Walmart Inc. (NYSE:WMT) Shares Purchased by Perennial Investment Advisors LLC

Perennial Investment Advisors LLC raised its position in Walmart Inc. (NYSE:WMT) by 4.4% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 15,202 shares of the retailer’s stock after buying an additional 640 shares during the quarter. Perennial Investment Advisors LLC’s holdings in Walmart were worth $1,029,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Walmart by 199.4% during the first quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock worth $24,774,717,000 after acquiring an additional 274,229,968 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Walmart by 181.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock valued at $3,421,342,000 after purchasing an additional 36,625,314 shares in the last quarter. Bank of New York Mellon Corp increased its position in Walmart by 183.0% during the 1st quarter. Bank of New York Mellon Corp now owns 29,172,985 shares of the retailer’s stock worth $1,755,339,000 after purchasing an additional 18,865,484 shares during the period. Swiss National Bank increased its position in Walmart by 187.4% during the 1st quarter. Swiss National Bank now owns 13,303,200 shares of the retailer’s stock worth $800,454,000 after purchasing an additional 8,674,100 shares during the period. Finally, Canada Pension Plan Investment Board raised its stake in shares of Walmart by 284.0% during the 1st quarter. Canada Pension Plan Investment Board now owns 11,122,273 shares of the retailer’s stock worth $669,227,000 after buying an additional 8,225,552 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Price Performance

Shares of NYSE:WMT opened at $80.60 on Tuesday. The company has a market cap of $647.88 billion, a P/E ratio of 34.49, a P/E/G ratio of 3.99 and a beta of 0.51. The business has a fifty day simple moving average of $72.73 and a 200-day simple moving average of $66.34. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $81.02. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $168.56 billion. During the same period last year, the company earned $0.61 EPS. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. Equities research analysts forecast that Walmart Inc. will post 2.44 EPS for the current year.

Insider Buying and Selling

In other news, SVP David Chojnowski sold 8,791 shares of the business’s stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $68.00, for a total transaction of $597,788.00. Following the completion of the sale, the senior vice president now directly owns 94,415 shares of the company’s stock, valued at approximately $6,420,220. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP John D. Rainey sold 25,578 shares of the firm’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $67.58, for a total value of $1,728,561.24. Following the transaction, the executive vice president now directly owns 390,165 shares in the company, valued at approximately $26,367,350.70. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP David Chojnowski sold 8,791 shares of the business’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $68.00, for a total value of $597,788.00. Following the sale, the senior vice president now owns 94,415 shares of the company’s stock, valued at approximately $6,420,220. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,203,360 shares of company stock valued at $788,678,803. Insiders own 45.58% of the company’s stock.

Wall Street Analysts Forecast Growth

WMT has been the topic of a number of recent analyst reports. Barclays upped their price objective on Walmart from $66.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Wells Fargo & Company upped their price target on shares of Walmart from $75.00 to $81.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. StockNews.com upgraded shares of Walmart from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 16th. Royal Bank of Canada upped their target price on shares of Walmart from $74.00 to $80.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. Finally, Piper Sandler reiterated an “overweight” rating and set a $83.00 price target (up from $81.00) on shares of Walmart in a research report on Friday, August 16th. Two equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.99.

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.