an additional 600,521 shares during the period. Envestnet Portfolio Solutions Inc. increased its stake in shares of Walmart by 290.7% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 270,065 shares of the retailer’s stock valued at $16,250,000 after buying an additional 200,947 shares during the period. Private Advisor Group LLC increased its stake in shares of Walmart by 189.4% in the first quarter. Private Advisor Group LLC now owns 643,848 shares of the retailer’s stock valued at $38,740,000 after buying an additional 421,366 shares during the period. Finally, Sustainable Insight Capital Management LLC acquired a new position in shares of Walmart in the first quarter valued at approximately $723,000. Institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling at Walmart

In other Walmart news, EVP Daniel J. Bartlett sold 2,063 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $80.76, for a total value of $166,607.88. Following the completion of the sale, the executive vice president now owns 459,558 shares in the company, valued at approximately $37,113,904.08. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Walmart news, EVP Daniel J. Bartlett sold 2,063 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $80.76, for a total transaction of $166,607.88. Following the transaction, the executive vice president now directly owns 459,558 shares of the company’s stock, valued at approximately $37,113,904.08. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $80.64, for a total transaction of $2,348,559.36. Following the transaction, the chief executive officer now directly owns 3,873,053 shares in the company, valued at approximately $312,322,993.92. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,334,337 shares of company stock worth $958,577,287. 45.58% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

WMT has been the subject of several recent research reports. BMO Capital Markets reaffirmed an “outperform” rating and issued a $80.00 price objective on shares of Walmart in a research note on Friday, August 16th. Roth Mkm upped their price objective on Walmart from $71.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Tigress Financial upped their price objective on Walmart from $75.00 to $86.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. UBS Group upped their price objective on Walmart from $81.00 to $92.00 and gave the company a “buy” rating in a research note on Friday, October 11th. Finally, Guggenheim upped their price objective on Walmart from $81.00 to $90.00 and gave the company a “buy” rating in a research note on Monday. One investment analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Walmart presently has an average rating of “Buy” and a consensus target price of $83.83.

Read Our Latest Analysis on WMT

Walmart Price Performance

Shares of WMT traded up $0.34 during trading hours on Thursday, reaching $81.73. 745,432 shares of the company’s stock traded hands, compared to its average volume of 16,798,254. The firm’s 50 day simple moving average is $79.54 and its 200-day simple moving average is $70.86. The stock has a market cap of $656.97 billion, a PE ratio of 42.41, a price-to-earnings-growth ratio of 4.13 and a beta of 0.51. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $83.34. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46.

Walmart (NYSE:WMTGet Free Report) last announced its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.02. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The firm had revenue of $169.30 billion during the quarter, compared to the consensus estimate of $168.56 billion. During the same quarter in the previous year, the company posted $0.61 earnings per share. The business’s revenue was up 4.7% on a year-over-year basis. Equities analysts expect that Walmart Inc. will post 2.44 EPS for the current year.

Walmart Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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