Walmart Inc. (NYSE:WMT) Stock Position Decreased by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. reduced its stake in shares of Walmart Inc. (NYSE:WMT) by 0.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,632,395 shares of the retailer’s stock after selling 2,856 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Walmart were worth $131,816,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Peterson Financial Group Inc. acquired a new position in Walmart during the 3rd quarter valued at about $26,000. Voisard Asset Management Group Inc. raised its position in shares of Walmart by 77.3% during the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after purchasing an additional 174 shares during the period. Hoese & Co LLP purchased a new stake in Walmart during the third quarter valued at about $33,000. EntryPoint Capital LLC purchased a new stake in shares of Walmart in the 1st quarter valued at approximately $25,000. Finally, TruNorth Capital Management LLC boosted its position in shares of Walmart by 138.3% in the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after buying an additional 249 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on WMT. Telsey Advisory Group boosted their target price on Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a research note on Tuesday. Truist Financial boosted their price objective on Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday. Sanford C. Bernstein raised their price target on shares of Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a research report on Wednesday. Jefferies Financial Group raised their price objective on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, Robert W. Baird upped their target price on Walmart from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday. One analyst has rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $91.51.

Insider Buying and Selling

In other Walmart news, major shareholder S Robson Walton sold 4,057,369 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the completion of the sale, the insider now owns 611,988,318 shares in the company, valued at approximately $47,245,498,149.60. The trade was a 0.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total value of $209,607,941.31. Following the completion of the transaction, the insider now owns 630,501,148 shares in the company, valued at $48,781,873,820.76. This represents a 0.43 % 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 valued at $958,823,647 over the last ninety days. Insiders own 45.58% of the company’s stock.

Walmart Stock Performance

WMT stock opened at $87.18 on Thursday. The stock has a market capitalization of $700.77 billion, a PE ratio of 35.78, a price-to-earnings-growth ratio of 4.33 and a beta of 0.51. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.22. The company has a 50 day moving average price of $81.75 and a 200 day moving average price of $73.43. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $88.29.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.05. The business had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.51 earnings per share. Analysts forecast that Walmart Inc. will post 2.43 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.