Meeder Asset Management Inc. Raises Position in Walmart Inc. (NYSE:WMT)

Meeder Asset Management Inc. raised its holdings in Walmart Inc. (NYSE:WMT) by 141.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 171,904 shares of the retailer’s stock after buying an additional 100,652 shares during the period. Walmart makes up approximately 0.9% of Meeder Asset Management Inc.’s portfolio, making the stock its 26th largest position. Meeder Asset Management Inc.’s holdings in Walmart were worth $13,881,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Oxbow Advisors LLC boosted its position in Walmart by 45.0% in the 3rd quarter. Oxbow Advisors LLC now owns 28,453 shares of the retailer’s stock valued at $2,298,000 after buying an additional 8,834 shares during the period. Crossmark Global Holdings Inc. raised its holdings in shares of Walmart by 21.9% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 587,001 shares of the retailer’s stock valued at $47,400,000 after purchasing an additional 105,430 shares in the last quarter. Whalerock Point Partners LLC raised its holdings in shares of Walmart by 213.5% in the 1st quarter. Whalerock Point Partners LLC now owns 29,613 shares of the retailer’s stock valued at $1,782,000 after purchasing an additional 20,167 shares in the last quarter. WFA Asset Management Corp raised its holdings in shares of Walmart by 201.0% in the 1st quarter. WFA Asset Management Corp now owns 2,092 shares of the retailer’s stock valued at $126,000 after purchasing an additional 1,397 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of Walmart by 14.9% in the 3rd quarter. Principal Financial Group Inc. now owns 6,235,504 shares of the retailer’s stock valued at $503,517,000 after purchasing an additional 809,352 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Redburn Atlantic upgraded shares of Walmart to a “strong-buy” rating in a report on Monday, September 23rd. Oppenheimer lifted their price target on shares of Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Piper Sandler lifted their price target on shares of Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a research note on Monday. Jefferies Financial Group lifted their price target on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Wells Fargo & Company lifted their price target on shares of Walmart from $88.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $86.71.

Insider Buying and Selling at Walmart

In other Walmart news, EVP John R. Furner sold 13,125 shares of the stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $82.96, for a total transaction of $1,088,850.00. Following the sale, the executive vice president now directly owns 593,040 shares of the company’s stock, valued at approximately $49,198,598.40. This represents a 2.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the sale, the insider now directly owns 630,501,148 shares in the company, valued at $48,781,873,820.76. This trade represents a 0.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,337,337 shares of company stock worth $958,823,647 in the last ninety days. 45.58% of the stock is owned by insiders.

Walmart Stock Performance

NYSE:WMT opened at $84.09 on Tuesday. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $85.79. 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 firm has a market cap of $675.94 billion, a PE ratio of 43.80, a P/E/G ratio of 4.20 and a beta of 0.51. The firm has a 50 day simple moving average of $81.43 and a 200-day simple moving average of $73.15.

Walmart Company 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.